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...

Recruitment

Recruitment refers to the process of finding candidates for a particular cause mainly jobs, army. It involves selecting and screening qualified persons for a particular job at an organization. Large sized organizations usually use professional recruiting companies or...

The Selection Process

Selection is a procedure where the most suitable candidate is chosen for a particular job, from amongst the available list of applicants that have applied for the job. It is a process determining the experience, skill, qualification and knowledge of an applicant with...

What is Depreciation?

Accounting is called the language of business, in which different jargons are used for each concept. Depreciation is one of them and it is the most important concept used in accounting, finance and economics. Depreciation is the process, in which the value of fixed...

Organization Structure

Organization structure is that form organization which is obvious in terms of departments, functions, divisions and also the way people interact and are linked together. Organization structure shows the horizontal links between the top managers and the lower level...

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...

Current Ratio Analysis

The current ratio is very poplar liquidity ratio; it is used to determine the short term liquidity of the company means that enough current assets (Cash, prepaid Insurance, Cash equivalents, Account receivable and Inventory etc) are available with company to meet it...