What is Trade Union?

Over the years, trade unions have emerged as an essential feature of industry in every country. The main reason for their emergence is the failing system and capitalistic society. In all early stage of industrialisation, there was lack of legal protection for workers. The workers felt exploited at the hand of the employers. They joined […]

What is HR Management?

Human resource management includes the set of policies, practices, and programmes designed to maximise both the personal and organisational goals. Human resource management (HRM) is the process of determining human resources needs and then recruiting, selecting, developing, motivating, evaluating, compensating, and scheduling employees to achieve organisational goals. Human resource management is more than hiring and […]

Grievance Procedure

The main benefit of any grievance procedure or system is that it encourages human problems to be brought into the open so that the management can learn about those, and try corrective actions. Many suggest that grievances should be settled on the spot directly and without delay between the supervi­sor or foreman, and the worker. […]

Labour Welfare

Everything you need to know about labour welfare. Labour welfare means “such services, facili­ties and amenities which may be established in, or in the vicinity of, an undertaking to enable the persons employed in them to perform their work in healthy, congenial surroundings and provided with amenities conducive to good health and high morale”. Labour […]

Human Capital

Human capital refers to the stock of competences, knowledge and personality attributes embodied in the ability to perform labour so as to produce economic value. It is the attributes gained by a worker through education and experience. Many early economic theories refer to it simply as workforce, one of three factors of production, and consider […]

Human Resource Accounting

Everything you need to know about human resource accounting. Human assets accounting or human resource accounting (HRA) stands for the process involving the measurement and reporting of the cost and value of people as organizational resources. “Human Resource Accounting (HRA) is basically an information system that tells management what changes are occurring over time to […]

Henri Fayol Principles of Management

Everything you need to know about Henry Fayol’s fourteen principles of management. Henry Fayol has developed a body of principles of management, the father of modern management. Fayol wrote perceptibly on the basis of his practical experience as a manager. Although, he did not develop an integrated theory of management, his principles are surprisingly in […]

Labour Welfare in India

Labour Welfare activities are now not exclu­sively within the jurisdiction of the employers, governments and trade unions. Strictly not with a view to rendering welfare services to workers as defined in the industrial dictionary, a number of service organisations, national and international in character, have come forwarded to uplift the conditions of the toiling masses. […]

What is Performance Appraisal?

Performance appraisal means the systematic evaluation of the performance of an employee by an expert or his immediate superior. Performance appraisal is concerned with determining the differences among the employees working in the organisation. Generally, the evaluation is done by the individual’s immediate superior in the organisation and who is reviewed in turn by his […]

International Human Resource Management

International Human Resource Management (IHRM) involves a set of activities which focus on managing organizational human resources at international level to achieve organizational objectives and attain a competitive advantage at national and international levels. P. V. Morgan defines International Human Resource Management (IHRM) as, “the interplay among three dimensions — human resource activities, types of […]

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