Design thinking can be understood as an iterative procedure in which problem-solvers endeavor to recognize the requirements of the clients/users, challenge their suppositions, and reclassify…
10 Ways to Build Great Customer Relationships Explained
Customers are the life-blood of any sort of business model, and that is why paying heed upon customer relationships is an inevitable and often highly…
What is Customer Acquisition? Definition, Steps, Channels, Calculation & Strategies
Customer acquisition is the practice used to bring in new customers by identifying, targeting, and converting prospective customers. Successful customer acquisition refers to generating leads,…
Flextime Definition – Terms, Instructions, Pros and Cons
Flextime revolves around a non-customary work-scheduling practice that permits full-time employees or workers to pick their specific entry and exit times inside some specific limits…
Critical Thinking: Definition, Skills and Ways to Improve
The ability to think better by improving thinking skills with the help of rational observations, logical interpretations, and objective analysis is understood as critical thinking….
What is Downsizing? Definition, Working and Examples
Downsizing alludes to the processes involved in reducing the operational expenses of a business by reducing the size of the workforce and opting for plant…
What is Casual Employment? Definition and Importance
In a casual employment setup, an employer offers a job to an employee when it is needed, just for a limited time. Companies hire casual…
What is Gross Misconduct? Definition and Examples
Gross misconduct refers to an act that is so grave that it results in the instant dismissal of the employee in the organization and that…
What is a Notice Period? (Complete Guide)
The notice period is the time interval in which an employee has to work in his job position after he has resigned from his company….
What is Net Salary? Meaning and Calculation
Net salary is the amount that is paid by an employer to his workforce against the services they perform for him. It is paid regularly…
What is Outplacement? Definition and Benefits
Outplacement is defined as a support service that is offered to former employees so that they can search for other employment opportunities. The organizations often…
What is Pay Equity? Definition, Characteristics and Benefits
One of the most simple pay equity definitions is equal pay for work of equal value. Pay Equity is the level to which the employee’s…
What are the Basic Ethical Standards in the Workplace?
Ethical standards are used for establishing the behavioral parameters that business-owners and senior-level managements expect from their employees, suppliers, and other stakeholders. Maintaining ethical standards…
What is Salary Grade? Definition, Working and Advantages
What is the salary grade? A salary grade is a level of predetermined compensation for a specific position in the organization. The levels are set…
What is Volunteerism? Definition, Examples, Tips and Advantages
The act or practice of doing volunteer work in community service – Merriam Webster. Definition Volunteerism is defined as a concept or practice of offering…
