Definition: Human resource planning (HRP) is a systematic approach to ensure the best possible utilization of the company’s manpower. It is an ongoing process of analyzing the organization’s manpower availability, forecasting personnel demand, evaluating the gap and framing relevant strategies. HRP is all about keeping a check over the shortage or surplus of the organizational … Read more
Definition: Rebranding is a marketing strategy adopted by the companies to infuse freshness in the product or the brand. The purpose behind it is to capture the attention of new customers, retain the old ones and maximize profitability. The company can either transform a part of the brand or the whole of it to attain … Read more
You may say that termination is termination, then how can furlough and layoff be distinct from one another? There is a major dissimilarity between these two forms of employee termination. When furlough refers to the dismissal of an employee from the job, for the time being, a layoff is usually a lifetime suspension of any … Read more
Definition: PESTLE Analysis is a study that takes into consideration the six crucial factors of macro environment, namely Political, Economic, Social, Technological, Legal and Environmental for determining the gap in business operations. It is an excellent analytical tool used for strategic decision making and gap analysis by the companies. With this one strategical move, the … Read more
Definition: Gap analysis is a means of attaining the aspired goals by figuring out the changes required to meet the difference between the present and future state of an organization, process or operations. In other words, it simply states the course of action required for meeting the desired standards or benchmark. A gap in general … Read more
Definition: Asset Liability Management (ALM) is a strategic framework that emphasizes on settling the liabilities through the company’s cash flow and assets to avoid any sort of penalty or interest on delayed payments or non-repayments of such debts. It ensures stability, higher gain, liquidity, better return to shareholders, proper fund allocation and lower risk of … Read more
Definition: Retail banking is a financial segment that caters the requirements of individuals as customers, majorly comprising of the low-income groups of the society. It facilitates the common people to make deposits, avail credit and get their funds managed systematically. Personal banking deals in a huge volume of financial transactions although these are of small … Read more
Definition: Social loafing is a human resource loophole that signifies the adverse mentality of a minority of individuals in an organization. Social loafers deliberately under-perform a given task by not exhibiting their highest potential while working in a team. Some are the free-riders who are social loafers from the very beginning. While the others are … Read more
Definition: Management By Objectives (MBO) is a participative approach whereby the management and the employees collaboratively frame the short-term and long-term business objectives with a deadline, by actively centralizing the key result areas (KRA). Also, every individual in support of the management determines his/her targets, tasks, roles, responsibilities, obligations and accountability. MBO so sets a … Read more
Definition: A moral suasion is an influential approach through which the central bank appeals, advise, pressurize and convince the commercial banks from acting or refraining to act in a certain demeanour. It is often mistaken as a legal action however, it is just a persuasive move whereby general interaction is carried out. Being a combination … Read more