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Key approaches, methods and techniques to improve productivity

Wages and salaries– How much a person is paid to do a job.can be measured weekly, monthly, or annually. Standard wage or salary encourage to employee for increasing productivity.

Training and education– Training motivates employee to retain their knowledge and gather new concept. Higher education facilities developed employee’s skills.

Reward system- Reward means procedures, rules, and standards associated with allocation of benefits and compensation to employees. Reward always encourage for employees’ productivity.

Incentive plans- Incentive plans, which are known as performance incentive plans, motivate employees to exceed expectations and grow the business. According to pay people to do your homework experts such plans promote exceptional behavior during a specific period. Different types of incentive plans- Stock Options, profit sharing, performance units, Bonus pay.

Participation – Participation is a practice whereby the employees have a role in management of a company. Participation of any task ensures employees responsibilities.

Motivation to higher productivity- Motivation is the driving force by which humans achieve their goals. Top level managements motivation helps to increase labor productivity.

Co-operation- Co-Operation is the process of working or acting together, willingness to cooperate, to help out or get involved, including others, encouraging, sharing, and working together.

Organization development- According to answer finder organizational developments helps to increase organizational brand value and employee will motivated when feel the part of a good organization.

Suggestion systems- Suggestion systems means Method by which the ideas and suggestions of the employees are communicated upward through the management hierarchy.

Career planning- Career planning means Structured exercise undertaken to identify one’s objectives, marketable skills, strengths, and weaknesses, etc. As a part of one’s career management skills.

Lower Turnover- Turnover reduction always positive for organizational development and increase productivity. According to computer science homework help if organization giving promiosing career to employee then turnover reduce.

Job security- Assurance of job security that an employee has about the continuity of gainful employment for his or her work life. Job security usually arises from the terms of the contract of employment, collective bargaining agreement, or labor legislation that prevents termination, layoffs, and lockouts. It may also be affected by general economic conditions.

Employee Promotion- The advancement of an employee from one job position to another job position that has a higher salary range, a higher level job title, and, often, more and higher level job responsibilities, is called a promotion.

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