GK
HUMAN RESOURCE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Wage determination is mostly done through tools which are
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Objective
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Subjective
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Both of (a) & (b)
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None of these
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Explanation:
Detailed explanation-1: -In India, there are two methods for the fixation and revision of the minimum wage rate – the Committee Method and the Notification Method. The appropriate government sets up committees and sub-committees. These committees hold enquiries and make recommendations for the fixation and revision of minimum wages.
Detailed explanation-2: -Ability to Pay: Demand and Supply: Prevailing Market Rates: Cost of Living: Bargaining of Trade Unions: Productivity: Government Regulations: Cost of Training:
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