The Central Trade Unions Local, firm-level or industry-level trade unions are often affiliated to larger Federations. The largest Federations in the country represent labour at the National level and are known as Central Trade Union Organizations (CTU or CTUO). To acquire status as a CTUO, a trade union federation must have a verified membership of at […]
Quality Circle – Meaning, Definitions, Features, Techniques and Advantages Topics Covered i. Concept of Quality Circles ii. Meaning of Quality Circles iii. Definition of Quality Circles iv. Features of Quality Circles v. Objectives of Quality Circles vi. Techniques used in Quality Circles vii. Organizational Structure of Quality Circles viii. Developing a Quality Circle/ Phases […]
Training and Development- Need, Types, Steps, Methods and Effectiveness At the enterprise level, employee training and development are main areas of human resource development. The efficiency of an organisation depends directly on the capability and talent of its personnel, and how motivated they are. Capability of a person depends on his ability to work and […]
Performance Appraisal Meaning Performance Appraisal is the process of evaluating an employee’s performance of a job in terms of its requirements. Performance appraisal involves assessment of the actual performance of an employee against what is expected of him/her. Such assessment is the basis for awarding promotions, effecting transfers or assessing training needs. According to Flippo […]
Communication Models – Types, Advantages and Disadvantages Communication Models are conceptual models used to explain the human communication process. In this section, you will learn about three models of communication: I. Linear model II. Interactive model III. Transactional model I. Linear Model of Communication It is a simple one way communication model. The message flows […]
Job Analysis Meaning, Definitions, Features, Important Terms, Procecss, Purpose and Techniques Meaning Job analysis is the complete study of the job. It is a procedure by which facts with respect to each and every aspect of the job are discovered systematically. It refers to the anatomy of the job. Definitions According to US […]
What is Job Analysis? Meaning, Definitions, Features, Uses, Process, Techniques and everything about Job Analysis Know more about Job Analysis i. Meaning ii. Definitions of Job Analysis iii. Features of Job Analysis iv. Important terms v. Uses of Job Analysis vi. Process of Job Analysis vii. Purpose of Job Analysis viii. Techniques of Job […]
Monopolistic Competition – Meaning, Definitions, Characteristics The degree of competition in a monopolistic market is less than that in a market with perfect competition but more than that in an oligopoly and ofcourse a monopoly. The characteristics of a market with monopolistic competition are as follows: a) There are a large number of buyers b) […]
Perfect Competition – Meaning, Definitions and Characteristics Topics Covered i. Perfect competition Meaning ii. Definition of Perfect Competition iii. Features of Perfect Competition/Characteristics of Perfect Competition About Perfect Competition Under perfect competition a large number of firms compete against each other. Therefore, the degree of competition number perfect competition is close to one. […]
Demand Elasticity – Meaning, Definitions and Types Meaning of Demand Elasticity Elasticity in general, means the sensitivity or responsiveness of one variable to any change in another related variable. Demand Elasticity is a concept of judging the responsiveness of demand. J.S. Mill and Cournot were the early economists who referred to Elasticity of Demand in […]
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