E-HRM: Definition, Advantages, Practices
Processing and transmission of digitized HR information are called E-HRM or electronic human resource management.
Green HRM: Definition, Advantages, Green HRM Practices, Policies
GHRM is a new concept and is becoming popular all over the world. It has got different meanings to different people. There is no comprehensive definition of GHRM. It refers to making efforts to improve energy efficiency or reduce the pollution produced by our home, business, and general living habits. The main purpose of going…
Models of Human Resource Accounting
5 Human Resource Accounting five models are; The Lev and Schwartz Model. The Eric Flamholtz Model Morse Model. Likert Model Ogan’s Model The Lev and Schwartz Model Lev & Schwartz advocated the estimation of future earnings during the remaining service life of the employee and then arriving at the present value by discounting the estimated earnings…
Methods of Human Resource Accounting
The purpose of human resource (HR) accounting is to assign a dollar value to either individual employees at a company or the company’s workforce as a whole. Because trained and productive employees are valuable to an organization, they are sometimes referred to as human capital. Because there is no definitive way to calculate the value…
Human Resource Accounting(HRA): Definition, Advantages, Limitations
Human Resources Accounting involved in identifying, measuring, capturing, tracking and analyzing the potential of the human resources of a company and communicating the resultant information to the stakeholders of the company. Human Resource (HR) is though one of the valuable assets of the organization, there is no statutory regulation to report it in the organization’s…
Methods of Job Evaluation
Job evaluation seeks to rank all the jobs in the organization and place them in a hierarchy that will reflect the relative worth of each. There are four widely used job evaluation methods. Ranking System. Job Classification or Grading Method. Points Rating System. Factor Comparison System. These methods are discussed in the next section. 1….
Job Evaluation: Definition, Schemes, Process
Job evaluation is a systematic way of determining the value/worth of a job in relation to other jobs in an organization.
Team vs. Individual Performance Appraisals
Performance appraisals can evaluate individual performance or team performance. Performance appraisals, whether team or individual, provide feedback to workers or organizational teams. Traditionally, performance evaluations provide information to help improve performance, increase efficiency and define management’s expectations. Performance appraisals compare work performed against measurable objectives that the employee and supervisor agreed to at the beginning…
Rating Errors
There are many possible sources of errors in the performance appraisal process. Various types of rater errors are mentioned next: Recency error. Central tendency error. Leniency error. Halo effect. Contrast error. Similarity error. Personal bias. Personal prejudice. Paperwork. Fear of spoiling relations. Evaluate performance, not person. Horn-effect. Recency error The recency effect occurs when a…
Methods of Performance Evaluation
4 methods of performance evaluation; (1) category rating methods, (2) comparative methods, (3) behavioral/objective methods, and (4) narrative methods.