Employee retention means the ability of an organisation to retain employees for a longer time. Organizations target for lower employee turnover. Skilled and well-qualified candidates look at the turnover rate of an organization
Management articles
What is the difference between Hard Skills and Soft Skills?
Hard skills are those skills which an individual acquires via learning, education or training. These are quantifiable and judged based on a person’s performance during job duties. A hard skill can be from
What is Contract Management – Stages, Benefits and Best Practices
Contract management is defined as a process that manages the creation, analyzing and execution of contracts efficiently and systematically. This method is used for delivering optimal financial and operational performance and for minimizing
Mass Production – Definition, Meaning, Understanding, Advantages
Mass production is defined as a production method of standardized products in large quantities. Automation technology or assembly lines are often used in the manufacturing process. It is both energy-intensive and capital intensive
Personal Development Plan – Definition, Meaning and Examples
Personal development planning is a structured process that helps to create an action plan for self-improvement, growth, and development. This goal-setting and planning are based on reflection, values, achievements, performances, learning, and awareness
What is the Moment of truth? Meaning, Potential Outcomes And Types
Definition The moment of truth is defined as a particular moment when a user or a customer changes or forms an impression about a service, product or brand after an interaction or contact
Employee Assistance Program – Definition, Meaning, Benefits and Limitations
The employee assistance program is defined as a voluntary program provided by the organization that offers help to an employee to deal with both work-related and personal problems. It includes issues related to
What is a Non-Compete Agreement – Meaning, Uses, Benefits
A non-compete agreement is a legal contract between two parties, the employer and the employee. It categorically for bids the employee from entering into any competition with his employer once his employment in
The Pareto Principle – Meaning, Examples, Advantages and Application
The Pareto Principle states factually that 80% of consequences are a result of only 20% of the causes. The principle has been derived from the imbalance that was shown in the land ownership
What is Unfair Dismissal – Definition, Meaning and Examples
Unfair dismissal as the name suggests is a dismissal that is unfair, which means a termination without a valid reason and which does not comply with the specific legislation of a country. In
Negative Reinforcement – Meaning, Types And Examples
Negative reinforcement is a concept where something unfavorable is removed to encourage positive outcomes or good behavior. It is an idea that involves taking something away so that it can have a positive
Positive Reinforcement – Definition, Meaning, Examples and Types
Positive reinforcement is defined as a strategy that is applied to fortify future behaviour. It results in longer duration, higher magnitude and advanced frequency of the deeds. In the case of positive reinforcement,
What is Workplace Bullying and How to Manage It?
Workplace bullying is defined as a pattern that involves persistent mistreatment from one or several people in the workplace. It includes regular incidents intended to humiliate, offend and of course intimidate an individual
Why is Work Life Balance Incredibly Important in Todays world?
Work-life balance is a term that signifies a perfect balance between personal and professional life in a way that one does not infringe on the other. It refers to the ability of a
Severance Pay Definition – Eligibility and Calculations
Severance pay is an allowance that is paid to an employee after his service is terminated so that he does not take any legal action against the company for the dismissal. It is
The Importance of Supply Chain Management
Supply chain management is the available network of business entities, and the people involved in that work to create finished goods out of raw materials making sure it reaches the end-user that is
