Everything you need to know about the process of recruitment. Recruitment process involves acquisition of work force. Recruitment process begins with identification of vacancy in the organisation after which different steps are undertaken to fill up the vacant position. According to Famularo, "personnel recruitment process involves five elements, viz., a recruitment policy, a recruitment organisation, a forecast of manpower, the [...]
Compensation Administration is a strategic management tool of compensation management and HR management to match productivity with cost of labour and employees to get satisfaction of their worth and values. Compensation Administration then fulfils the objectives of both the employers and the employees. Compensation administration refers to the tasks of compensation managers in designing and implementing a pay program. Taking [...]
Succession planning is "the process of ensuring a suitable supply of successors for current and future senior jobs arising from business strategy so that the careers of individuals can be planned and managed to optimise the organisations' needs and individuals' aspirations". The growth and development of an organisation requires a succession of people to fill various important positions in the [...]