HR Strategies

Bonus Plan: Understanding One-Time Performance Payments
A comprehensive look into Bonus Plans, their history, types, key events, explanations, and more. Learn how bonus plans work and their impact on organizations.
Natural Wastage: Proportion of Labour Force Quitting Annually
Natural wastage refers to the proportion of the labour force who quit their jobs each year for reasons other than being sacked by their employer. This includes workers who retire and those who leave for personal reasons, allowing firms to gradually reduce their labour force without the need for redundancies.

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