Definition: Recruitment refers to the process of identifying, screening, shortlisting, and interviewing applicants, and then hiring or selecting them as employees that will perform various duties or roles in an organization. In other words, recruitment is a continuum that involves everything from the identification of applicants to the final selection of staff. Recruiters source candidates … Read more
Cognitive dissonance refers to a mental state of conflict whereby an individual’s behaviour doesn’t go hand in hand with his/her mindset or psychology. This is because an individual’s mind is always stuck between different perceptions, values, beliefs and attitudes. Today, his theory of cognitive dissonance is considered one of the most influential theories in social … Read more
Definition: Maslow’s hierarchy of needs is the phenomena stating that human beings follow a systematic upward order of wants or requirements. The bottom-most level involves physiological necessities while the topmost level is the desire of attaining self-actualization. Thus, at each level of needs fulfilment, human motivation rises. While this theory is old enough, it still … Read more
Definition: Succession planning refers to the process or strategy through which an organization identifies and develops candidates competent to take up the leadership and other positions that the present occupants will vacate in the future due to expected or unexpected reasons like retirement, relocation to other companies, incapacitation, death, etc. These potential replacements can be … Read more
Definition: Job evaluation can be defined as the method for estimating the monetary value of any job position. It takes into consideration the various elements which make a particular job worthful, i.e., the skills, experience, expertise, knowledge and training required for accomplishing the assigned tasks. In other words, we can presume job evaluation as a … Read more
Definition: Intrapreneurship is composed of ‘intra’ and ‘preneurship’; where intra refers to an integral part, preneurship is to take charge of something. Thus, intrapreneurship is a practice of nurturing the entrepreneur that hides within an employee by initiating and turning his/her idea into a real project for organizational growth. An intrapreneur is an intellectual employee … Read more
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
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: 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