Compensation Management: Compensation is a systematic approach to providing monetary value to employees in exchange for work performed. Compensation may achieve several purposes…

SMU Learning Centre, Alwar LC Code 03034 UNIT 8 COMPENSATION MANAGEMENT Book Code: MB 0043(HRM) Dr.Smita Choudhary Faculty HR & OB 1 CONTENTS Introduction  Wage &…

ECONOMIC GROWTH THEORIES AND MODELS  Classical growth by Adam Smith (1776) and David Ricardo(1817)  H-D model by Harrod(1939) and Domar(1947)  Neoclassical model…

1. ECONOMIC & BEHAVIOURAL THEORIES OF WAGES 2. Wage Determination Theories Acc. To Prof. J. Dunlop the history of wage theory may be divided in to 3 periods : Up to 1870…

Slide 1 Rules and conflict in income distribution: the classical approach Antonella Stirati Università Roma Tre Slide 2 Natural wage: “The doctrine of Adam Smith and other…

Slide 1 Slide 2 T.Latha Chakravarthi 8/26/2015 Slide 3  Pay is a statement of an employee’s worth by an employer.  Pay is a perception of worth by an employee. 8/26/2015…