Frictional Unemployment


Frictional Unemployment : This is unemployment of a temporary nature. It relates to a situation such as persons moving from one job to another. Gain sharing/Payment by Results: A plan or scheme which links worker income to performance in accordance with some predetermined set of rules (a formula). Gain sharing is a productivity- centred concept. Some widely-used gain sharing plans are the Impro Share, Scanlon, Multi-factor and Rucker
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