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\ompensation
anagement
irect ndirect
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æ ontrol of costs
æ stablishment of fair & equitable
remuneration
æ mployee motivation
æ air Wages.
æ ttract competent talent.
æ matisfy employee needs.
æ etain good employees.
æ otivate employees for higher productivity.
æ pmprove union management relations.
æ romote \orporate mage.
æ ?overnment Laws.
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æ Ú
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m
ethods
Time Piece
Wage Wage
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æ mimplicity
æ mecurity
æ aintenance of quality
æ Mnion support
æ onvenient
æ ack of incentives
æ ack of distinction
æ omplacency
æ lose supervision
æ xpensive
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æ otivating
æ igher productivity
æ ess supervision
æ mociety benefits
æ pportunities for talented and Sincere
employees
æ pnsecurity
æ igher cost of production
æ ccidents
æ ore paper work
æ oor quality
p pm
pndividual ?roup
ncentive ncentive
Plans Plans
pndividual
ncentive
Plan
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æ otivation
æ pnnovation
æ osters team-work
æ mharing of rewards
æ esser supervision
æ
eterioration of quality
æ verwork
æ eglect of safety measures
æ ivalry
æ ension Schemes.
æ ersonal security.
æ inancial assistance.
æ ersonal needs.
æ ompany cars and petrol.
æ ther benefits.
æ pntangible benefits.
æ ccording to TERT 6L L6R
6RG ST 6, employee welfare is
described as ³ to include such services ,
facilities and amenities as may be established
in or in the vicinity of undertakings to enable
the persons employed in them to perform their
work in healthy, congenial surrounding and to
provide them with amenities conducive to
good health and high morale.´