10 Reasons online HR Certifications are Great. In recent years, there has been an increased need for HR credentials among HR professionals. The increasing competition among all the professionals has made it necessary for applicants to strive for the best and secure the top position among all other competitors. HR certifications in today’s era are therefore designed to help … [Read more...] about 10 Reasons online HR Certifications are Great
Human Resource Management
How does Profit sharing work?
How does Profit sharing work? Incentive Plans: Profit Sharing. An incentive-based compensation program to award employees a percentage of the company's profits. The company contributes a portion of its pre-tax profits to a pool that will be distributed among eligible employees. The amount distributed to each employee may be weighted by the employee's base salary so that … [Read more...] about How does Profit sharing work?
Impact of compensation and benefits on employee performance
Impact of compensation and benefits on employee performance The impact of compensation and benefits on employee performance and organizational effectiveness depends on the existing compensation and performance management programs at an individual company. Typically, most employees respond to increases in pay and benefits with a positive and more productive attitude. … [Read more...] about Impact of compensation and benefits on employee performance
Meaning of Compensation Management
Meaning of Compensation Management. Compensation is the remuneration received by an employee in return for his/her contribution to the organization. It is an organized practice that involves balancing the work-employee relation by providing monetary and non-monetary benefits to employees. Meaning of Compensation Management According to Bangladesh Labor Act 2006-” Wages … [Read more...] about Meaning of Compensation Management
How to Choose the Right Recruitment Agency
How to Choose the Right Recruitment Agency. Choosing the Right Recruitment Agency is not a childish task. You have to give utmost importance to the process so that you shall reap a lot of benefits. Staffing for your company should be talented and professional in all aspects. So, hire a meticulous and versatile recruitment agency meeting your demand exactly. Be mindful and … [Read more...] about How to Choose the Right Recruitment Agency
What Is Profit Sharing and How Does It Work?
What Is Profit Sharing and How Does It Work? Incentive Plans: Profit Sharing: An incentive-based compensation program to award employees a percentage of the company's profits. Profit sharing is a type of pre-tax contribution plan for employees that gives workers a certain amount of a company’s profits. The profit-sharing payments depend on … [Read more...] about What Is Profit Sharing and How Does It Work?
Impact of Compensation on Employee Performance
Impact of Compensation on Employee Performance. The impact of compensation and benefits on employee performance and organizational effectiveness depends on the existing compensation and performance management programs at an individual company. Typically, most employees respond to increases in pay and benefits with a positive and more productive attitude. However, the … [Read more...] about Impact of Compensation on Employee Performance
Small Business HR: Lessons Learnt During the COVID-19 Pandemic
Small Business HR: Lessons Learnt During the COVID-19 Pandemic. The COVID-19 pandemic has caused unprecedented economic upheaval. Millions of small businesses had to either suspend operations indefinitely or take on huge losses as the demand plummeted. Businesses that have survived the worst as well as others that have shut permanently have numerous lessons to share. As we … [Read more...] about Small Business HR: Lessons Learnt During the COVID-19 Pandemic
SMART Definition and Meaning
SMART Definition and Meaning. As we know, Management by objectives (MBO) aims to increase organizational performance by aligning goals and subordinate objectives throughout the organization OBJECTIVE SETTING. For the establishment of any objectives should be set using the Specific, Measurable/Measurement, Achievable, Relevant, Time-Oriented >>> SMART philosophy. SMART … [Read more...] about SMART Definition and Meaning
Human Resources Are The Life Blood Of An Organization – Explain.
Human Resources Are The Life Blood Of An Organization. Human resources (HR) are considered as the lifeblood for any organization because it keeps them alive and helps to flourish. According to Becker and Husield (1998), human resource is one of the sources of competitive advantage for any business. Values, attitudes, opinion, and behavior which form these resources, have an … [Read more...] about Human Resources Are The Life Blood Of An Organization – Explain.