Human Resource

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)

Job enlargement and job enrichment are both used as techniques for employee motivation and satisfaction. However, they differ a lot from each other. The critical difference is job enlargement is a horizontal expansion of duties and tasks across the same organizational level, whereas job enrichment is the vertical expansion of the roles, responsibilities, authority and … [Read more...] about Job Enlargement Vs Job Enrichment

The critical difference between job description and job specification is that; former is the summary of all the task, role and responsibilities specifying what the company is offering to the candidate. Whereas, the latter is an overview of all the attributes, experience and qualification which the company is looking for in a candidate to pursue the job. Job description and … [Read more...] about Job Description Vs Job Specification

Definition: Sources of Recruitment can be viewed as various means of connecting the job seekers to the organisation which have suitable job openings. In simple words, it serves as a medium for communicating or advertising the vacant positions in the organisation to get a response from the prospective candidates. The recruiters have to be very careful while selecting any … [Read more...] about Sources of Recruitment