Business

Definition: The Casual Unemployment is when the worker is employed on a day-to-day basis for a contractual job and have to leave it once the contract terminates. Simply, the inevitable time delay when a worker transits from one job to another due to the expiration of previous job contract is called as the casual unemployment. The casual unemployment is prevalent in … [Read more...] about Casual Unemployment

Definition: The Voluntary Unemployment refers to the situation when the worker deliberately chooses not to work because of a low wage scale or not able to find out the suitable employment for him. In other words, the voluntary unemployment is when the person decides not to participate in the labor market, not because of the unavailability of jobs, but because of not finding … [Read more...] about Voluntary Unemployment

Definition: The Cyclical Unemployment refers to the change in the employment rate due to the change in the economic cycle, such as recession and inflation. Simply, the change in employment due to the fundamental shifts in the economy is called as cyclical unemployment. The economy suffers several ups and downs and has a direct impact on the employment rate. During a … [Read more...] about Cyclical Unemployment

Definition: The Frictional Unemployment also called as Search Unemployment, refers to the time lag between the jobs when an individual is searching for a new job or is switching between the jobs. In other words, an employee requires time for searching a new job or shifting from the existing to a new job, this inevitable time delay causes the frictional unemployment. It is … [Read more...] about Frictional Unemployment

Definition: The Structural Unemployment is the situation when the jobs are available, and also the workers are willing to work, but they don’t have the required job skills to qualify for the vacant positions. In other words, a mismatch between the skills that unemployed workers possess and the skills required to perform a job is called as the structural unemployment. The … [Read more...] about Structural Unemployment

Definition: Unemployment is a situation when a person who is able to work and is actively seeking a job but could not find suitable employment for him/her. In other words, people who are without work despite the continuous search for the employment is called as unemployment. It is measured in terms of the unemployment rate, which is calculated by dividing the total number of … [Read more...] about Types of Unemployment

Definition: The Written Communication refers to the process of conveying a message through the written symbols. In other words, any message exchanged between two or more persons that make use of written words is called as written communication. The written communication is the most common and effective mode of business communication. In any organization, the electronic … [Read more...] about Written Communication

Definition: The Non-Verbal Communication is the process of conveying meaning without the use of words either written or spoken. In other words, any communication made between two or more persons through the use of facial expressions, hand movements, body language, postures, and gestures is called as non-verbal communication. The Non-Verbal Communication, unlike the verbal … [Read more...] about Non-Verbal Communication

Definition: The Verbal Communication is a type of oral communication wherein the message is transmitted through the spoken words. Here the sender gives words to his feelings, thoughts, ideas and opinions and expresses them in the form of speeches, discussions, presentations, and conversations. The effectiveness of the verbal communication depends on the tone of the speaker, … [Read more...] about Verbal Communication

Definition: The Informal Channel Network or Grapevine Network shows the pattern of the communication, i.e. how the informal communication passes from person to person. Specialists have identified four distinct types of informal communication network, which are listed below: Single Strand Network: Under this communication pattern, the information flows from one person to … [Read more...] about Informal Communication Network