Human Resources is just what it says: resources for humans – within the workplace! Depending on the size of the company, some companies have more than one HR Department – Corporate and Administration. In such cases, an organizational chart with boxes representing hierarchical position starting at the top with the first and single-most important being […]
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Performance evaluation is an essential component of any ideal organization. This employee appraisal process is used to assess employee performance, document the evaluation data, and recommend reward programs for the deserving people. This helps in identifying, fixing and improving different areas that eventually enable organizations to achieve goals and objectives from a human resource perspective. […]
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Gratuity is a lump sum that a company pays as one of the many retirement benefits offered by a company to an employee. The Payment of Gratuity Act was passed by the Parliament of India on 21st August 1972 and it came in force from 16th September 1972. PAYMENT OF GRATUITY According to the Payment of Gratuity Act, 1972, an employee is eligible […]
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With more companies making the switch towards digitized HR, there has never been a greater variety of HRMS than there is today. Despite the fact there are hundreds of HRMS out there from all sizes and colors of the rainbow, only a handful of them will work well for your company. The HR software market […]
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