✏ Table of Content : Human Capital Management Meaning Human Capital Management Definition Objectives of HCM Human Capital Management Software HCM Strategy HCM Examples Advantages of HCM Disadvantages of HCM What is Human Capital Management ? Human Capital Management (HCM) is a comprehensive approach to managing an organization’s workforce, recognizing that employees are valuable assets … Read more
Contents : Meaning and Definition of Human Capital Elements of Human Capital Types of Human Capital Basis to Evaluate Human Capital Ways to Increase Human Capital Measuring the Value of Human Capital Models of Human Capital Importance of Human Capital What is Human Capital ? Meaning and Definition of Human Capital : A.W. Lewis introduced … Read more
What is Human Resource Accounting (HRA) ? Human resource accounting is the measurement of cost and value of the people for the organisation. Human resource accounting can be defined as a system of accounting which consider human resources as an asset and all the financial expenses on human resources such as wages, salary, training etc. are … Read more
Contents – Meaning and Definition of Balanced Scorecard. Balanced Scorecard Framework / Four Perspectives of Balanced Scorecard. Process of Balance Scorecard. Balanced Scorecard in Human Resource Accounting. Advantages and Disadvantages of Balanced Scorecard. What is Balanced Scorecard ? Balanced scorecard system provides feedback on internal since processes and external outcome to continuously improve organisational performance … Read more
What is HR Software ? Every business requires some kind of accounting system to manage expenses and determine profitability. As with HR software, businesses can generally benefit from automating accounting systems as opposed to using manual paper systems or spreadsheets. While most businesses kept accounting systems and HR systems separate in the past, many businesses … Read more
Contents – Introduction of Human Capital Investment. Areas of Investment in Human Capital. Need / Importance of Investment in Human Capital. Strategies of Human Capital Investment. Human Capital and Productivity. Rate of Return on Human Capital Investment. Benefits and Limitations of ROI in Human Capital Investment. What is Human Capital Investment ? Human capital investment … Read more
Contents : Meaning and Definition of Human Resource Audit Characteristics of HR Audit Objectives of HR Audit Types of HR Audit Approaches to HR Audit Process of HR Audit Benefits and Limitations of HR Audit What is a Human Resources Audit ? Every organisation needs a technique by which it can check the different activities and outcomes … Read more
What is Incentives ? Incentives are the monetary benefits which are paid to workers as a reward of their excellent performance. Incentives are also known as payments by results. Incentives are different from wage and in the sense that they differ for every individual based on his performance; while wage and salary is fixed, irrespective … Read more
What is Wage Boards ? Wage Boards have a long history in the Indian industrial relations systems. As early as 1931 the Royal Commission on Labour recommended the setting-up of Wage Boards for determination of wages. It was envisaged in the First Five Year Plan that permanent. Wage Boards with a tripartite composition should be … Read more
What is Voluntary Retirement Scheme ? Voluntary Retirement Scheme (VRS) can be defined as a method used to reduce the present workforce of the company. In this method, the employee is persuaded to voluntarily retire from the organization. It is also called as “Golden Handshake“. Generally, the employees who have attained the age of 40 are … Read more