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A golden parachute is an agreement between a company and an employee (usually a high level executive) that provides significant financial benefits to the employee upon termination. . Golden parachutes are usually reserved by the enterprise for the top level management executive of the organization. The benefits package mostly consists of a list of specific terms that tells us what the terminated […]
Golden handcuffs, a phrase first recorded in 1976, refers to financial allurements and benefits that have the objective to encourage highly compensated employees to remain within a company or organization instead of moving from company to company (or organization to organization) Golden Handcuff is financial incentive & other benefits offered to key employee as measure to retain them in the […]
Going Rate is a part of the compensation & benefit structure of an organization, where the focus is on how the employees are being paid. It is basically being paid according to that of the industry standards, or what the other companies in the region are following. Going rate is a part of the competitive compensation for any employees. Working […]
The term “Intellectual Capital” collectively refers to all resources that determine the value of an organization, and the competitiveness of an enterprise. Understandably, the term “intellectual capital” from a human resources perspective is not easily translatable into financial terms. For all other assets of a company, there exist standard criteria for expressing their value. Perhapss, this term could more appropriately […]
Goal Displacement is a situation in which the original goals of the organization are superseded by the new goals which are developed during the course of time. Goal displacement can […]
Source: 9 Ways To Make The Wrong Impression On Your First Day MORE Recruiters spend six seconds per resume before deciding whether an applicant is a good fit. How fast? When it comes to hiring: Recruiters spend six seconds per resume before deciding whether an applicant is a good fit. Interviewers “know” within 10 seconds whether a candidate is right for the […]
The rise of multinational corporations has multiplied the challenges of HR managers while successfully bridging the gap between nations. This state of business in the world is reflected by the […]
The expression “the glass ceiling” first appeared in the Wall Street Journal in 1986 and was then used in the title of an academic article by A.M. Morrison and others published in […]
Structural capital is one of the three primary components of intellectual capital, and consists of the supportive infrastructure, processes, and databases of the organisation that enable human capital to function. Structural capital is owned […]
The Gen Y – Millennials are the demographic cohort following the generation X. Although no specific date has been provided as to the origin of this generation, but unofficial sources mention the […]
Every company has a fixed leave system which means that each employee is entitled to a fixed number of different kind of leaves e.g. paid leave, sick leave, vacation leave […]
Garden leave or gardening leave describes the practice where an employee leaving a job – having resigned or otherwise had their employment terminated – is instructed to stay away from work during the […]
Functional Flexibility is a concept in companies where employees can work in different functions or can be deployed purposely to various functions with different roles and responsibilities. This can be […]
Frictional Unemployment is a period of an individual between the Unemployment and Employment ‘or’ Earlier Employment and Employment. This is also called natural unemployment. It is the transition time of […]
Flextime or Flexitime is a non-traditional approach to work hour scheduling. This allows employees to select their working hours on their own. There is, however, a particular core time period […]
It is a method of performance appraisal in which the rater has to make a forced choice between the available characteristics, about the employees. It is in the form of […]
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