What is Human Resource Planning? When a company says that their workers are the essential factors in the growth and success of the business, you need to take such words seriously. Have all the financial resources to run a business, without the right employees; the company might not survive for long. However, human resource planning … Read more
Manpower Planning – Meaning, Need, Importance Manpower planning is also known as human resources planning. Every organization has goals. But to achieve those goals or move the company forward, people with a common interest must come together or must be hired. The number of individuals required to accomplish the said goal also has to available. … Read more
Causes of Industrial Disputes The causes of industrial disputes are many and varied. The major ones related to wages, union rivalry, political interference, unfair labour practices, multiplicity of labour laws, economic slowdown and others. Wage Demands By far, the most important cause for disputes is related to wages. The demand for wages has never been … Read more
Approaches to HR Evaluation There are several approaches to human resource evaluation. The most prominent of them are: audit approach, analytical approach, qualitative and quantitative approach, balanced scorecard perspective, and benchmarking. 1. Audit Approach A human resource management audit is a process of evaluating the effectiveness of the HR function. The HRM audit, as its … Read more
Settlement of Disputes Whatever may be the cause of industrial disputes, the consequences are harmful to all stakeholders-management, employees, economy, and the society. For management, disputes result in loss of production, revenue, profit and even sickness of the plant. Employees would be hard hit as the disputes may lead to lockouts and consequent loss of … Read more
Causes of Separation From Organization Separation occurs when an employee leaves the organization. Why do separation occur? Reasons for employee separations may be voluntary or involuntary. In the former, initiation for separation is taken by employee himself or herself. Where the employer initiates to separate and employee, it becomes involuntary separation. In the latter, the … Read more
Approaches To IR The scenario of Industrial Relations(IR) is perceived differently by different people. For some, Industrial Relations is related to class conflict, others perceive it in terms of mutual co-operation and still others understand it in terms of competing interests of various groups. HR managers are expected to understand these varying approaches because they … Read more
Factors Influencing Employee Remuneration A number of factors influence the remuneration payable to employees. They can be categorized into (i) external and (ii) internal factors. External Factors Factors external to an organization are labour market, cost of living, labour unions, government legislations, the society, and the economy. Labour Market Demand for and supply of labour … Read more
Components of Executive Remuneration For the purpose of remuneration, an executive is considered to be an individual who is in a management position at the highest levels. Specifically, this category includes presidents, vice-presidents, managing directors and general managers. Their remuneration generally comprises five elements. They are: 1. Salary 2. Bonus 3. Commission 4. Long-term incentives … Read more
Devising a Remuneration Plan Any remuneration plan must be understandable, workable and acceptable. The remuneration scheme must have two components- a base rate and the scope for increasing the base rate. The remuneration plan must be determined keeping in mind the requisites and the components. The persons responsible for determining a remuneration plan are advised … Read more
Methods of Performance Appraisal Numerous methods have been devised to measure the quantity and quality of employee’s job performance. Each of the methods could be effective for some purposes, for some organizations. None should be dismissed or accepted as appropriate except as they relate to the particular needs of the organization or of a particular … Read more
Methods of Job Evaluation Job-evaluation methods are of two categories:- a) Analytical Methods Point Ranking Methods Factor Comparison Method b) Non-analytical Methods Ranking Method Job-grading Method Non-analytical Methods Ranking and job-classification methods come under this category because they make no use of detailed job factors. Each job is treated as a whole in determining its … Read more
What is Orientation? Induction, also called orientation is designed to provide a new employee with the information he or she needs to function comfortably and effectively in the organization. It is a planned introduction of new hires to their jobs, their peers and the company. Typically, orientation conveys three types of information – (i) general … Read more
Methods of Collecting Job Data The methods of collecting job-related data are (i) observational method, (ii) interviews, (iii) questionnaire, (iv) checklists, (v) technical conferences, and (vi) diary. A combination of these approaches may be used depending upon the situation and the organization. A brief description of each method is in order. Observation In this method, … Read more
What is Job Design? And Various Factors Affecting Job Design The logical sequence to job analysis is job design. Job analysis provides job-related data as well as the skills and knowledge expected of the incumbent to discharge the job. Job design, then, involves conscious efforts to organize tasks, duties, and responsibilities into a unit of … Read more
