Quick Ratio or Acid Test Ratio

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...

Employee Relations

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 Rewards

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;...

Job Analysis

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...

SHRM – Strategic Human Resource Management

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...