Topics
Introduction to Human Resource Management
- Human Resource Management
- Characteristics of Human Resource Management
- Importance of Human Resource Management
- Human Resources as a Competitive Advantage
- Functions of Human Resource Management
- Overview of Introduction to Human Resource Management
Job Analysis and Manpower Planning
- Job Analysis
- Relevance of Job Analysis
- Job Description or Position Description
- Job Specification or Man Specification or Employee Specification
- Job Enlargement
- Job Enrichment
- Manpower Planning
- Manpower Estimation
- Overview of Job Analysis and Manpower Planning
Staff Recruitment
- Recruitment
- Characteristics of Recruitment
- Sources of Recruitment: Internal Sources
- Sources of Recruitment: External Sources
- Differences Between Internal and External Sources of Recruitment
- E-recruitment
- Overview of Staff Recruitment
Staff Selection
- Meaning and Definition of Staff Selection
- Difference Between Selection and Recruitment
- Steps in Employee Selection Process
- Psychological Tests
- Interviews
- Types of Interviews
- Limitations of Interview
- Overview of Staff Selection
Staff Training
- Training
- Comparative Overview of Training, Education, and Development
- Importance of Training
- Types of Training
- Preparation of Training Programme
- Methods and Techniques of Training: On-the-Job Training
- Methods and Techniques of Training: Off-the-Job Training
- Types of Employee Training: Key Distinctions
- Hindrances to Training
- Benefits of Training to Employer and Employee
- Overview of Staff Training
Staff Morale
- Meaning and Definition of Staff Morale
- Characteristics of Staff Morale
- Morale Productivity Matrix
- Measurement of Morale
- Factors Influencing Morale
- Determinants of Morale
- Methods of Raising Morale
- Indicators of Low Morale or Disadvantages of Low Morale
- Passive Effects of High Morale or Advantages of High Morale
- Importance of Team Work
- Measures for Building Effective Teams
- Overview of Staff Morale
Staff Motivation
- Meaning and Definition of Staff Motivation
- Motivation Process
- Characteristics of Staff Motivation
- Difference Between Motivation and Morale
- Importance of Staff Motivation
- Factors Influencing Motivation
- Difference Between Financial/Monetary and Non-Financial/Non-Monetary Incentives
- Maslow's Theory of the Hierarchy of Human Needs
- Herzberg's Two Factor Theory
- Critical Appraisal of Herzberg's Theory
- Relationship Between Maslow and Herzberg Theories
- Overview of Staff Motivation
Staff Remuneration
- Meaning and Definition of Staff Remuneration
- Money Wages and Real Wages
- Methods of Wage Payment: Time-Rate System
- Methods of Wage Payment: Piece-Rate System
- Distinction between Time-Rate and Piece-Rate System
- Wage Records
- Various Staff Benefits
- Gratuity
- Types of Leave
- Overview of Staff Remuneration
Staff Leadership
- Meaning and Definition of Leadership
- Distinction Between Leadership and Management
- Importance of Leadership
- Leadership - Qualities of a Good Leader
- Leadership Styles
- Difference between Different Styles of Leadership
- Leaders: Born or Made?
- Leadership Continuum
- Situational Leadership
- The Managerial Grid
- Overview of Staff Leadership
Staff Appraisal
- Performance Appraisal
- Potential Appraisal
- Objectives of Performance Appraisal
- Importance of Performance Appraisal
- Method of Performance Appraisal
- Appraisal by Results
- Appraisal by Superior Staff
- The 360° Appraisal
- Overview of Staff Appraisal
Staff Promotion and Transfer
- Meaning and Definition of Promotion
- Benefits of Promotion
- Limitations of Promotion
- Open and Closed Policy of Promotion
- Dry Promotion and Upgrading
- Demotion
- Requirements of a Sound Promotion Policy
- Bases of Promotion
- Meaning and Definition of Staff Transfer
- Need and Purposes of Staff Transfer
- Types of Transfer
- Is Transfer a Punishment?
- Transfer Policy
- Overview of Staff Promotion and Transfer
Staff Separation
- Introduction of Staff Separation
- Means of Staff Separation
- Exit Interview
- Overview of Staff Separation
Emerging Trends in Human Resources
- Flexible Hours
- Permanent Part Time
- Work from Home
- Retainership
- Virtual Team
- Self-managing Teams (SMTs)
- Overview of Emerging Trends in Human Resources
Business Communication
- Communication
- Importance of Communication in Business
- Elements of the Communication Process
- Oral or Spoken Communication
- Written Communication
- Distinction between Oral Communication and Written Communication
- Gestural Communication
- Visual Communication
- Distinction Between Gestural and Visual Communication
- Internal Communication
- External Communication
- Distinction Between Internal and External Communication
- Formal Communication
- Informal Communication or Grapevine
- Distinction Between Formal and Informal Communications
- Horizontal Communication
- Vertical Communication
- Diagonal Communication
- Barriers to Communication
- Overcoming the Barriers to Communication
- Current Trends in Business Communication
- Overview of Business Communication
Business Correspondence
- Needs and Functions of Business Correspondence
- Elements and Components of Business Letters
- Essentials of a Good Business Letter
- Types of Letters
- Overview of Business Correspondence
Reports and Report Writing
- Meaning and Definition of a Report
- Characteristics of Reports
- Purposes or Functions of Reports
- Essentials of a Good Report
- Format of a Report
- Types of Reports
- Overview of Reports and Report Writing
Various Business Entities
- Sole Proprietorship
- Concept of Partnership
- Difference Between Partnership and Sole Proprietorship
- Private Limited Company
- Public Limited Company
- Difference Between Private Company and Public Company
- Overview of Various Business Entities
Sources of Business Finance
- Kinds of Shares> Equity Shares
- Kinds of Shares> Preference Shares
- Concept of Debentures
- Retained Profits
- Loans
- Public Deposits
- Trade Credit
- Accounting Treatment> Discounting the Bill of Exchange
- Global Depository Receipts (GDRs)
- Angel Investors
- Venture Capitalists
- Crowd Funding
- Peer-To-Peer Funding
- Factoring
