The most efficient classification of retailers can be on the basis of their place of business. The retailer deals in small quantities and his business is usually local in character. Secondly, retail trade always shows tendency towards variety as it has to satisfy innumerable wants of consumers. A specialised retail shop is for approaching specific […]
Corporate Social Responsibility (CSR) is a process with the aim to embrace responsibility for the company’s actions and encourage a positive impact through its activities on the environment, consumers, employees, communities, stakeholders and all other members of the public sphere. ‘It refers to the obligations of businessmen to pursue those policies, to make those decisions, […]
Distribution is all about getting your product/service to the right people at the right time with special consideration for profit and effectiveness. Successful marketing does not end when a business has developed a product/service and has found its appropriate target audience with a view to selling it at the ‘right price’. A distribution channel (also […]
Wages, in the widest sense mean, any economic compensation paid by the employer under some contract to his workers for the services rendered by them. Wages, therefore, include family allowance, relief pay, financial support and other benefits. But, in the narrower sense wages are the price paid for the services of labour in the process […]
Everything you need to know about employee discipline. Discipline is the backbone of any organisation. Employee discipline helps achieve desired goals/objectives. It includes putting things in order ensures conforming to rules and regulations, facilitates control and coordination, counters chaos, confusions and disorder. According to Dr. Spreigel “Discipline is the force that prompts an individual or […]
Salient Features or Characteristics of Collective Bargaining as stressed by eminent authors are:- 1. Collective 2. Strength 3. Flexible 4. Voluntary 5. Continue 6. Dynamic 7. Power Relationship 8. Representation. 9. Bipartite Process 10. Complex 11. Two Party Process 12. Group action 13. Continuous process 14. Industrial democracy at work 15. Not a competitive process […]
Human resource management audit is the systematic examination and evaluation of policies, procedures, and practices to determine the effectiveness of human resource management. The meaning of audit in accounting term is well known where it is defined as the verification of accounting data for determining the accuracy and reliability of accounting statements and reports. From […]
Career planning is the process by which one fixes career goals and lays down the path to these goals. The major focus of career planning is on assisting the employees achieve a better match between personal goals and the opportunities that realistically available in the organisation. Career planning means helping the employees to plan their […]
Personal selling involves selling through a person-to-person communications process. This direct and inter personal communication gives immediate feedback from the receiver. This communication process, known as dyadic communication helps companies to tune the message suitable to the respective buyers. Personal selling often plays an important role in industrial firms. Personal Selling is one of the […]
Employee grievance is one perception regarding unfair treatment he received at his workplace. It is the outcome of improper attention given by the responsible authority to attend the complaints. There can be many topics on which the differences may develop but are relating to the jobs and behaviour of colleagues. If we start counting the […]