Human Resource

Definition: Exit interview is a human resource practice carried out by the organization to gain valuable feedback from the employee who is leaving the organization. It is a standard procedure to obtain insights on the company's strengths and weaknesses, as perceived by the leaving employee. In an exit interview, an interviewer can be an HR representative, manager, owner or … [Read more...] about Exit Interview

Definition: A group is the arrangement of the individuals who have something in common, i.e., either they possess a similar trait or falls into the same situation. This association becomes a temporary identity of the individuals who form it. Also, every group has its norms, goals, composition and criteria. There are numerous types of groups which differ from each other … [Read more...] about Types of Groups

Definition: Group dynamics is the analysis of all those factors which contribute to the creation and functioning of a group. It is moreover concerned about the change in psychology or mindset of the individuals while performing in a group. It is a parameter to evaluate the overall performance of a group. Also, it examines the impact of various elements such as group … [Read more...] about Group Dynamics

Definition: Labour turnover can be defined as the overall change in the number of people employed in a business entity during a particular period. It takes into consideration the number of exiting personnel, new joinees and the total number of workers as listed in the payroll at the end of a given period. A high labour turnover rate is considered to be unfavourable for the … [Read more...] about Labour Turnover

Definition: Employee orientation is a systematic approach of an organization to deliver the relevant information to the new hires so that they can efficiently perform the given tasks. The whole-sole purpose behind this induction process is to familiarize and accustom the new employees with the work environment. Example: 'Google' is well known for employee satisfaction. The … [Read more...] about Employee Orientation

Definition: Social loafing refers to a psychological phenomenon which has brought forward a different side of human resource. It states that the employees working in a group, underperform a given task in comparison to their potential, ultimately hindering the group performance. This is because they develop a casual attitude towards the assigned responsibilities by putting in … [Read more...] about Social Loafing

Definition: An industrial dispute can be viewed as friction or disagreement between two or more parties involved, due to the difference in their perceptions, opinions, mindsets, attitudes and values. In an organization, the parties engage in such disputes can be: Employer and employee; employee and employee or; employer and employer. On a massive level, conflicts … [Read more...] about Industrial Disputes

Definition: Industrial relations is that part of human resource management which studies the formal relationship of the workers with the administration and the employers and ensuring a proper mechanism to manage the industrial disputes and conflicts. In the present scenario, the relationship between the employer and the employees have changed to a great extent what it used … [Read more...] about Approaches to Industrial Relations

Definition: Industrial relations is that field of study which analyzes the relationship among the management and the employees of an organization at the workplace and also provides a mechanism to settle down the various industrial disputes. This concept evolved in the late 19th century because of the industrial revolutions. It is made up of the following two … [Read more...] about Industrial Relations

Definition: Management By Objectives (MBO) is the process of setting achievable goals for the managers and employees at all the levels to be accomplished within a stipulated period. It streamlines the plan of action of the workforce and establishes their roles and responsibilities. The concept of MBO was introduced by Peter Drucker in his book 'Practice of Management' in the … [Read more...] about Management By Objectives (MBO)