Compensation refers to all forms of financial returns and tangible benefits that employees receive as part of an employment relationship. Beyond this pure economic exchange model, compensation may also be viewed as (a) a system of rewards that motivates employees to perform; (b) a critical communication device through which organisations convey and reinforce the values, culture, and the behaviours they [...]
Competency Mapping is a process of identifying key competencies for a company or institution and the jobs and functions within it. Competency mapping is important and is an essential exercise. Every well managed firm should - have well defined roles and list of competencies required to perform each role effectively. Such list should be used for recruitment, performance management, promotions, [...]
When HRD Programs have to be made, it has to be based on the current and future HRD requirements. The work of the human resource development practitioner is continuously evolving. Human resource development is now expected to make a strategic level contribution and contribute to individual and organizational effectiveness. Human resource development practitioners are increasingly required to network and build [...]