An employer or employer’s business which attracts the attention of huge amount of prospective employees for a job in their organization.  The attracting factors for them may be any of the following: • Cultural framework • Sector of business • Location of business   • Growth of business • Overall job satisfaction • Work life balance • Ethical policies • Payment […]

A Mad Hatter is a CEO or a person at a Managerial level whose ability to lead a company Or Unit is questionable.  A mad hatter takes decisions that is of little sense and makes employees and other stakeholders puzzled and suspicious.  They usually make unusual and impulsive decisions and do not think about the consequences of such decisions on the […]

A lump-sum increase is something given instead of increase in salary. It is not added to the fixed base salary. It is given in the form of a single cash payment. This is the reason why it is also known as lump sum bonus. While there are other uses but the best use of lump sum merit increase is as […]

Low Road is the adoption of short term, less effective human resource policies that results in poor business performance.  Low road are the policies like improper training and development interventions, not able to provide job security as an employer, non-motivating reward & recognition policies etc. Human resource function inside organization takes importance in areas of people management policies. The kind […]

Long term incentive is a process to reward the consistent & employees having a good amount of work experience in the organization.  It also takes into account the work performance of the employee of long period of time. Long term incentives like cash bonuses, vacations, stock options etc are given to motivate and retain loyal employees. Types of Long term […]

Lone worker is a person working alone without assistance and isolated from other workers without a supervisor.  Such a person could be vulnerable to risk.  Lone workers, since they are not directly supervised, faces more risk than other workers. The employers have to take necessary steps for the safety of the lone worker. The employers should maintain the written health […]

This theory was given by a well-known strategist Peter M. Senge. The theory defines what is called as a ‘Learning Organization’ Quoting Mr. Senge here, he describes learning organizations as:     ‘…organizations where people continually expand their capacity to create the results they truly desire, where new and expansive patterns of thinking are nurtured, where collective aspiration is set free, […]

Daniel Goleman came out with a book in 2002 on the topic of leadership style and the importance of leaders to create resonance in the organization.  He mentioned six different leadership traits and each have there of creating resonance. The most effective leader will be the one who can switch between the various roles as demanded by the situation in […]

Late Career Stage is the stage where one relaxes a bit and plays the part of an elder statesperson.  Here they give directions and instructions to younger employees owing to their experience in the industry & organization.   In the late stages of their careers, employees are considered very experienced in their professions. They may or may not be executives. […]

Lake Wobegon Effect is the overestimation of self-capabilities in comparison with others which in way leads to assume oneself better than others.  The major factor behind the Lake Wobegon Effect is self-serving bias. But practically it is impossible to be above average for all. If almost all the participant expects themselves to be above average then it is unrealistic optimism […]

Labor Standards refers to the standard conventions with respect to the workers, in matters of basic worker rights, working conditions, wages to be paid & also related to job security. Basically it is done in order to improve labor employment on a global scale. Given the laying down of the standards, a minimum level of protection is there from inhumane […]

Jungian Personality Typology was given by Carl Jung, which talks about how human personalities are expressible in terms of Extraversion or Introversion, Sensation or Intuition, Thinking or Feeling.  Carl Gustav Jung was a Swiss psychiatrist and psychotherapist. In his book “Psychological Types”, he identified 8 different personality patterns. These were created by combining two opposite pairs of functions and a […]