Managing Diversity

People often take the meaning of diversity in terms of race, gender, ethnicity etc, but the truth is that diversity has a much broader scope than that. Diversity is mainly related to the different kinds of human qualities that are present in each of us but vary on...

Performance Management

Performance management encompasses two different categories of management. In one category the performance of the company is analyzed as whole, on the other hand the employee’s performance is analyzed, or in more explanatory terms an analyst views the complete...

Teamwork

Teamwork is a shared action by two or more people, this action requires each person to contribute different skills and perform different tasks for the unity and effectiveness of the group so that common goals or mission can be achieved. However this does not mean that...

Outsourcing

Outsourcing is mainly a process where one company contracts some of its work to another company. In other terms, one company contracts another company to provide services that might otherwise be carried out by internal employees of the company. A very easy example is...

360 Degree Appraisal

The 360 degree appraisal or 360 feedbacks is generally known as the “multi-rater feedback,” “multi-source feedback” or the “multi-source assessment.” This feedback comes back to the employee from all around, whether it’s from his/her peers, subordinates manager or...

Functions of Human Resource Management

Human resource management has become an essential part of every business today, especially in an economy where there is an abrupt increase in the service-based industry; human resource management has become an important feature for businesses everywhere, since it is...