HRM is a strategic approach of managing the most valuable assets of any Organization, most important asset of any organization are those individuals who contribute or work for achieving the business objectives set by organizations. There are different terms which replaced HRM with the passage of time in managing the peoples in an organization i.e. [...]
Employee training and development is part of the field of human resource management. It is concerned with activities related to the management of an organization, its aim is to better the performance of groups and individuals in an organizational setting. Employee training and development is known by many names, including human resource development, employee development [...]
Working capital or net working determine the operational efficiency and ability of the company to pay its short term obligation. The value of working capital is equal to current assets minus current liabilities as mentioned below.
Working Capital or Net Working Capital = Current Assets – Current Liabilities
Increase in working capital value show positive indication [...]
A quick ratio or acid ratio determine the company ability to meet its short term obligation by converting current assets into cash at short period of time of one month. The need of quick ratio arise to measure the liquidity of the company more accurately by eliminating the some current assets from current assets as [...]
The term employee relations was actually conceived as a replacement for the term industrial relations, but its exact meaning in today’s workplace needs to be clarified. “Employee relations basically involves the body of work concerned with maintaining employee-employer relation, which contributes to satisfactory productivity, increase in employee morale and motivation.” So, in essence employee relation [...]
Recognition and rewards are powerful tools of motivation and performance improvement in employees. Rewards can be of two different kinds, monetary and non-monetary. Monetary awards have known to bring about more motivation in employees than non-monetary awards; however recent studies beg to differ. Rewards and recognition usually have direct cost associated to them, for instance [...]
Job analysis is the process which uses a variety of methods to analyze the requirements of a job. It identifies and determines in detail specific duties in a particular job, its requirements and the relative importance of these duties for it. One of the important concepts about job analysis is that, the analysis conducted is [...]
Strategic human resource management or SHRM is a branch of HRM. It emerged from the discipline of human resource management and is a fairly new field. Strategic HRM is defined as “the linking of human resources with strategic goals and objectives in order to improve business performance and develop organizational culture that foster innovation and [...]
Recruitment refers to the process of finding candidates for a particular cause mainly jobs, army. It involves selecting and screening qualified persons for a particular job at an organization. Large sized organizations usually use professional recruiting companies or outsource the process of recruiting candidates for them. These candidates are selected on the basis of interviews [...]
Selection is a procedure where the most suitable candidate is chosen for a particular job, from amongst the available list of applicants that have applied for the job. It is a process determining the experience, skill, qualification and knowledge of an applicant with the intention of ascertaining his/her suitability for the job. Selection takes place [...]