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COMPENSATION AND REWARDS Definition: Compensation- …
rewards. • Combining financial rewards with nonfinancial ones produced performance improvement in service firms almost twice the effect of using each reward alone. – Day-to-day recognition from supervisors, peers, and team members is important. • Service awards - Award for the length of service and exactly not on performance
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INDUSTRIAL (LABOUR) RELATIONS
msmemon.webs.comThe important aspects of Industrial Relations are (i) Cooperation. (ii) Conflict. Labour Relations and Employee Relations Whereas Employee Relations is a broader term which represents the relations and contacts between the Management and it’s (all) employees; Labour Relations has its field of contact between Management and employees, limited.
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