What Are The Benefits of Human Resource Accounting?

What Are The Benefits of Human Resource Accounting?

    Human resource accounting involves quantifying the human resource in monetary terms and including it in the company’s assets. BENEFITS OF HUMAN RESOURCE ACCOUNTING 1. Knowing impact . 2. Analysing corporate strategies 3. Changes attitude of management 4. Proper investment – return analysis 5. Better utilisation of resource...

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What Is The Importance of Career Planning and Development?

What Is The Importance of Career Planning and Development?

    Career development is activities and actions undertaken primarily by an employee and supported by management to achieve individual career goals. IMPORTANCE OF CAREER PLANNING & DEVELOPMENT 1. Identifying career opportunities-. 2. Fulfilling potential. 3. Better image-. 4. Less labour turnover-. 5. Improve morale. 6. Forming teams-. 7....

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What Is The Significance of Team Building?

What Is The Significance of Team Building?

      Team building refers to the process of establishing and developing a greater sense of cooperation and trust between team members. Interactive exercises, team assessments, and group discussions enable groups to develop this greater sense of teamwork. Significance of Team Building 1. Improving communication. 2. Improving working...

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What Is Trait Approach of Performance Appraisal?

What Is Trait Approach of Performance Appraisal?

      A trait is a distinguishing feature or characteristic: 1. Ranking Method This method involves giving ranks to the employees depending upon their possession or absence of a particular trait say consistency. 2. Paired comparison Here two people are compared with each other on certain predetermined traits...

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