Employee Selection Process

Employee Selection Process Selection is a long process, commencing from the preliminary interview of the applicants and ending with the contract of employment. In practice, the process differs among organizations and between two different jobs within the same company. The selection procedure for senior managers will be long-drawn and rigorous, but it is simple and … Read more

Top Reasons to Study Human Resource Management

Benefits of Studying Human Resource Management Human Resources Management involves the effective use of personnel, aimed at improving the organization’s performance. This requires a comprehensive consideration of the individual psychological characteristics and capabilities of people, socio-psychological patterns of interaction of people in the organization, the introduction of psychological and socio-psychological technologies in the management process. … Read more

Groundbreaking HR Advice: 7 Tips Every New HR Professional Must Follow

 7 Tips Every New HR Professional Must Follow A Human Resource professional plays an extremely crucial role in an organization. His/her life revolves around people and managing people. Thus, it goes without saying that the HR professional must be efficient in People skills. Human capital is the most valuable investment of any organization. And as … Read more

Causes of Industrial Disputes

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

Human Resource Management(HRM) Evaluation Approaches

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

Methods of Settlement of Disputes

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 of Employee From Organization

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 Industrial Relations

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

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

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

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

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

Types of Incentive Schemes

Types of Incentive Schemes Incentives schemes are many and varied. The International Labour Organization (ILO) classifies all the schemes of payment by results into four categories. They are: Incomes Varying in Proportion to Output The chief characteristic of the schemes where incomes vary in proportion to output is that any gains or losses resulting directly … Read more

Methods of Job Evaluation

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 and Purpose of Orientation?

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