notes on payment of gratiuity act 1972, Gratuity Disputes, recovery, procedure, nomination etc

payment of gratiuity act 1972:-

What is gratuity ? ?

When an employee retires, he is give some gratuitous payment, it is called gratuity. Payment of gratuity is compulsory for some organisations,when the employee completes at least 5 years of service. Gratuity is calculated using a formula : 15/26 * number of years worked.

(here number of years will be rounded off so 12 years 8 months become 13 years,12 Y. 2 months become 12).

Applicability

• Every factory, mine, oil plantation, port and railway company

• Every shop or establishment – if it employs 10 or more persons in the preceding 1 year.

• To any other establishment – employing 10 or more persons.
  

notes on compensation management and its objective with diagram

COMPENSATION:-

• Compensation is payment in the form of hourly wages or annual salary combined with benefits such as insurance, vacation, stock options, etc. that can positively or negatively affect an employee's work performance.

TYPES OF COMPENSATION MANAGEMENT:-

• There are two types of compensation management:-

1. Direct compensation
2. Indirect compensation

notes on labour law, the industrial employment(standing orders)act 1946, Industrial Disputes act

LABOUR LAW

• Labour Law is the body of laws, administrative rulings, and precedents which address the relationship between and among employers, employees, and labor organizations, often dealing with issues of public law”.
• Labour Laws harmonize many angles of the relationship between trade unions, employers and employees.
• The final goal of labour law is to bring both the employer and the employee on the same level, thereby mitigating the differences between the two ever-warring groups.
  

notes on job JOB ENLARGEMENT, JOB ANALYSIS, JOB DESIGN

JOB ENLARGEMENT

• Job enlargement is a general term for anything that increases the scope (overall impression of the business) of a job.

• In conclusion job enlargement is used in big companies which need to produce large amount of goods, using repetition. For this is needed high amount of unskilled employees, these employees often get bored so they must be motivated with new different tasks.
  

JOB ANALYSIS
* Job Analysis is the process of determining and recording all the pertinent information about a specific job, including the tasks involved, the knowledge and skill set required to perform the job, the responsibilities attached to the job and the abilities required to perform the job successfully.
* Job Analysis differentiates one job from another.

short notes on worker participation in management, objectives, importance, methods and workers participation on qulity work life

Concept Of Workers participation in Management

The technique of the workers participation in management is apowerful behavioural tool for managing the industrial relations system.


According to davis  "it is mental and emotional involvement of a person in a groupsituation which encourages him to contribute to Goals and share responsibilities with them. "

• The participation enhances employees ability to influencedecisionmaking at Different level of hierachy with concomitantassumptionof responsibility.
  

• the decision making at these different levels would assumeDifferent patterns in regard to policy formulation & execution

short notes on Scale, economies of scale, diseconomies of scale with the help of diagram

What is scale:-

• By scale of an enterprise or size of a plant we mean the amount of investment in fixed factors of production
• Costs of production are lower in larger plants than in smaller ones
• This is due to economies of large-scale production
• The term ‘economies’ refers to cost advantages
• When these economies are over-exploited the result may be cost disadvantages, i.e. diseconomies .

short notes on Demand forecasting, types, ways, purpose, objective, importance and methods with the help of diagram

Demand forecasting:-

• refers to the predictionor estimation of a future situation under given constraints.
• Stuff Forecasting is the process of estimation in unknown situations and Prediction.
• Demand forecasting is the activity of estimating the quantity of a product orservice that consumers will purchase.
• Forecasting customer demand for products and services is a proactive process of determining what products are needed where, when, and in what quantities. Consequently, demand forecasting is a customer–focused activity.
• Demand forecasting is also the foundation of a company’s entire logistics process. It supports other planning activities such as capacity planning, inventory planning, and even overall business planning.