Amount invested by the owner in the firm is known as capital. It may be brought in the form of cash or assets by the owner for the business entity. Capital is an obligation and a claim on the assets …
The distinction between current and non-current items: Current assets or liabilities are involved in the operating cycle. Current assets or liabilities are realized/settled within 12 months. Current items are primarily for trading. Current items are cash or cash equivalent. Current …
Liabilities are obligations or debts that an enterprise has to pay at some time in the future. They represent creditors’ claims on the firm’s assets. Liabilities are classified as current and non-current.
Employees leave the organization due to resignation, retirement, and termination. These movements are called External Mobility. PDF
Employees move from one job to another within an organization through Transfers, Promotions, and Demotions. Such movements are called internal mobility.
Labour Turnover refers to the rate of change in the workforce of an enterprise during a given period. It is time to time changes in the composition of the workforce that results from hiring, release, and replacement of employees. Attrition …
The employer has work available for workers and the worker is aware of it. Worker did unauthorized, avoidable, and wilful absence from duty. It means the failure of the worker to report for work when s/he is scheduled to work. …
These services are provided outside the establishment. Theses consists of housing accommodation, transport, maternity benefits, sports field, children education, Family Planning and Child welfare, Interest-Free Loans, etc. PDF
These are services that are provided inside the establishment. These include – creches, rest shelters, canteens, uniforms, restrooms, medical aid, library, etc. These are provided within the organization like: Canteen Rest rooms Crèches Uniform Drinking water Washing and bathing facilities …
Labour welfare means anything done for the comfort and improvement, intellectual or social, of the employees over and above the wages paid which is not a necessity of the industry. That means it includes various services, facilities, and amenities provided …