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Month: December 2017

HR Word of The Day 0

#HRWord:#Pay Dispersion

Pay dispersion is a concept where employers pay different amount of wages or salaries to their employees for the same skills and the same type of work.  Pay dispersion exists because of limited knowledge of employees about the wages of the other employees, and also because of employee experience, changing policies etc. Pay dispersion takes into account several factors for […]

HR Word of The Day 0

#HR #Word:#OMD (#Outdoor #Management #Development)

Outdoor Management Development is a process of imparting learning and development for managerial cadre outside the four walls of an organizational setup.  The objective of outdoor management development is to build a team, give leadership lessons etc.  It includes residential programs conducted for building team cohesion, leadership development etc. Purpose of Outdoor Management Development: 1. Team Building: Many times managers […]

HR Word of The Day 0

#HR #Word:#Pygmalion Effect

The Pygmalion effect, or Rosenthal effect, is the phenomenon whereby higher expectations lead to an increase in performance.  The effect is named after the Greek myth of Pygmalion, a sculptor who fell in love with a statue he had carved. A corollary of the Pygmalion effect is the golem effect, in which low expectations lead to a decrease in performance;   […]

HR Word of The Day 2

#HR #Word:#OCB (#Organizational #Citizenship #Behaviour)

Organizational Citizenship Behavior (OCB) is defined as the context or performance in which any job or task takes place.  It is basically being a person who is ready to serve the organization in matters that is outside the scope of his/her job domain.  It includes being helpful, caring towards other employees in the organization. Example, Helping out a newcomer in […]

HR Word of The Day 0

#HR #Word:#Paid #Time #Off

Paid time off (PTO) is a number of hours that employees can use to pool sick days, personal leave or vacation while being paid as a working day.  Different companies offer different hours as paid leave depending on their policies, compensation plans and retention strategy.  There is no government policy that regulates the number of hours companies must offer as […]