Human Resource Accounting

What is Reward System ? Reward system refers to the procedures, rules, and standards associated with allocation of benefits and compensation to employees. Reward system in the context of performance management is defined as an. integrated system that ensures equitable avenues to employees for fulfillment of their financial and non financial needs and recognition urge … Read more

What is Wage ? A wage is the payment made to the workman for his services to the organization. Wage is differentiated from the salary on the basis of “how the organization computes an employee’s compensation”. Wages (Wage) are generally paid hourly to blue-collar workers such as production and maintenance workers while salary is a … Read more