Banking forms the backbone of any modern economy. In simple terms, a bank is a financial institution that accepts deposits from the public and provides loans and credit facilities. It acts as a bridge between people who have surplus money (depositors) and those who need money (borrowers). By doing so, banks facilitate the smooth flow […]
Human Resource Management (HRM) has always been about balancing the needs of employees with the goals of the organization. In this unit, we explore two major aspects—Industrial Relations and Emerging Trends in HRM—which together shape the modern workplace. Industrial relations ensure a harmonious working environment, while emerging trends prepare HR for the challenges of the
Performance appraisal and compensation management are two of the most critical aspects of Human Resource Management (HRM). Together, they ensure that employees are recognized for their work, rewarded fairly, and motivated to contribute to the growth of the organization. In this unit, we will explore the meaning, techniques, and importance of performance appraisal, along with
In today’s competitive world, organizations cannot rely solely on hiring skilled employees—they must nurture, upgrade, and retain talent to remain successful. This is where Training, Development, and Career Planning play a vital role. They help employees acquire new skills, improve performance, and prepare for future responsibilities while aligning their personal goals with the company’s objectives.
Human resource management is not just about hiring people—it’s about hiring the right people for the right roles and making sure they succeed in their jobs. This unit dives into the key processes that ensure organizations match people with roles effectively: job analysis, job design, recruitment, and selection. Download UNIT 2 – Job Analysis, Job
Human Resource Management (HRM) is one of the most vital aspects of modern business management. People are the most valuable asset in any organization, and HRM ensures they are recruited, developed, motivated, and retained in the best possible way. This unit introduces the fundamentals of HRM, its evolution, scope, and objectives, while also exploring Human
In the world of business, manufacturing, logistics, and even everyday decision-making, resources like time, money, and materials are often limited. The challenge lies in how to use these resources most efficiently to achieve the best possible outcome—whether that’s maximizing profits, minimizing costs, or improving productivity. Linear Programming (LP) is a powerful mathematical method that helps
In the fast-paced world of business, decision-making is at the heart of every success or failure. Whether it’s launching a new product, entering a new market, or choosing the right investment, managers are constantly faced with choices that involve risk and uncertainty. Decision Theory and Risk Analysis is the study of methods and tools that
In today’s fast-paced business world, the ability to predict future trends is not just a valuable skill—it’s a necessity. Whether it’s estimating next quarter’s sales, forecasting demand for a new product, or analyzing seasonal fluctuations in the market, businesses rely heavily on time series analysis. This statistical technique helps organizations identify patterns in historical data
Index numbers are powerful statistical tools used to measure changes in variables over time, such as prices, quantities, or values. They serve as economic barometers, helping businesses, governments, and researchers analyze trends and make informed decisions. In business and economics, index numbers are widely used for price comparisons, cost analysis, and economic planning. Download UNIT
