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Month: August 2016

HR Word of The Day 0

HR Word : Expatriate

​Expatriate definition In general terms, an expatriate – commonly shortened to expat – is someone living in a country different to the one in which they were brought up. Generally the period of residency will be long-term to permanent. In business terms, expatriates are employees send to work abroad for long periods of time. This may include employees sent to […]

Being HR 0

Income Tax Deduction AY 16-17 India

​🌲 *Income tax deduction for AY 16-17* *“`Section 80c“`* 👉🏻The maximum tax exemption limit under Section 80C has been retained as Rs 1.5 Lakh only. The various investment avenues or expenses that can be claimed as tax deductions under section 80c are as below; *PPF (Public Provident Fund)EPF (Employees’ Provident Fund)* *Five year Bank or Post office Tax saving Deposits* […]

HR Word of The Day 0

HR Word: Executive Search

​Executive Search definition Executive search refers to locating and recruiting individuals for senior boardroom positions. The term is colloquially known as headhunting although nowadays the term headhunting often refers to any highly targeted recruitment campaign to attract one, talented candidate, regardless of the role’s seniority. Executive searches are commonly undertaken by specialist recruitment firms with boardroom access, although some executive […]

HR Word of The Day 0

HR Word : Equity Theory

​Equity Theory definition First developed in the early 1960s by behavioural psychologist John S. Adams, equity theory is concerned with defining and measuring the relational satisfaction of employees. Adams suggested that employees try to maintain a balance between what they give to an organisation against what they receive, and base satisfaction with their own balance on perceptions of the same […]

HR Word of The Day 0

HR Word: Double Burden

​HR word of the day – Double Burden Double burden is a phenomenon where an individual is given two equally difficult and usually conflicting roles to play, and they are not given any monetary benefit for one of the roles. On a general note, the term Double burden is used to describe the position of women who two roles that […]

HR Word of The Day 0

HR Word: Environment Scanning

​Environment Scanning definition Environment scanning refers to thorough, consistent and often daily processing of an organisation’s internal and external environments in order to identify risks, trends and opportunities that could influence the organisation’s future, or the future of the industry or market. Environmental scanning differs from surveillance – the latter is tasked with a specific objective and a specific area. […]

HR Word of The Day 0

HR Word : ECM

​Enterprise Compensation Management (ECM) definition The organisation, processing and optimisation of compensation in a large organisation, typically run using HR software. Larger multi-site companies can use ECM software to compare compensation across multiple geographies, providing key information on different worker expectations. Questions that enterprise compensation management seeks to answer include: “Do our staff feel they are being adequately compensated?” “Are our […]

HR Word of The Day 0

HR Word: Encore Career

​Encore Career definition Encore careers are jobs taken between retirement and old age that balance remuneration, personal meaning and community and societal impact. The term ‘encore career’ was popularised by Marc Freedman is his book Encore: Finding Work That Matters in the Second Half of Life. Commonly-cited examples of people who have transitioned to encore careers include Bill Gates, who transitioned […]

HR Word of The Day 0

HR Word : EDIS 

EDIS ​Employee-driven idea system  Employee-driven idea systems, often called employee-driven innovation systems because of their capacity for disruptive innovation, are organisational systems that encourage and incentivise staff to submit ideas for improvements directly to their line managers. EDIS are seen as an alternative to traditional suggestion schemes inTotal Quality (TQ) environments as a way to both improve the quality of suggestions […]

HR Word of The Day 0

HR Word : Employee Silence

​Employee Silence definition Employee silence occurs when workers fail to bring pertinent information to the attention of their employer. Employees may withhold information from colleagues, line managers, leaders and HR and in a range of contexts. The withholding of this information prevents improvements to processes, projects and strategy being made. It’s important to note that remaining silent is a conscious […]