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Health & Safety of Workers
The life of industrial workers is full of risks and hazards. Every year thousands of workers are injured in factories and mines. The injuries may be caused as …
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Insensitive - Meaning & Types of Insensitives
Insensitive: • Monetary benefits paid to employees for outstanding performance. • Given in addition to wage & salary • Variable pay linked to performan…
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Benefits & Services - Meaning & Types of Benefits
Benefits are membership based rewards offered to all employees regardless of performance. • It should not be expected to motivate employees. • Absence of ade…
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Karsanbhai Patel - Success of Nirma
The Nirma success story of how an Indian Entrepreneur took on the big MNCs and rewrote the rules of business. It was in 1969 that Dr. Karsanbhai Patel started …
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Indian Billionaire Azim Premji - A Man Behind Wipro
Azim Hashim Premji, founder of Wipro Limited, India’s biggest and most competitive IT company based in Bangalore, was born on July 24th 1945 in Bombay. Premji…
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Difference between Job Evaluation & Performance Evaluation
Job Evaluation 1. The job is rated keeping in view such factors as responsibilities, experience, qualifications, skills, working conditions etc required for p…
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Dhirbhai Ambani - An Inspiration
Dhirubhai Ambani achieved what almost everybody would consider impossible. In a life spanning 69 years, he built from scratch India’s largest privately control…
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Stephen Hawking - Theoretical Physicist
- The greatest enemy of knowledge is not ignorance, it is the illusion of knowledge. One of the greatest scientists living on the planet today, Stephen Hawkin…
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Establishing Pay Plans
Pay plan is concerned with assigning a monetary value to each job in the organization. Steps: 1. Job A nalysis: Process of describing the duties of a job, auth…
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Compensation - Meaning, Purpose & Determinants of Compensation Policy
Compensation: Compensation refers to all forms of financial returns, tangible service, and benefits employees receive as part of an employee relationship. -Mi…
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Popular MBA Entrance Exams in India
1. CAT: Common Admission Test by IIMs 2. MAT: Management Aptitude Test by AIMA 3. XAT: MBA Entrance Test by XLRI Jamshedpur 4. JMET: Joint Management Entra…
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Difference between B.Com (Honours) and B.Com (Pass)
A number of students get confused after their class 12th result, whether to opt for B com - Honours or B com - Pass. and why is it that the cut-off for one B.C…
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Management by Objective (MBO)
MBO is a process that converts organizational objectives in to individual objectives. Steps of Management by Objective (MBO) 1. Goal Setting: Generally super…
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Factors that can Distort Appraisals
• Leniency Error: Every evaluator has his or her own value system which acts as a standard against which appraisals are made. Some evaluator mark high and othe…
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Methods of Performance Evaluation
A) Relative Standards: Performance of individuals are compared against other individuals. Major relative standards major are: 1. Individual Ranking: superv…
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Performance Evaluation: Meaning, Purposes, Plans, Process & Uses
Once the employee has been selected, trained & motivated the next step of management is to find out how effective it has been at hiring and placing. The to…
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Career Development
Career development consists of personal improvements undertaken by the individual employee, training, development and educational programs provided by the orga…
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Career Planning: Meaning, Purpose and Process
A career is a sequence of positions occupied by a person during the course of a lifetime. - Decenzo & Robbins Career is a sequence of separate but related …
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