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Human Resource Planning - Objective, Process and Technique

Human Resource Planning (HRP) Human Resource Planning (HRP) is the process of forecasting the future human resource requirements of the organization and determining as to how the existing human resource capacity of the organization can be utilized to fulfill these requirements. HRP process which helps the management of the organization in meeting the future demand of human resource in the organization with the supply of the appropriate people in appropriate numbers at the appropriate time and place. HRP - Objective Following are the few main objectives of HR Planning - Meet organizational needs  Relate the human resources to the future needs of the company, in order to recover the maximum investment in human resources  Couple or adjust employee skills to the needs of the company by emphasizing the future instead of the present  Forecast the demand for labor, or how many workers the company will need in the future  Provide the supply of labor, or the availability of workers w

Concepts and Perspectives in HRM

In my previous post I gave an overview of NET. Now as mention by UGC the NET will be held on 8 july 2018, we will start covering the syllabus topics.  For the complete syllabus click here I am starting with HRM (Human Resource Management) Concepts and Perspectives in HRM HRM is concerned with the human beings in an organization. “The management of man” is a very important and challenging job because of the dynamic nature of the people. No two people are similar in mental abilities, tacticians, sentiments, and behaviors; they differ widely also as a group and are subject to many varied influences. People are responsive, they feel, think and act therefore they can not be operated like a machine or shifted and altered like template in a room layout. They therefore need a tactful handing by management personnel. HRM is the process of managing people of an organization with a human approach. Human resources approach to manpower enables the manager to view the people as an impo

NET Overview

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Hi all… after a long time again I am writing here, this time purpose is different. This time the purpose of writing is to help the NET (National Eligibility Test) management aspirants. This is all about helping and sharing. I will try to cover the entire syllabus and will try to discuss all important aspect of NET Management. I will share some notes also, so be here and don't miss any post. What is NET ?? The UGC conducts National Eligibility Test (NET) to determine eligibility for lectureship and for award of Junior Research Fellowship (JRF) for Indian nationals in order to ensure minimum standards for the entrants in the teaching profession and research. NET EXAM Pattern Now the NET exam will have 2 (1 general + 1 subject wise) papers, earlier it was 3 papers (1 general + 2 Subject wise). Both the papers will have only the objective types of questions. On behalf of UGC, the CBSE announces holding of the NET on 8 July 2018 in two seprate sessions as under

Trading Strategies

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While every trade involves some degree of risk. Some says it’s gambling, for some it’s an art, for some it is a game of luck. Every body loves to make money. Traders come in the market with fancy dreams but due to some little mistakes many traders loss their money (Some get bankrupt). I believe every trader must have a rule or guideline for trading and must adhere to it. As per my personal experience below is some strategy for successful trading. 1)    Never Overtrade Greed is the enemy of your profit and friend of your loss. Be selective about the risks you take. Restrict your trades to the most profitable position. Do your homework and reduces impulsive and emotional trades. Try to make only 1-2 Positions at a time so you can concentrate and can get maximum profit from it.   2) Trade with Trends   Trend can be categories as Lower, Upper and Sideway. Lower and Upper trends are very easy, any one can understand it by seeing the graphs or by watching the price. Si

1990s Harshad Mehta scam

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The top photo is of Harshad Mehta in 1991 with his Lexus and the photo under it is that of the same person but being escorted by police in 1992 for fraud. Mr Mehta, nicknamed Big Bull, was a flamboyant stock broker of Mumbai who rose to instant fame in 1991 due to his aggressive strategies of stock market. He bought a Lexus, a sprawling house with swimming pool and a golf course!! But not many knew about his fraudulent methods.He exploited every possible loophole in banking systems to make quick money illegally. Two such loopholes were Ready Forward (RF) and Bank Receipts (BR). Let me try to explain in simple words how he exploited the system. At any point of time, there would be banks wanting to sell their securities (like bonds/shares) for cash and there would be banks wanting to buy securities by offering cash. He used to act as a middleman between such banks. Suppose SBI wanted to sell securities and ICICI wanted to buy securities. He would go to SBI and assure t

Selling Skills

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Selling is an integral part of the most of the business. Many companies invest uncountable money to teach their employee “How to sell effectively?” In the early days it was not necessary because no competition or very less competition was there but now the era, the business models, the products, the target groups (segments) etc. has been changed. The more and more you will sell the more and more revenue you will add in your balance sheet. Sales are one of the most financially rewarding jobs now. Sales can hardly be boring, because it deals with different peoples. It is one of the exciting and challenging careers. Now-a-days there are N numbers of training centers who teach selling skills, but as per my experience, no body can teach a person how to sell. What other can do is just share their own experience which helps others to create their own mentality for the selling. Every body has their own way of selling. There are 2 pillars which determine the quality of selling: Communication

Magic With Math

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“Mathematics may be defined as the subject in which we never know what we are talking about, nor whether what we are saying is true.” - Bertrand Russell Mathematics is really a very interesting subject. Many fears from it, but whenever you get the logic behind it, you simply love it. Mathematics is one of my favorite subjects. I have found some very interesting patterns, which are very interesting and not less than any magic. I would like to share it with all of you – 1 * 8 + 1 = 9 12 * 8 + 2 = 98 123 * 8 + 3 = 987 1234 * 8 + 4 = 9876 12345 * 8 + 5 = 98765 123456 * 8 + 6 = 987654 1234567 * 8 + 7 = 9876543 12345678 * 8 + 8 = 98765432 123456789 * 8 + 9 = 987654321 1 * 9 + 2 = 11 12 * 9 + 3 = 111 123 * 9 + 4 = 1111 1234 * 9 + 5 = 11111 12345 * 9 + 6 = 111111 123456 * 9 + 7 = 1111111 1234567 * 9 + 8 = 11111111 12345678 * 9 + 9 = 111111111 123456789 * 9 + 10 = 1111111111 9 * 9 + 7 = 88 98 * 9 + 6 = 888 987 * 9 + 5 = 8888 9876 * 9 + 4 = 88888 98765 * 9 + 3 = 888888 987654 * 9 + 2 = 8888888 9