Methods of Human Resource Accounting
4 methods of human resource accounting are 1. Historical Cost Method 2. Replacement Cost Method 3. Present and Economic Value Method 3. Asset Multiplier Method
What is Human Resource Accounting (HRA)? Objectives, Advantages
Human Resource Accounting
Human Resource Accounting is about identifying and measuring data of human resources. It is used to develop a financial assessment of people in the organization during a particular time period. It is also about evaluating the economic result of investment in people.
Type of Problems in Performance Appraisal
There are various problems and challenges faced in Performance appraisal. Broadly, problems in performance appraisal are categorized into 4 types: 1. Judgment Error 2. Inappropriate appraisal methods and forms 3. Lack of training 4. Ineffective implementation
What is Human Resource Management? (HRM) Nature, Scope, Objectives
Human resource management (HRM) is the process of acquiring, training, appraising, and compensating employees, and of attending to their labour relations, health and safety, and fairness concerns.
What is Performance Appraisal? Definition, Methods, Objectives, Limitation
What is Performance Appraisal? Performance Appraisal is a formal structured system of measuring and evaluating an employee’s job-related behaviours and outcomes to discover how & why the employee is presently…
Performance Appraisal Process
Definition: Performance Appraisal Process is a well-thought step by step approach of evaluating the performance of the employees. Performance Appraisal Process Below are the performance appraisal process steps that are…
5 Step of Training Process & Systematic Approach
The Training Process consists of well-planned step by step process that should be adopted while deciding a training program.Training is an investment made by an organization with the objective of achieving some desired results.
Importance of Training | Benefit, Need for Training in HRM
Training is a very important tool in all the departments of the business e. g. finance, production, marketing etc. The return on investment in training is huge in terms of higher productivity, enhancing skills of the employees, increasing the motivation levels etc.
Types of Training in HRM & Objectives
What is Training? Training refers to programs and procedures undertaken with an attempt to improve current or future employee performance. Let's now look into types of training. Types of Training…
What is Management by Objectives (MBO)? Process, Advantages, Meaning
Management by Objectives (MBO) is a strategic management technique in which measurable goals are set by a joint effort of senior and subordinate and the contribution of each individual is measured in terms of their accomplishment of the goals.
