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Human Resource

7 Key Steps to Create Strategic Human Resource Management (HRM)

Posted on October 22, 2020October 22, 2020 by fasttrack

Strategic HRM is a method of recruiting talent and then retaining, encouraging, rewarding, and facilitating them so that both the company and the workers are clear winners at the end of the day. In order to understand their priorities, the HR department partners with other departments in the company and then establishes viable plans that…

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Scope of Employee Welfare

Posted on August 18, 2011July 3, 2020 by fasttrack

The scope of employee Welfare cannot be limited, since it differs according to social customs and the degree of industrialization indifferent countries and at different times. They have to be elastic and flexible enough to suit the conditions of the workers, and to include all the essential prerequisites of life and the minimum basic amenities….

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Objectives of Employee Welfare

Posted on August 18, 2011 by fasttrack

Labour Welfare aims at the whole development of the person of the working class. The Labour Welfare Policies of any organization should keep in mind the following objectives: To increase the standard of living of the. Working class: The labourer is more prone to exploitation from the capitalists if there is no standardized way of…

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Non Statutory Welfare Schemes

Posted on August 18, 2011July 3, 2020 by fasttrack

Many Non statutory welfare schemes may include the following schemes: Personal Health Care (Regular medical check-ups): Many businesses have facilities for comprehensive safety inspections Flexi-time: The primary purpose of the flextime program is to provide workers with the ability to work with flexible work schedules. Flexible work schedules are developed by employees and accepted by…

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Statutory Welfare Schemes

Posted on August 18, 2011 by fasttrack

The statutory welfare schemes include the following provisions: Drinking Water: At all the working places safe hygienic drinking water should be provided. Facilities for sitting: In every organization, especially factories, suitable seating arrangements are to be provided. First aid appliances: First aid appliances are to be provided and should be readily assessable so that in…

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Employee Welfare – Its Benefits and Principles

Posted on August 18, 2011July 3, 2020 by fasttrack

The Employee Welfare describes “efforts to provide good work-life at the workplace” “Employee welfare is a descriptive concept that encompasses different programs, incentives, and facilities that workers & employers are provided. The employer makes life worth living for workers through such generous fringe benefits. Welfare includes all that is done to ensure employee comfort and…

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Human Resource Management

Posted on August 15, 2011July 4, 2020 by fasttrack

This article is on HRM or Human Resource Management in an Organization. Employees are the organization’s main assets. HRM or Human Resource Management focuses on hiring, training, managing, analyzing performance appraisal, dispute settlement or grievance handling, and giving direction to the employees of the organization. Human Resource Management role is to tackle grievances related to…

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Define : Grievance

Posted on August 15, 2011July 4, 2020 by fasttrack

Defining a grievance is very difficult. However, personnel experts have tried to differentiate between dissatisfaction, complaint, and grievance. In general, dissatisfaction in any form declared orally between employees is known as a complaint. A grievance is often related to work and is reported to the management’s attention. Often this meaning is changed to include the…

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Need of Grievance Procedure

Posted on August 15, 2011July 4, 2020 by fasttrack

Without an analysis of their nature and pattern, the causes of employee dissatisfaction cannot be removed. The personnel administrator of an organization should go into the details of the grievances and find out the best possible methods of settling them. He should help the top management and the line managers; particularly foreman and supervisors, in…

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Methods of resolving Grievances

Posted on August 15, 2011 by fasttrack

Methods of resolving grievance can be divided in to two parts: Decisional Processes: Binding Decisions Non-Decisional (Collaborative) Processes: Managed Negotiations Decisional Processes: Binding Decisions The dispute resolver makes a ruling, judgment or determination on legal and/or factual issues: Arbitration, Adjudication, Reconciliation & Expert Determination are the methods under the decisional procerss. Expert professional dispute resolvers…

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