Types of Benchmarking

(adsbygoogle = window.adsbygoogle || []).push({}); (adsbygoogle = window.adsbygoogle || []).push({}); Benchmarking can be internal (comparing performance between different groups or teams within an organization) or external ...

Circle of competence

(adsbygoogle = window.adsbygoogle || []).push({}); A circle of competence is the subject area which matches a person’s skills or expertise. The mental model was developed by Warren Buffett and Charlie Munger to describe limiting one’s ...

Principles of insurance

Common law jurisdictions in former members of the British empire, including the United States, Canada, India, South Africa, and Australia ultimately originate with the law of England and Wales. What distinguishes common law jurisdictions from their civil ...

Performance metric

A performance metric measures an organization’s behavior, activities, and performance. It should support a range of stakeholder needs from customers, shareholders to employees. While traditionally many metrics are finance based, inwardly focusing ...

Activities of Human resources

A human resources manager has several functions in a company: =>> Determine needs of the staff. =>> Determine to use temporary staff or hire employees to fill these needs. =>> Recruit and train the best employees. =>> Supervise the work. =>> Manage employee ...

Employee benefits

Employee benefits and benefits in kind (also called fringe benefits, perquisites, or perks) include various types of non-wage compensation provided to employees in addition to their normal wages or salaries. In instances where an employee exchanges (cash) ...

Sexual harassment in the workplace in the United States

Sexual harassment in the workplace has been considered a form of discrimination on the basis of sex in the United States since the mid-1970s. United States law recognizes two forms of sexual harassment: Quid pro quo sexual harassment: an employee is required ...

Internal Sources of Recruitment

1. Promotions: The promotion policy is followed as a motivational technique for the employees who work hard and show good performance. Promotion results in enhancements in pay, position, responsibility and authority. The important requirement for implementation ...

Tips About Recognition and Performance Management

If you attach recognition to real accomplishments and goal accomplishment as negotiated during a performance development designing meeting, you wish to create certain that the popularity meets the above-stated needs. Supervisors should additionally apply ...

On the job training

On-the-job training (sometimes abbreviated OTJ or OJT, and sometimes called direct instruction) is one of the earliest forms of training — observational learning is probably the earliest. It is one-on-one training located at the job site, where someone ...
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