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Business Jargons

A Business Encyclopedia

HR

Strategic Human Resource Management

Definition: The concept of Strategic Human Resource Management or SHRM can be well understood in the contrast with the conventional HRM, that shows, in the conventional HRM the responsibility to manage the people-oriented activities rest on the staff specialist in the organization. Whereas in the case of strategic human resource management, any person who is responsible to … [Read more...] about Strategic Human Resource Management

Training Process

Definition: The Training Process comprises of a series of steps that needs to be followed systematically to have an efficient training programme. The Training is a systematic activity performed to modify the skills, attitudes and the behavior of an employee to perform a particular job. Training Process Needs assessment: The first step in the training process is to … [Read more...] about Training Process

Job Evaluation Methods

Definition: The Job Evaluation is the process of assessing the relative worth of the jobs in an organization. The jobs are evaluated on the basis of its content and the complexity involved in its operations and thus, positioned according to its importance. The purpose of the job evaluation is to have a satisfactory wage differential. Job Evaluation Methods There are … [Read more...] about Job Evaluation Methods

Process of Job Analysis

Definition: The Job Analysis is a systematic process of gathering complete information about the job duties and responsibilities required to perform a specific job. The job analysis is concerned only with the job and not with the job holders, but however, the information about the job is gathered from the incumbents. Process of Job Analysis Defining the objectives: The … [Read more...] about Process of Job Analysis

Promotional Training

Definition: The Promotional Training means preparing the potential candidate to handle more duties and responsibilities, thereby making him/her eligible for promotion to higher jobs in the organization. Simply, training given to the efficient workers of an organization who are likely get promoted in the near future. With the promotion, the work and responsibilities get … [Read more...] about Promotional Training

Job Rotation

Definition: Job Rotation is the management technique wherein an employee is shifted from one job role to the other, with the purpose of familiarizing him with all the verticals of an organization. Generally, the management trainees who are a fresher in the business world are shifted to different job positions to make them understand the functions of business more precisely. … [Read more...] about Job Rotation

Internship Training

Definition: Under the Internship Training programme, an educational or a vocational institute enters into an arrangement with the industrial enterprises to provide experiential knowledge to their students. Simply, the training conducted to offer a practical knowledge to the students, lasting for few months, is called as the internship training. These trainings are conducted … [Read more...] about Internship Training

Refresher Training

Definition: The Refresher Training or Retraining is a training programme designed for the old or existing employees of an organization, with a purpose to acquaint them with the new skills, methods, and processes required to improve their performance on the jobs. The Refresher training is based on the assumption that the skills with the existing employees become obsolete or … [Read more...] about Refresher Training

Apprenticeship Training

Definition: The Apprenticeship Training programme is the combination of on-the-job training and the classroom training, wherein the workers earn while learning the skills required for performing the specialized job. Generally, the apprenticeship training is given to the technical staff such as mechanics, electricians, craftsmen, welders, etc. who work under the experts of … [Read more...] about Apprenticeship Training

Induction Training

Definition: The Induction Training is also called as an orientation programme, wherein the new employees are introduced to the rules and regulation of an organization with the objective of making them accustomed to the working environment, where they will be working. The new hires are generally provided with the following information about the organization: General … [Read more...] about Induction Training

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