Human Resource Accounting (HRA) is the process of identifying, and reporting investments made in the human resources of an organization that are presently unaccounted for in the conventional accounting practice. It is an extension of standard accounting principles. Measuring the value of the human resources can assist organizations in accurately documenting their assets. In other […]
Month: November 2021
Features of Human Resource Development
Human Resource Development Human Resource Development is the framework for helping employees develop their skills, knowledge, and abilities, which in turn improves an organization’s effectiveness. Features of Human Resource Development Training And Development Human resource development(HRD) focuses on improving the performance of employees and managers by providing the required training from time to time. It […]
Nature and Scope of Human Resource Development
Meaning of Human Resource Development Human Resource Development is the process of enhancing and developing the skills of human resources. It is a people-oriented process and involves providing education and training to employees at work. This overall process aims at the development of people’s personal and organizational knowledge, skills and competencies. Nature of Human Resource […]
Advantages and Disadvantages of Human Resource Management
Meaning of Human Resource Management Human resource management refers to management of employees working within the organization. It is part of management which aims at maintaining efficient and competent workforce. Human resource management involves wide range of activities such as hiring, training, motivating, fixing compensation, promoting and firing employees. Advantages of Human Resource Management Human […]
Top 10 Key Functions of Human Resource Management (HRM)
Human resource management has a vast array of functions. After all, it is all about dealing with the most complicated creatures on the planet – humans. What Is Human Resource Management? The simple definition: human resource management is how an organisation gets the most out of its human capital. In other words, human resource management […]
SHRM vs. HRCI: HR Certification Conundrum
Today, there are two major players in HR certification: SHRM and HRCI. For decades, the two organizations were one.
Importance of Human Resource Management (HRM)
Human Resource Management is a modern approach to managing people at the workplace to achieve better performance. HR management plays a vital role in maintaining teamwork in an organization and helps bridge the gap between employee performance and the strategic goals of the organization. Objectives and Importance of Human Resource Management What is Human Resource […]
All About Human Resources: Functions and Goals of HR and Scope of HRM
Human resources refer to the set of people working in organizations and department responsible for managing these people through certain methods and strategies that work to raise the performance of employees, solve work problems, and achieve the organization’s desired goals. Human Resources: Functions and Goals of HR and Scope of HRM Human Resources (HR) Human […]
Why is Human Resource Development Important in an Organization?
Human Resource Development (HRD) involves improving the effectiveness of organizations, it provides employees with new skills, knowledge and attitude, improves their performance and growth in an organization and makes them more competent. Why is HRD Important to an Organization? – Difference between HRD and HRM What is Human Resource Development? Human Resource Development (HRD) is […]
Top 10 HR Trends That Will Shape the Future of Work
The Fourth Industrial Revolution brought a lot of change in the human resource industry. Here are the top 10 HR trends that will shape the future of work in 2021, so you can make informed decisions for your organization. 10 Human Resources Trends That Matter Most in the 2021 Workplace Human resource management (HRM) is […]
What is Human Capital Management (HCM)?: Relationship between HRM and HCM
Human capital management is a set of practices and processes related to hiring the right people, managing the workforce effectively and improving productivity. What is Human Capital Management (HCM)? Human Capital Management is the set of practices, concepts and processes implemented in organizations to manage productivity and employee satisfaction in the work environment. In any […]
5 Key Functions of Human Capital Management (HCM)
Human capital management (HCM) provides an overall strategy to guide talent acquisition, recruitment, employee training and development, performance appraisal, and feedback. What is the Role of Human Capital Management in an Organization? Human Capital Management primarily focuses on core administrative HR functions and transforms the traditional administrative functions of human resource management – HR planning, […]