Compensation
Compensation is a systematic approach to providing monetary value to employees in exchange for work performed. Compensation may achieve several purposes assisting in recruitment, job performance, and job satisfaction. Compensation […]
Employee Separation
The termination of employees from membership of the organization is referred as employee separation. The rate at which employees leave the organization is measured by the rate of employee separation. […]
Manufacturing System: Introduction and Components
Manufacturing Methods There are typically three kinds of manufacturing: Make-to-Stock: This is traditional manufacturing, in which a company makes products based on past sales data. This can go awry when […]
Importance of Manufacturing for Technological and Socioeconomic Developments
There is a profound technological transformation that is affecting the industry. This is, in part, a reaction to the needs of users as well as a result of the development of […]
Production Vs. Productivity
Production Production can be defined as the systematic activity of gradually transforming one form of material into another while maintaining the requisite quality and are capable of satisfying human wants. […]
Continuous process linked cell System (Cellular manufacturing System)
Most commonly used as a manufacturing approach in which equipment and workstations are arranged to facilitate small lot, continuous flow production. In a cell, all operations that are necessary to […]
Flexible Manufacturing System
Flexibility entails to produce equitably priced customized products of superior quality that can be rapidly delivered to clienteles. In manufacturing system flexibility refers to the capability of producing different parts […]
Challenges in Strategic Human Resource Management
It is important to identify what consequences SHRM has on the performance of business. In other words, as HRM is concerned with the people implications of the company, how can […]
Development and Delivery of HR Strategies
Eight key steps in the Development and delivering a successful HR strategy Aligning business and HR needs The business’ goals that is its strategic imperatives – sit at the heart […]
Models of Strategic HRM
The defining features of HRM is popularly known as models. These models provide analytical framework for studying HRM. They provide characterization of HRM that establishes variables and relationship to be […]
Changing Nature of Workforce
Advances in technology, a more demanding workforce and shifts in priorities are combining to change the shape of traditional business and create a revolution in the workplace. The way we […]
Impact of Globalization on HRM
When a business expands its operation into other countries, the impact of globalization on human resource development and management is significant. Companies need to consider a diverse range of practical […]
Conceptual framework and context of strategic SHRM
SHRM is an approach of decision making relating to the organizational objectives connecting people rather than employees who are essential to implementing the business strategy of the organization. At the […]
Advantages of Vendor/Supplier Rating
Most firms want vendors that will produce products and services defect-free and deliver them just in time (or as close to this ideal as reasonably possible). Some type of vehicle […]
Factor affecting the selection of optimal suppliers or Vendor Ratings
Cost Criteria: The aim of this criterion is to identify vital element of cost associated with purchase. The most common cost related with a product is purchase price, transportation cost […]
Supplier evaluation and Selection Process
Once the portfolio analysis is completed, the buyer must then dive into the category and evaluate individual suppliers as to their suitability, narrowing the list down to a critical few. […]
