Everything you need to learn about the types and forms of compensation provided to employees in an organization. Compensation is what employees receive in exchange for the services rendered in an organization. The term 'compensation' refers to all forms of financial returns and tangible benefits that employees receive as part of the employment relationship. In the era of globalization, where [...]
Everything you need to know about the process of human resource planning. Human resource planning (HRP) is the foremost task in human resource management. It enables organisation to have the right person, right number of person for the job, at right place and right time. Human resource planning (HRP) begins with assessment of existing human resources with the organisation and [...]
Everything you need to know about the purpose and objectives of performance appraisal. Performance appraisal has been used as a tool for making decisions in various areas. However, organizations do not take adequate care of how such decisions would affect their strategy and, consequently, achievement of their long-term objectives. The purpose of appraisal system are manifold and diverse. Organizations primarily [...]