Definition: The Industrial Relations or IR encompasses the relationship between the management and workmen and the role of a regulatory body to resolve any industrial dispute. As the name implies, Industry Relations comprises of two words, Industry, and Relations. Where industry covers the production activity in which the group of workmen is engaged in, while the relations … [Read more...] about Industrial Relations
Selection Process
Definition: The Selection is a process of picking the right candidate with prerequisite qualifications and capabilities to fill the jobs in the organization. The selection process is quite lengthy and complex as it involves a series of steps before making the final selection. The procedure of selection may vary from industry to industry, company to company and even from … [Read more...] about Selection Process
Selection
Definition: The Selection is the process of choosing the most suitable candidate for the vacant position in the organization. In other words, selection means weeding out unsuitable applicants and selecting those individuals with prerequisite qualifications and capabilities to fill the jobs in the organization. Most often, the selection and recruitment are used … [Read more...] about Selection
Alternatives to Recruitment
Definition: The Alternatives to Recruitment are the temporary ways of hiring people for the job position with a view to saving cost incurred in recruiting process and meet the short-term demand for increased work volume. The recruitment is the costly process which includes the salaries of recruiters, cost incurred in advertisements, time spent by the management, cost of … [Read more...] about Alternatives to Recruitment
External Sources of Recruitment
Definition: The External Sources of Recruitment mean hiring people from outside the organization. In other words, seeking applicants from those who are external to the organization. There are several methods for external recruiting. The firm must carefully analyze the vacant positions and then use the method which best fulfills the requirement. Following are the different … [Read more...] about External Sources of Recruitment
Internal Sources of Recruitment
Definition: The Internal Sources of Recruitment mean hiring people from within the organization. In other words, seeking applicants for the job positions from those who are currently employed with the firm. In any organization, following are the most common internal sources of recruitment: Transfer: Transfer means shifting an employee from one job to another, … [Read more...] about Internal Sources of Recruitment
Recruitment Process
Definition: The Recruitment is the process of analyzing the job requirements and then finding the prospective candidates who are then encouraged and stimulated to apply for the job in the organization. The Recruitment programme is designed to attract more and more applicants such that the pool of candidates applies for the job, and the organization has more options to select … [Read more...] about Recruitment Process
Chronic Unemployment
Definition: The Chronic Unemployment means prolonged unemployment in the economy. In other words, chronic unemployment is caused due to the long-term unemployment persisting in the economy. Often, the underdeveloped economies suffer from the chronic unemployment because of one of the following major reasons: Slower Economic Growth: The economy in its slow growth is … [Read more...] about Chronic Unemployment
Disguised Unemployment
Definition: The Disguised Unemployment refers to the work area where surplus manpower is employed out of which some individuals have zero or almost zero marginal productivity such that if they are removed the total level of output remains unchanged. In other words, More workers employed on a single piece of work than actually required is called as the disguised unemployment. … [Read more...] about Disguised Unemployment
Technological Unemployment
Definition: The Technological Unemployment is caused when the individuals lose their jobs due to the technological advancement. Simply, the substitution of manpower with technology results in technological unemployment. It is a form of structural unemployment wherein the structure of the economy changes with the shifts in demand for manpower due to the introduction of new … [Read more...] about Technological Unemployment