. . . . . . . . management consists of formulation and implementation of policies and programmes related to wages, salary, and other forms of employees compensation.

A condition of stagnating in one's current job is called

A. Mid-career crisis

B. Plateauing

C. Reality shock

D. None of these

Which of the following department of an organisation performs the managerial function of matching organisational needs with the skills & abilities of the employees?

A. Finance department

B. Marketing department

C. Production department

D. Human Resource department

Treating employees as precious human resources is the basis of the . . . . . . . . approach.

A. Hard HRM

B. Soft HRM

C. Medium HRM

D. Utiliarian approach

In a wage system where employee is paid according to output is called:

A. Time rate system

B. Piece rate system

C. Time cum bonus system

D. Piece cum bonus rate system