Business Jargons

The objective of Human Resource Planning is to make the organization reach the desired manpower position from the current manpower position, by forecasting the demand for and supply of human resources in the near future. There are several benefits of Human resource planning that led its scope to expand across the different business organizations.  Benefits of Human … [Read more...] about Benefits of Human Resource Planning

Definition: The Human Resource Planning is the process of finding the right number of people for the right kind of a job, at a right time and the right place, by forecasting the organization’s demand for and supply of human resources in the near future. In other words, Human Resource Planning is responsible for arranging the right people for the right job from all the … [Read more...] about Human Resource Planning

Definition: The Off-the-Job Training is the training method wherein the workers/employees learn their job roles away from the actual work floor. Simply, off-the-job training comprises of a place specifically allotted for the training purpose that may be near to the actual workplace, where the workers are required to learn the skills and get well equipped with the tools and … [Read more...] about Off-the-Job Training

Definition: The On-the-Job Training is a technique wherein the workers, i.e., operative staff, is given the direct instructions to perform their jobs on the actual work floor. The workers can learn the skills that are required to be performed in the actual work conditions and also gets accustomed to the working environment. Also, the organizations need not to bear any … [Read more...] about On-the-Job Training

Definition: The Sensitivity Training refers to the unorganized meeting held between the group members, generally fewer in number, away from the workplace to gain the insights of their own as well as others behavior. Simply, the sensitivity training means, putting oneself in the other member’s shoes and behaving in a given situation from his point of view. It is the mental … [Read more...] about Sensitivity Training

Definition: The Vestibule Training is one of the methods of training, where the technical staff, especially those who deal with the tools and machinery, are given the job education training in the workplace other than the main production plant. In other words, the Vestibule training is called, "near the job training", which means the simulated setup is established, proximate … [Read more...] about Vestibule Training

Definition: The E-Recruitment, also called as Online Recruitment, is the process of hiring the potential candidates for the vacant job positions, using the electronic resources, particularly the internet. Nowadays, companies make use of the internet to reach a large number of job seekers and hire the best talent for the company at a less cost, as compared to the physical … [Read more...] about E-Recruitment

Definition: The Career Stages refers to the stages of career development that an individual passes through. Basically, there are 5 career stages, which an individual has to undergo during his lifetime. Career Stages   Exploration: The exploration stage is the pre-employment stage, wherein the individuals are in their mid-twenties and enter from their college life … [Read more...] about Career Stages

Definition: The Talent Poaching, also known as the Employee Raiding, is the tactic adopted by the firms to sweep away or raid the experienced employees of the competing firms. In simple words, luring the talented staff of the competitor, generally in the same industry, with an objective to save a training cost and gain the competitive advantage over the competing … [Read more...] about Talent Poaching