Human Resource Accounting may be defined as the measurement and reporting of the costs incurred in a recruit, hire, train, and develop employees and their present economic value to the organization. ©CommerceAchiever Think- Objectives of Human Resource Accounting Advantages …
It is the personality assessment test. It is part of the recruitment process. The test conduct pre and post recruitment, so as to maximize the productivity of the given workforce. Three personality traits are considered to test an individual- Neuroticism-Extraversion-Openness …
Also known as Network organization or Digital organization. It is a social network in which all the horizontal and vertical boundaries are removed. It is a boundaryless organization. ©CommerceAchiever It consists of individuals working out of physically dispersed workplaces, or …
It is a personality test. It is also called an Occupational Personality Questionnaire (OPQ). PDF SHL’s aim is to provide employers with scientifically verifiable insights into candidates’ personalities. The SHL tests identify whether candidates possess the characteristics required for …
Rightsizing is about realigning and bringing the organization at its optimal size. Making an organization in a more effective size especially by reducing the number of people working in an organization. ©CommerceAchiever It can be said that Rightsizing is about …
It means reducing the size of the organization, through planned elimination of positions and jobs. It is a restructuring process in which the organization eliminates certain jobs with a view to improve work efficiency. The organization reduces staff which is …
It means employees of an organization differ from each other in terms of age, gender, language, values, cultural norms, etc. Thus organization is heterogeneous. PDF ©CommerceAchiever Think- Impact of Diversity on Individual and Organization Implication for HRM Changes needed due …
Entity means a reality that features a definite individual existence. Business entity means a specifically identifiable commercial enterprise like Super Bazaar, Hire Jewellers, ITC Limited, etc. An accounting is usually devised for a selected business entity (also called accounting entity). …
Happening of consequence to a business organization that consists of transactions and which are measurable in monetary terms. Bunch of transactions relating to an economic event. Event is the end result. ©CommerceAchiever Event can be – internal and external. If …
Accounting is a process of identifying, measuring, recording the business transactions and communicating thereof the required information to the interested users. ©CommerceAchiever