What is Back Pay? Definition: Back pay can be defined as the payment or other benefits like promotion, bonus, pay increase, etc that an employer…
Accrual Accounting – Definition, Categories and Its Impact
What is Accrual Accounting? Definition: Accrual accounting is defined as an accounting method in which revenues or expenses are recorded at the same time when…
An Ultimate Guide to Employee Engagement Surveys
Employee engagement surveys are effective tools that help in understanding the employees to cultivate a positive work culture. The surveys are designed to assess and…
Learning Management System (LMS) – Overview & Features
A Learning Management System or LMS can be understood as software that is utilized by numerous E-learning courses and training programs on the web. Such…
7 Steps to Create an Employee Development Plan
The employee development plan is referred to the action plan that is used by an organization to ensure that the employees are on the right…
Ultimate Guide On Human Resource Management (HRM)
Human resource management is defined as a process of managing employees in an organization so that they help to gain a competitive advantage. It is…
Top 19 Strategies for Businesses With Examples
The strategies for businesses refer to the decisions that a business has to take, and subsequently, the actions it performs to accomplish organizational goals and…
Transfer Pricing – Definition, Working, Methods and Example
Transfer pricing (TP) can be understood as the procedure that globally expanded organizations follow while transferring merchandise or goods starting with one division then onto…
Bearer Bond – Definition, Meaning, Pros and Cons
Bearer Bond is an unregistered debt security issued by a government or a corporation. It is an anonymous instrument because it is difficult to identify…
Belbin Team Roles – Definition and Classifications
What are the Belbin Team Roles? Definition: Belbin team roles are the inclusion of nine behavioral attributes that play a crucial role in facilitating team progress….
Normal Distribution (Bell Curve) – Definition and Examples
What is Bell Curve? Definition: Bell curve is defined as a graphical depiction of a normal probability distribution whose standard deviations from the mean form…
Acceptance Criteria – Definition, Uses and Features
What are Acceptance Criteria? Definition: Acceptance criteria are defined as the pre-established conditions that a software product development team needs to fulfill, so they can…
What are Bean Counters? – Definition and Origin
Definition of Bean Counters Definition: Bean counters can be defined as the people who are responsible for making government or corporate financial but they are…
Activity Ratios – Definition, Types and Formula
What are Activity Ratios? Definition: Activity Ratios are defined as the financial metrics used to gauge how efficiently company assets are being used to generate…
Average Fixed Cost – Definition, Formula and Examples
What is the Average Fixed Cost? Definition: Average fixed cost is defined as the amount it costs to a business for producing a unit of…
