Everything you need to know about labour welfare. Labour welfare relates to taking care of the well-being of workers by employers, trade unions, governmental and non-governmental institutions and agencies. Welfare includes anything that is done for the comfort and improvement of employees and is provided over and above the wages. Welfare helps in keeping the morale and motivation of the [...]
The following points highlight the top three methods of wage payments. The methods are: 1. Time Rate System 2. Piece Rate System 3. Incentive Wage System. Method # 1. Time Rate System: Under this method of wage payment, the workers are paid the wages on the basis of time. In this system of wage payment, the workers are paid the [...]
In this article we will discuss about:- 1. Introduction to Labour Policy 2. Salient Features of Labour Legislation 3. Different Plan Periods & Development 4. Recent Developments. Introduction to Labour Policy: Labour has a vital role in increasing productivity and management has to help create conditions in which workers can make their maximum contribution towards this objective. In free India, [...]