- Overview of Sources of Business Finance
Globalisation
- Globalisation
- Nature of Globalisation
- Opportunities and Threats of Globalisation
- Transformation of Business by Globalisation
- Overview of Globalisation
E-Business
- Concept of E-business
- Comparative Study of E-Business
- Nature of E-Business
- Importance of E-Business
- Online Means of Conducting Business
- Overview of E-Business
Outsourcing
- Concept of Outsourcing
- Parties Involved in Outsourcing
- Concept of Outsourcing
- Business Process Outsourcing (BPO)
- Knowledge Process Outsourcing (KPO)
- Legal Process Outsourcing (LPO)
- Overview of Outsourcing
Business Regulators and Intermediaries
- Concept of Regulators and Intermediaries
- Reserve Bank of India (RBI)
- Securities and Exchange Board of India (SEBI)
- Insurance Regulatory and Development Authority of India (IRDAI)
- Pension Fund Regulatory and Development Authority (PFRDA)
- Food Safety and Standards Authority of India (FSSAI)
- Bureau of Indian Standards Authority (BISA) - Indian Standard Institute (ISI)
- Overview of Business Regulators and Intermediaries
Estimated time: 39 minutes
CISCE: Class 12
Definition: Training
- "Training is the act of increasing the knowledge and skills of an employee for doing a particular job". - Flippo
- “The term training is used here to indicate only the process by which the aptitudes, skills and abilities of employees to perform specific jobs are increased". - M. J. Jucius
- "Training is an organised procedure in which people learn knowledge and or skill to definite purpose". - Dale S. Beach
- to "Training is the process by which manpower is filled for the particular jobs it is perform." - Dale Yoder
CISCE: Class 12
Key Points: Concept of Training
- Training is the process of increasing the knowledge and skills of employees to perform a specific job efficiently.
- It is a systematic and organised activity carried out after the selection and placement of employees.
- Training is a two-way process, as it involves someone who teaches and someone who learns.
- The main objective of training is to improve the job performance and work efficiency of employees.
- Training helps in preparing employees for higher responsibilities and achieving organisational goals.
CISCE: Class 12
Difference Between Training, Education and Development
| Points of Distinction | Training | Education | Development |
|---|---|---|---|
| Meaning | Imparting job-related skills | Overall growth of employee | Improving general knowledge |
| Purpose | To do the job better | Overall growth of employee | To develop employees |
| Orientation | Job-oriented | Knowledge-oriented | Career-oriented |
| Scope | Narrow | Broader | Broadest |
| Focus | Improves work efficiency | Develops logical thinking | Develops personality |
CISCE: Class 12
Key Points: Types of Training
- Induction or orientation training is given to new employees to familiarise them with the organisation, rules, and work environment.
- Job training provides employees with the skills and knowledge required to perform a specific job efficiently.
- Remedial training is conducted to correct mistakes and improve weak areas in employee performance.
- Safety training creates safety awareness and teaches the use of safety devices to prevent accidents.
- Promotional and refresher training prepare employees for higher positions and update their skills with new methods and technology.
CISCE: Class 12
Key Points: Methods and Techniques of Training
- Training methods are of two types: On-the-Job Training and Off-the-Job Training.
- On-the-Job Training means learning by doing the actual job under the supervision of a superior.
- Apprenticeship Training combines theory and practical training and follows the “earn while you learn” system.
- Internship Training is a joint programme of educational institutions and business firms and is common in professional courses.
- On-the-Job Training is economical and practical but may lead to accidents and unorganized learning.
- Vestibule Training is given in a separate training centre with similar machines and is safe but expensive.
- Classroom Training is conducted in classrooms and is suitable for teaching theoretical knowledge and concepts.
CISCE: Class 12
Difference Between On-the-Job Training and Off-the-Job Training
| Basis of Distinction | On-the-Job Training | Off-the-Job Training |
|---|---|---|
| Work Place | Given at the workplace | Given outside the workplace |
| Trainers | Superiors train employees | Experts or professionals train |
| Cost | Less expensive | Expensive |
| Time | Less time-consuming | Time-consuming |
| Nature | Used for simple jobs | Used for complex jobs |
CISCE: Class 12
Key Points: Hindrances to Training
- Lack of top management support.
- Shortage of funds required for training.
- Shortage of qualified trainers.
- Lack of faith in the usefulness of training.
- Lack of willingness to learn on the part of trainees.
CISCE: Class 12
Key Points: Benefits of Training to Employers
- Enhanced Productivity and Performance – Training increases efficiency and improves quality of work.
- Improved Employee Satisfaction – Training boosts morale by supporting employee growth.
- Talent Retention – Training reduces turnover and helps retain skilled employees.
- Flexibility and Adaptability – Training prepares employees to handle changes effectively.
- Cost Savings – Training reduces errors and improves operational efficiency.
- Innovation and Growth – Training encourages creativity and supports organizational development.
CISCE: Class 12
Key Points: Benefits of Training to Employees
- Skill Development – Training improves existing skills and helps employees learn new skills.
- Career Advancement – Training creates opportunities for promotions and higher responsibilities.
- Increased Confidence – Training builds confidence and helps employees perform tasks with self-assurance.
- Personal Growth – Training supports overall personal and professional development.
- Job Satisfaction and Engagement – Training increases interest in work and improves job satisfaction.
- Recognition and Appreciation – Training shows that the employer values and invests in employees.
