Employees are heart and soul of business
Employees are not just a part of a business mechanism but they are the heart and soul of business’s life. They are not just tools to make up a business; they actually keep the business to right track and help move forward. It is impossible to run a business even if best infrastructure is given until and unless someone is working.
Inefficient workers affect the sales of the business, as well as increase the cost of production due to carelessness or lack of incentive. (Myron Curry, n. d). We take a look on HRM basic definition, its responsibilities, and key role in an organization, how it can help employees but still there are some issue, which are too little but too big if not given proper attention.
Getting insight of the matter why the working efficiency of an employee decreased and the minimizing profitability due to this issue, researches found that, lack of compensation, rewards and job analysis. The scope of this paper is to study the reward and compensation affects on employees as well as on the organizations that hire employees and expects maximum productivity from them, and how these policies should be designed, so that they can be applied fully
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