Workers Profit Participation Fund (WPPF) – Definition and Meaning. The labor law requires a company to pay five percent (5%) of its Net Profit to the Workers Profit Participation Fund, Welfare Fund, and Bangladesh Worker’s Welfare Foundation Fund at the ratio of 80:10:10. The payment must be made no later than nine (9) months of the close of every year. However, the … [Read more...] about Workers Profit Participation Fund (WPPF) – Definition and Meaning
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How to Effectively Answer Interview Questions
How to Effectively Answer Interview Questions. One of the most commonly asked questions during job interviews is "Tell me about yourself." The human resource officer will ask you this because they don't know you and would like to know more about you. If you did your previous research, this is the time to shine. You should have researched the company and the job vacancy. This is … [Read more...] about How to Effectively Answer Interview Questions
What Is Human Resource Inventory?
What Is Human Resource Inventory? The term ‘inventory‘ is often used in relation to the counting of tangible objects like raw materials, goods in progress, or finished products, etc. In manpower inventory, the items are intangible. Human Resource Inventory, It is also known as the skills inventory comprehensively lists down the basic information on all the employees, like their … [Read more...] about What Is Human Resource Inventory?
What Is 360-Degree Feedback?
What is 360-degree feedback? 360-degree feedback also called just 360 feedback. 360-degree feedback is an appraisal system that accumulated feedback on an individual from different sources who know him/her. Basically, these might be colleagues, direct reports, and customers. An appraisal made by top management, immediate superiors, peers, subordinates, self, and customers … [Read more...] about What Is 360-Degree Feedback?
What is Human Resource Management?
What is Human Resource Management? HRM is the part of the organization that is concerned with the 'people' dimension. HRM deals with human relations of an organization starting from recruitment to Labor relations. HRM is concerned with the people dimension of management. It is a process of acquisition, development, motivation, and maintenance of the human resources of an … [Read more...] about What is Human Resource Management?
4 Major Functions of Human Resource Management
4 Major Functions of Human Resource Management. Human resource function refers to those tasks and duties performed in both large and small organizations to provide for and coordinate human resources. Human resource functions are concerned with a variety of activities that significantly influence all areas of an organization, and include followings 4 major functions of human … [Read more...] about 4 Major Functions of Human Resource Management
Human Resource Management Questions and Answers
Human Resource Management Questions and Answers. Here, we accumulated chapter wise important questions. These questions are might be helpful for any exams related to HRM. Introduction of Human Resource Management Recruitment Selection Training and Development Retention and Motivation Developing and Implementing Strategic HRM Plans Employee … [Read more...] about Human Resource Management Questions and Answers
5 Best Ways to Cultivate Company Culture in Growing Businesses
5 Best Ways to Cultivate Company Culture in Growing Businesses. Culture is just defined because of the way of life of a gaggle of individuals. Company culture comes down to define the set of corporate values that minimizes the amount of politics within a business. It defines behavior like the way customers are to be addressed, the means by which … [Read more...] about 5 Best Ways to Cultivate Company Culture in Growing Businesses
Should You Invest During COVID 19 – What To Consider
Should You Invest During COVID 19 - What To Consider. While the market has been rising since the beginning of spring, many investors are still on the fence. The novel coronavirus continues to spread, and many communities and companies are partially shut down. It’s easy to see why market optimism can go sideways so quickly under these conditions. If you are new to all of … [Read more...] about Should You Invest During COVID 19 – What To Consider
5 Business Laws that Ensure your Business is Legal in the USA
5 Business Laws that Ensure your Business is Legal in the USA: If you are looking forward to setting up a business in the USA, you might want to do research. By that I mean, research related to all the federal and business laws that you would be required to comply with. Although a lot of other sorts of research goes into setting up a unique business but doing groundwork on laws … [Read more...] about 5 Business Laws that Ensure your Business is Legal in the USA