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D. Performance Appraisal
Performance appraisal is the process of evaluating and documenting an
employee's performance with a view to enhancing work quality, output and efficiency.
Performance appraisals perform three important functions within companies. They
provide feedback to a person on their overall contribution for a period.
Employee retention refers to the ability of an organization to retain its employees. Retention
of a positive and motivated employee is very important for the organization's success. High
employee turnover increases the expenses and also has a negative impact on the organization's
morale. Performance and Productivity Maintenance − Employee retention practices help support
an organization's productivity.
A. Compensation
Compensation in business is an exchange for services, like getting paid for a job
done. Compensation management is overseeing the process of providing pay or other
benefits to employees for doing a job. The objective is to use compensation in order to
recruit and retain the highest quality employees.
C. Labor Relations
The term labor relations, also known as industrial relations, refers to the system
in which employers, workers and their representatives and, directly or indirectly, the
government interact to set the ground rules for the governance of work relationships.