As an Amazon Associate I earn from qualifying purchases.

What is Non Contributory Plan in HRM? PDF Download

Learn Non Contributory Plan definition in hrm with explanation to study “What is Non Contributory Plan”. Study non contributory plan explanation with HRM terms to review HRM course for online MBA programs.

Non Contributory Plan Definition

  • Pension plan in which all the funds for pension benefits are provided by the employer.

    Human Resource Management by Robert L. Mathis, John H. Jackson



Non Contributory Plan Explanation

A noncontributory plan is any annuity plan or other kind of advantage plan that is paid for altogether by the business. Members in the arrangement are not required to make any installments. Managers as often as possible set up disaster protection noncontributory plans for their workers, however the aggregate sum of inclusion will in general be low. Noncontributory plans are most advantageous for low-pay representatives, who may not generally have the option to bear the cost of the related advantages.

Keep Learning HRM Explanations

What is Ranking?

A ranking is a connection between a lot of things to such an extent that, for any two things, the ...

What are Cumulative Trauma Disorders (CTDs)?

A combined injury issue, otherwise called CTD, is characterized as the intemperate mileage on ligaments, muscles and touchy nerve tissue ...

What is Non-Compete Agreements?

A non-compete agreement is an agreement wherein a representative vows not to go into rivalry of any sort with a ...

What is Protected Class?

A secured gathering or ensured class is a gathering of individuals qualified for extraordinary assurance by a law, strategy, or ...

What is Organizational Culture?

Organizational culture includes qualities and practices that add to the remarkable social and mental condition of a business. The hierarchical ...

What are Union Security Provisions?

A union security statement is an arrangement in an association contract requiring representatives, as a state of business, to keep ...