Human Resources Are The Life Blood Of An Organization. Human resources (HR) are considered as the lifeblood for any organization because it keeps them alive and helps to flourish. According to Becker and Husield (1998), human resource is one of the sources of competitive advantage for any business. Values, attitudes, opinion, and behavior which form these resources, have an … [Read more...] about Human Resources Are The Life Blood Of An Organization – Explain.
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Collective Bargaining Process – 16 Step by Step Process
Collective Bargaining Process - 16 Step by Step ProcessDescribe the collective bargaining process.Fig. Collective Bargaining ProcessSec 202- Process of Determination of CBA:Application:Trade Union A applies to the Directors of Labour to do act as CBA and Directors of Labour will write to TRADE UNION B about the intention of TRADE UNION A;Fails to … [Read more...] about Collective Bargaining Process – 16 Step by Step Process
Difference Between Personnel Management and HRM
Difference between personnel management and HRM.Personnel ManagementPersonnel Management is a part of management that deals with the recruitment, hiring, staffing, development, and compensation of the workforce and their relation with the organization to achieve the organizational objectives. The primary functions of personnel management are divided into two … [Read more...] about Difference Between Personnel Management and HRM
What Do You Mean by Collective Bargaining?
What do you mean by collective bargaining? According to Investopedia, Collective bargaining is the process of negotiating the terms of employment between an employer and a group of workers, such as pay and working conditions. The process takes place between company management and a labour union.Collective Bargaining Agent (CBA): in relation to an establishment or group of … [Read more...] about What Do You Mean by Collective Bargaining?
Workers Profit Participation Fund (WPPF) – Definition and Meaning
Workers Profit Participation Fund (WPPF) – Definition and Meaning. The labor law requires a company to pay five percent (5%) of its Net Profit to the Workers Profit Participation Fund, Welfare Fund, and Bangladesh Worker’s Welfare Foundation Fund at the ratio of 80:10:10. The payment must be made no later than nine (9) months of the close of every year.However, the … [Read more...] about Workers Profit Participation Fund (WPPF) – Definition and Meaning
How to Effectively Answer Interview Questions
How to Effectively Answer Interview Questions. One of the most commonly asked questions during job interviews is "Tell me about yourself." The human resource officer will ask you this because they don't know you and would like to know more about you. If you did your previous research, this is the time to shine. You should have researched the company and the job vacancy. This is … [Read more...] about How to Effectively Answer Interview Questions
What Is Human Resource Inventory?
What Is Human Resource Inventory? The term ‘inventory‘ is often used in relation to the counting of tangible objects like raw materials, goods in progress, or finished products, etc. In manpower inventory, the items are intangible. Human Resource Inventory, It is also known as the skills inventory comprehensively lists down the basic information on all the employees, like their … [Read more...] about What Is Human Resource Inventory?
What Is 360-Degree Feedback?
What is 360-degree feedback? 360-degree feedback also called just 360 feedback. 360-degree feedback is an appraisal system that accumulated feedback on an individual from different sources who know him/her. Basically, these might be colleagues, direct reports, and customers.What Is 360-Degree Feedback?An appraisal made by top management, immediate superiors, peers, … [Read more...] about What Is 360-Degree Feedback?
What is Human Resource Management?
What is Human Resource Management? HRM is the part of the organization that is concerned with the 'people' dimension. HRM deals with human relations of an organization starting from recruitment to Labor relations. HRM is concerned with the people dimension of management. It is a process of acquisition, development, motivation, and maintenance of the human resources of an … [Read more...] about What is Human Resource Management?
4 Major Functions of Human Resource Management
4 Major Functions of Human Resource Management. Human resource function refers to those tasks and duties performed in both large and small organizations to provide for and coordinate human resources. Human resource functions are concerned with a variety of activities that significantly influence all areas of an organization, and include followings 4 major functions of human … [Read more...] about 4 Major Functions of Human Resource Management