Human Resource Planning (HRP) is the process of forecasting the future human resource requirements of the organization and determining as to how the existing human resource capacity of the organization can be utilized to fulfill these requirements. It, thus, focuses on the basic economic concept of demand and supply in context to the human resource […]
A Job can be described as a group of tasks which is assigned to the individual employees for ensuring achievement of the organizational goals. When this job is analyzed in terms of determination of the skills, duties and knowledge required for completion of tasks, it is regarded as Job analysis. In the words of Geisler […]
What is a Minimum Wage and Why is it so Contentious? Many of us would be familiar with the term Minimum Wage which is often argued as being necessary by labor union activists and worker federations. However, how many of us would know that this concept of a Minimum Wage is highly contentious not only […]
Nonexistent Rules in the Informal Economy The informal economy operates in a very different way from the formal economy. Whereas the latter is structured and governed by laws and regulations, the former operates pretty much on the rules made by individual players and in a “make as you go” manner wherein on the spot rules […]
The Changing Emphasis of HR Decisions Despite the widespread impression that Human Resources is distinct from the other profit generating and economic functions such as Production, Sales, Marketing, and Core Competency driven work, the HR function is indeed driven as much by concerns over hiring and retaining the best talent as well as empowering and […]
The HRCI certification was created to meet the requirements of various HR professionals based on experience and education.
How Productivity and Efficiency are the Root of HR Decision Making Who does not like productive employees who can get the work accomplished in less time than others and hence, be able to take on other tasks? Further, who does not like to be productive especially if they are on contract to a company and […]
The Make or Buy Decision Explained The Make or Buy decision forms the cornerstone of managerial economics wherein the decision to outsource key processes compared to doing them in-house is taken based on the relative benefits and downsides of such decisions. For instance, let us take the example of the current trend among the Western […]
What are Occupational Hazards and how they have Manifested in the Industrial Era? By definition, Occupational Hazards are those casualties, injuries, and accidents that involve workers and professionals in the course of their work. As the name implies, these are hazards that are associated with their workplace lives and hence, are sustained in the course […]
While Pay Disparities are Natural, Biased Pay Systems are not In any organization, it is natural for different employees to be paid differently based on their abilities, seniority, experience, and value that they bring to the organization. Indeed, no organization can afford to pay all employees the same unless it is a Non Profit or […]
