Why is human capital management important in organizations ? Who do you think are the most valuable resource in an organization ? Employees. Individuals who spend maximum part of their day contributing towards the success of an organization are its most crucial resource. Employees can either make or break an organization, truly making them an […]
What is Human Capital Management ? Human Capital management refers to the management of employees, hiring right employees, training them, upgrading their skills, utilizing their knowledge to the fullest, eventually benefitting the organization. Human management refers to managing employees for them to contribute effectively towards the organization. Let us go through the benefits of human […]
Most candidates in the job interview are posed interview questions on their ability to manage through systems. It is the potential to design practices, processes, and procedures which allow managing from a distance. Along with this, the candidate should be comfortable letting things manage themselves without intervening. They should also have the potential to make […]
HR Metrics and Workforce analysis is a useful strategic tool for HR which shares information and evidences about the functioning of the entire system by relying on facts and figures, as opposed to mere assumptions or personal opinions. Over a period of time, the HR Metrics has evolved with the usage of more quantitative and […]
Social Media and Access to Personal Information With the advent of Social Media sites such as Facebook, Twitter, Instagram, and others, many people post so much personal information about themselves that anybody who can access their public profiles can get to know a lot about them. Indeed, with an estimated one Billion people on Facebook, […]
In the contemporary scenario of modernization and globalization, organizations heavily rely upon technological advancement and innovation in the field of Information Technology. Advancements in the field of IT has opened up newer avenues for the organizations and provided a competitive advantage by using innovative and customized solutions. It has become an integral part of the […]
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 […]
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 […]
