Business

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

Definition: The Informal Communication is the casual and unofficial form of communication wherein the information is exchanged spontaneously between two or more persons without conforming the prescribed official rules, processes, system, formalities and chain of command. The informal communications are based on the personal or informal relations such as friends, peers, … [Read more...] about Informal Communication

Definition: The Formal Communication Network shows the pattern of the communication, i.e. the way in which the formal communication is facilitated. There are several types of formal communication networks classified on the basis of the degree to which they are centralized and decentralized. These are: Wheel Network: This is the most centralized forms of a communication … [Read more...] about Formal Communication Network