Structured and unstructured interviews are two of the major interview methods. Where the former is carried out by enquiring the candidates through a well-defined set of questions. Although, the latter is based on impromptu questions, going with the flow of conversation. Now, let us understand, what is an interview? An interview is a process of […]
Job Analysis
Definition: Job analysis is a step by step process of gathering, recording and studying the roles, responsibilities, tasks, duties, knowledge and abilities involved in a particular job position. Job analysis is not just framing of the job description and specification, rather it is a rigorous process of deeply understanding a particular job position. Content: Job […]
Intrapreneurship
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 fororganizational growth. An intrapreneur is an intellectual employee of […]
What Is The Purchasing Power Parity (PPP) GDP?
Welcome to the blog! This is the place where you can learn all you need to know about marketing, economics, investments, cryptocurrencies, and trading. We’ll start by explaining what purchasing power parity GDP is and how it’s calculated. We’ll then go on to discuss different ways to compare nations’ PPPs, followed by a discussion of […]
Human Resource Planning (HRP)
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 […]
Moral Suasion
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 […]
Rebranding
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 […]
Furlough vs Layoff
ou 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 […]
Gap Analysis
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 […]
Virtual Banking
Definition: Virtual banking is a financial setup which provides numerous retail banking services through a wireless network using an electronic device. The customers need not be physically present at the concerned bank’s branch to carry out a transaction. For instance; a company employing around 50 personnel disburses salary in their accounts on the first day […]