Internal sources of recruitment means shifting of the existing employees of the organisation from one department to another department and from one post to another post. In the internal sources of recruitment, the HR department invites applications for a job position from the present employees of the organization. Internal recruitment is performed by means of promotions, transfers, employee referrals, hiring [...]
Everything you need to know about the employee compensation. Compensation or Remuneration is a systematic approach to provide monetary value to employees in exchange for work performed by them is called as compensation or remuneration. Compensation may achieve several purposes assisting in recruitment, job performance and job satisfaction. Learn about:- 1. Definitions of Employee Compensation 2. Meaning and Concept of [...]
A promotion is an increase in rank which may also be accompanied by a raise in pay, benefits, and responsibility. Most people view promotions positively, as they indicate that the individual being promoted is successful, valuable, and useful. In many workplaces, people actively work towards promotion and its accompanied benefits. Promotion indicates that the employee has a potential for development [...]