Human Resource Management. Recruitment and selection report. February 2008 1770 Words Human Resources Management. Human Resources Management (HRM) is described by Michael Armstrong in A Handbook of Human Resource Management Practice as “strategic and coherent approach to the management of an organization’s most valued assets - the people working there who individually and collectively contribute to the achievement of the objectives of the business” . One of the main parts of HRM is the
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Cost reduction Generally defined as the act of cutting costs to improve profitability. Cost reduction‚ should therefore‚ not be confused with cost saving and cost control. Cost saving could be a temporary affair and may be at the cost of quality. Cost reduction implies the retention of essential characteristics and quality of the product and thus it must be confined to permanent and genuine savings in the costs of manufacture‚ administration‚ distribution and selling‚ brought about by elimination
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Opportunity to join a NAVRATNA Company as Management Trainee (Technical / F&A / HR & Welfare / Corporate Communications) Rectt. Advt. No. : 04/2013 Rashtriya Ispat Nigam Limited - Visakhapatnam Steel Plant (RINL-VSP) is India’s first shore-based integrated Steel Plant built with state-of-the-art technology and is a prime producer of long steel products in the country having extensive market in infrastructure‚ construction‚ automobile‚ electrical and forging industry. With an annual turnover of
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Sources of finance Some sources of finance are short term and must be paid back within a year. Other sources of finance are long term and can be paid back over many years. Internal sources of finance are funds found inside the business. For example‚ profits can be kept back to finance expansion. Alternatively the business can sell assets that are no longer really needed to free up cash. External sources of finance are found outside the business. For example from creditors or banks. Internal
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Source 20-1 Source Analysis Harmanan Dhamija Source A is a quote illustrating the concept of ultra-nationalism. This is extreme devotion to or advocacy of the interests of a nation‚ especially regardless of the effect on any other nations. This is proven when the author states “the English are best at everything”. From this it can be presumed that the author clearly favors ideas like Ethnocentrism‚ Imperialism‚ Inequality and Hierarchy. The author says “After all‚ we’re not savages”‚ this relates
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TOTAL DIRECT LABOR COST VARIANCE CAN BE SPLIT INTO • Direct labor rate variance (P) Calculation: actual total labor costs - (total actual labor hours worked x budgeted labor hour rate) Interpretation: calculates the portion of labor costs variance driven by the changed labor rate per hour Possible reasons for variances: changes in staff qualification and skills‚ general increase of wages in economy‚ premiums paid to finish a job quickly‚ poor budgeting • Direct labor quantity (efficiency) variance
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Alternative Energy projects. Restricting carbon emissions will not damage the economy. Reducing carbon emissions across the globe will not only help the earth’s climate by limiting global warming but also increase the cost for businesses. Aaron Ezroj believes “it will create many business opportunities in the financial sector‚ low carbon technologies‚ carbon capture-and-storage projects‚ advanced technology vehicles‚ and legal and nonlegal consulting.” A national policy
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ABSTRACT The electronic recruitment (e-recruitment) systems are used to facilitate and improve human resource management. They address the needs of employers and job-seekers via internetworking means which increase the speed of employment‚ and improve the quality of recruitment and services. They become vital assistance to human discrimination to put right people in right places. Due to the rapid change in jobs demands and the required specialization and experience‚ it becomes more and
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this background that we find the service mix more flexible in nature. The recruitment and training programmes are required to be developed inthe face of technological sophistication. The leading hotel companies have beenfound promoting an ongoing training programme so that the personnel come toknow about the use of sophisticated communication technologies. RECRUITMENT Recruitment is defined as‚ “a process to discover the sources of manpowerto meet the requirements of the staffing schedule and to employ
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Product cost is the cost of direct labor‚ direct materials‚ and manufacturing overhead that are consumed to create a product. Product cost can also be considered the cost of the labor required to deliver a service to a customer. Direct Material Cost Definition: Direct material cost is the cost of materials used to manufacture a product or provide a service. Direct Labor Definition: Direct labor is production or services labor that is assigned to a specific product‚ cost center‚ or work order
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