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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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