Features of HRM or characteristics or nature

1. HRM involves management functions like planning, organizing, directing and controlling 2. It involves procurement, development, maintenance of human resource 3. It helps to achieve individual, organizational and social objectives 4. HRM is a mighty disciplinary subject. It includes the study of management psychology communication, economics and sociology. 5. It involves team spirit and team … Continue reading Features of HRM or characteristics or nature

Introduction To Industrial Relations

Industrial relations has become one of the most delicate and complex problems of modern industrial society. Industrial progress is impossible without cooperation of labors and harmonious relationships. Therefore, it is in the interest of all to create and maintain good relations between employees (labor) and employers (management). Concept of Industrial Relations: The term 'Industrial Relations' … Continue reading Introduction To Industrial Relations

Safety Committee

It is a group of individuals who provide staff support to the line organization in support of the safety effort. It includes occupational and Industrial safety, system safety, industrial hygiene, health, occupational medicine, environmental safety, fire   protection, reliability, maintainability and quality assurance personnel. Safety committee is constituted to promote safety of employees through mutual co-operation … Continue reading Safety Committee

Collective bargaining

1 Collective Bargaining Collective bargaining is process of joint decision making and basically represents a democratic way of life in industry. Bargaining Form And Tactics A collective bargaining process generally consists of four types of activities- distributive bargaining, integrative bargaining, attitudinal restructuring and intra-organizational bargaining. Distributive bargaining: It involves haggling over the distribution of surplus. … Continue reading Collective bargaining

Organizational Culture

LEARNING OBJECTIVES Upon completion of this chapter, the students should be able to: 1. Define organizational culture. 2. Describe how organizational culture is transmitted. 3. Describe national, regional, and industry determinants of culture. 4. Describe effective organizational cultures. 5. Describe characteristics of high-ethics cultures and multicultural organizations. 6. Identify a cultural change process. 7. Discuss … Continue reading Organizational Culture

Production Possibility Curve/ Frontier – PPC/PPF

The Production Possibility Frontier (PPF) or Production Possibility Curve (PPC) is the graphical expression of both the concepts of scarcity and opportunity cost. It shows the maximum amounts of production that can be obtained by an economy. (Assuming that the technological knowledge and quantity of input is fixed and the economy operates at its’ level … Continue reading Production Possibility Curve/ Frontier – PPC/PPF