Demand and Supply
What do you mean by Demand and Supply?
Expert
Demand for and supply of labor and its availability will have great influence on the determination of wage rates. If there is a shortage of labor, the wages demanded will be high. If, on the other hand labor is plentiful, workers will be too willing to work at low rates of wages. However, wages cannot be regarded today merely a price for services rendered. In recent years therefore, both management and labor has been becoming less and less dependent on this factor as a basic factor. An employee will not hesitate to accept lower wages if he has opportunities for growth in the organization. Today, the money which is paid as compensation should enable a worker to buy goods and services which will enable him and his family to live a better and fuller life and satisfy his hierarchical needs.
Illustrate the different Functions of HRM?
In what condition the performance appraisal systems are failing?
What do you mean by Balance and Debt System?
What are the Four-Phased Process of HRP?
What are the Organizational Strategies to cope up with stress?
Define Management development according to Johnson & Sorcher and Flippo?
Briefly illustrate out the main function of HRM?
What are the factors involved in a recruitment policy?
What is an interview?
How Application form helps to serve many functions?
18,76,764
1952663 Asked
3,689
Active Tutors
1449315
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!