Everything you need to know about the functions of trade union. Trade unions are formed to protect and promote the interests of their members. The primary function of trade union is to protect the interests of workers against discrimination and unfair labor practices. A trade union is an organized group of workers. Its main goal […]
Everything you need to know about the types of pricing strategies. Pricing strategies are formulated using pricing policies and after consideration of overall consumer demand, business environment, and competitor’s pricing policies, stages of product life cycle and product mix strategies of the company and other marketing objectives of the company. Companies may adopt different strategies […]
Everything you need to know about the steps involved in performance appraisal process. Performance appraisal is the evaluation process, in which the information is gathered, recorded, measured and analysed relating to the performance of the employees. A set of activities are arranged in a logical sequence to perform the task of evaluation. It includes the […]
Everything you need to know about the traditional methods of performance appraisal. Performance of employees can be evaluated with the help of both traditional and modern methods of appraisal. Appraisal can also be either informal or formal. Informal appraisal is carried out in order to communicate to the subordinates about their performance on a day […]
Everything you need to know about job analysis. Job Analysis is a process to identify and determine in detail the particular job duties and requirements and the relative importance of these duties for a given job. Job Analysis is a process where judgments are made about data collected on a job. Job analysis involves a […]
Everything you need to know about job evaluation methods. Job evaluation is a process used for arriving at reliable estimates of the value and importance of various jobs. Job evaluation is a tool and a technique for evaluation and the ranking of jobs to help an organization to evolve a rational and scientific wage structure. […]
Everything you need to know about the internal and external sources of recruitment. Recruitment is that part of hiring process which matches applicants for jobs with the necessary abilities and attitudes required for the task. The acquisition process cannot be put into operation until suitable candidates are attracted. Recruitment is a process to discover the […]
Everything you need to know about the methods of performance appraisal. Performance appraisal is a formal system that evaluates the quality of a worker’s performance. The appraisal measures skills and accomplishments with reasonable accuracy and uniformity. It provides a way to help identify areas for performance enhancement and to help promote professional growth. Some of […]
Everything you need to know about the process of planning. Planning is deciding in advance what is to be done; it is a projected course of action. To plan is to propose a forward programme for guiding the future affairs of an enterprise. Planning is the opposite of improvising. “It is organised foresight plus corrective […]
Everything you need to know about the process of human resource planning. Human resource planning is a two-phased process by which management can project the future human resource requirements and develop suitable action plans to accommodate the implications of projections. Thus, human resource planning is the process of developing and determining objectives, policies and programs […]