INTRODUCTION OF LIFE INSURANCE CORPORATION OF INDIA. The Life Insurance Corporation of India (LIC) is the largest life insurance company in India and also the country’s largest investor. It is fully owned by the Government of India. It also funds close to 24.6% of the Indian Government’s expenses. It was founded in 1956. Headquartered in Mumbai‚ which is considered the financial capital of India‚ the Life Insurance Corporation of India currently has 8 zonal Offices and 101 divisional offices located
Premium Human resource management
McDonald’s is the world’s largest chain of hamburger fast food restaurants. McDonald’s and its franchises operated more than 33‚000 McDonald’s restaurants in 118 countries and serve 64 million customers each day. The company also operates other restaurant brands‚ such as Piles Café. McDonald’s is the largest food service company in the world. In 2010‚ the annual total revenues are 24‚075 millions. It is also one of biggest employers in the United States‚ with over 1.7 million workers (our company)
Premium Hamburger Fast food Fast food restaurant
of Ethics in HRM The Human Resources Management has a code of ethics. It offers guidance in the areas of professional responsibility‚ professional development‚ ethical leadership‚ fairness and justice‚ conflicts of interest‚ and use of information. Among other things‚ it establishes an expectation that an HR professional: • Add value by contributing to the ethical success of their organization‚ • Practice HR at high level of professional competence‚ • Serve as a role model for others to
Premium Airline Ethics Lufthansa
relationship between Human Resource Management (HRM) and productivity. HRM includes incentive pay (individual and group) as well as many non-pay aspects of the employment relationship such as matching (hiring and firing) and work organization (e.g. teams‚ autonomy). We place HRM more generally within the literature on management practices and productivity. We start with some facts on levels and trends of both HRM and productivity and the main economic theories of HRM. We look
Premium Productivity Human resource management
control-based model to the compliance model. The soft edge of the latter involves eliciting employee commitment and expecting effectiveness and efficiency to follow. This has come to be known as the Harvard Model of Human Resource Management and was proposed by Beer et al in 1984. The hard edge involves ridding the organization of unnecessary layers of middle management which‚ when stripped of control functions‚ have very little by way of value added. This has come to be known as the Michigan Model of Human
Premium Management Human resource management Human resources
m e s On completion of this chapter you should: ●● have a good appreciation of what the ‘people management’ function in contemporary organisations comprises know what we mean by the term ‘human resource management’ (HRM) and how this differs from the earlier ‘personnel management’ (PM) concept of the function have some appreciation of the theoretical development of HRM understand the relationship between HRM and business strategy have an appreciation of the practical application of HRM understand
Premium Human resource management Management Human resources
Synopsis The novel follows a classical tripartite structure‚ and the titles of each book are related to Galatians 6:7‚ "For whatsoever a man soweth‚ that shall he also reap." Book I is entitled "Sowing"‚ Book II is entitled "Reaping"‚ and the third is "Garnering." [edit]Book I: Sowing Mr. Gradgrind‚ whose voice is "dictatorial"‚ opens the novel by stating "Now‚ what I want is facts" at his school in Coketown. He is a man of "facts and calculations." He interrogates one of his pupils‚ Sissy‚ whose
Premium Hard Times
HRM Means HRM is the organizational function that deals with issues related to people such as compensation‚ hiring‚ performance management‚ organization development‚ safety‚ wellness‚ benefits‚ employee motivation‚ communication‚ administration‚ and training. HRM is also a strategic and comprehensive approach to managing people and the workplace culture and environment. Effective HRM enables employees to contribute effectively and productively to the overall company direction and the accomplishment
Premium Human resource management
ARNOLD‚ J. (1997). Managing careers into the 21st century. London: Paul Chapman. BARRIE‚ J. & PACE‚ W. (1997). Competence‚ ef® ciency and organizational learning. Human Resource Development Quarterly‚ 8(4)‚ 335± 342. BOXALL‚ P.F. (1996). The strategic HRM debate and the resource based view of the ® rm. Human Resources Management Journal‚ 6(3)‚ 59± 75. BRIDGES‚ W. et al. (1994). The future of workplace learning and performance. Training and Development Journal‚ 48(5)‚ 36± 47. CASEY‚ K. (1999). The changing
Premium Management Human resource management Strategic management
Mediterranean University‚ Mersin‚ Turkey Effects of nepotism on HRM 295 Ali Bavik Department of Tourism and Hospitality Management‚ Cyprus International University‚ Mersin‚ Turkey‚ and Erdogan H. Ekiz Department of Hotel and Tourism Management‚ The Hong Kong Polytechnic University‚ Kowloon‚ Hong Kong Abstract Purpose – The purpose of this study is to investigate the potential effects of nepotism on human resource management (HRM) practices through the use of Turkish Cypriot hotel employees
Premium Management Strategic management Scientific method