According to James Horne Leverage is, “the employment of an asset or fund for which the firm pays a fixed cost or fixed return” It refers to the use of fixed cost assets to maximize the potential return for shareholders of a company. It helps to examine the debt-equity mixRead More →
What is a Computer System ? A Computer system includes the computer along with software and hardware that are necessary to operate a computer. The word computer comes from the word “compute” which means to calculate. A computer may be defined as an electronic device, which can store and manipulate dataRead More →
A job is a collection of tasks, duties and responsibilities necessary to be performed to achieve organizational objectives. Therefore, Job Analysis may be defined as a systematic investigation of tasks, duties, responsibilities necessary to do a job. Task – Identifiable work for a specific action Duties – Sequence of tasks to beRead More →
Selection simply means to choose. It is the process of picking individuals who have relevant qualifications to fill jobs in an organization. According to Dale Yoder, “Selection is the process in which candidates for employment are divided into two classes those who are to be offered employment andRead More →
Training – It is referred to as teaching specific skills and behaviour to employees for effective performance of their task. It is the process by which the employees are taught skills and given the necessary knowledge to carry out their responsibilities according to the desired standards. A Systematic Approach toRead More →
Induction Induction is the task of introducing the new employee to the policies, procedures, rules and regulations of the organization. Induction Programme – An induction programme is conducted by the organization to provide the new employee information about – Organization – History, current position, structure, rules, procedures, policies, issues etc. EmployeeRead More →
Basic rule of Time value of Money “Money received today is worth more than the same money received in the future” Time Value of Money – Shareholders of a business make sacrifices by investing funds into the business now, to reap its benefits in the future, either as dividend alongRead More →
Transfer – It can simply be defined as “a change in job assignment of an employee.” It involves movement of employee from one job to another within an organization while being in the same level of hierarchy, requiring similar skills, involving same level of authority and responsibility and similar pay.Read More →
The two main Goals/Objectives of Financial Management are – Profit Maximization [Traditional] Shareholders wealth Maximization [Modern] Profit Maximization It is a traditional and narrow approach which aims at maximization of returns by the firm in terms of monetary resources and increasing the earning per share of the shareholders. Under suchRead More →
Promotion – It refers to upward movement of an employee from his current job position to another that is higher is pay, responsibility and hierarchy within an organization. Promotion has an inbuilt motivational value i.e. it elevates the status and power of an employee within an organization. Purpose of Promotion –Read More →
The various decisions under financial management can be categorized under the following four heads – Investment Decision Finance Decision Dividend Decision Liquidity Decision Various Decisions under Financial Management are – (1) Investment Decision: The investment decisions are concerned with identification of investment opportunities and efficient allocation and utilization ofRead More →
The major Challenges that a HR Manager faces in the current scenario are – (1) Globalization – Due to globalization people from different countries, culture, values, lifestyle, work pattern etc. get together in an organization to solve management problems. Employees from different backgrounds are unfamiliar with Laws, practices, work ethics, managementRead More →