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
Harvard Analytical Framework for Human Resource Management Stake holder Interests Shareholders Management Employee Groups HRM policy HR outcomes Long-Term Government choices Consequences Community Employee Commitment Individual Unions influence Compliance well-being Human resource Congruence Organisational flow Cost effectiveness effectiveness Rewards systems Societal well- Work Systems being Situational Factors Workforce characteristics
Premium Strategic management Human resource management Management
Write the features of HRM Human resources refers to the people that work for an organization and the capabilities of these people. The fun resource management covers (HRM) all the activities that are designed to acquire‚ preserve‚ develop and use th in an organization. The basic purpose of HRM is to make effective and efficient use of human resources of an o towards achievement of the goals and objectives of the organization. The various areas of influence of the HRM include the following.
Premium Training Human resource management
**************** UOP MGT/498 Dr.****************** Due Date Abstract The paper examines some of the internal and external environmental factors which influence the operations of Wal-Mart and Apple. These two organizations have managed to stay ahead of their competitors in the market over the years and this can certainly be attributed to several factors. The paper delves into some of the competitive advantages enjoyed by these corporations which make them popular with
Premium Marketing SWOT analysis Strategic management
development. It is the management of people/staff in order for them to make contributions to the objectives of the organisation. “HRM is the body of management activities and used in this way HRM is really no more than a more modern and supposedly imposing name for what has long been labelled personnel management” (Torrington et al‚ 2009). The best way to describe HRM is to look at what it aims to achieve i.e. its four key objectives: 1) Staffing – includes recruiting staff‚ up-skilling of staff
Premium Human resource management Human resources
[hrm 307 – international human resource management] | Research Question: It has been suggested that global companies ‘are chartacterized by geographical dispersion‚ demands for rationalization and differentiation‚ and cultural diversity.’ (Bratton & Gold‚ 2012) What challenges do these factors present for international HR directors when designing core HR functions such compensation‚ training‚ recruitment and selection? Do these challenges suggests that managing International HR is inherently
Premium Human resources Management Human resource management
help to ensure that as an employee‚ they are always doing what is right‚ both ethically and morally. As an HRM professional‚ being knowledgeable of what the EEO (Equal Employment Opportunity) is and how it is beneficial to an organization is important. An HRM will also need to know what rights an employee has as this will be an important factor for the HRM. Therefore‚ it is wise for an HRM to learn what acts and issues there have been in the past that have created certain policies‚ as well as laws
Premium Law Employment Privacy law
210–224. Ojlsson‚ I 2005‚ ‘Smarter Faster Better ’‚ HR Monthly‚ July‚ pp. 24-29 Patrickson‚ M & Ranzijn‚ R 2005‚ ‘Workforce Ageing: The Challenges for 21 Century Management ’‚ International Journal of Organisational Behaviour‚ vol. 10‚ no. 4‚ pp. 729-739 Pocock‚ B 2005‚ ’Work-life ‘Balance ’ in Australia: Limited Progress‚ Dim Prospects ’ ’‚ Asia Pacific Journal of Human Resources‚ vol. 43‚ no. 2‚ pp. 198–209. Rance‚ C 2005‚ ‘Lost in Translation ’‚ HR Monthly‚ March‚ pp. 22-28. Stone‚ R J 2006‚ Managing
Premium Human resource management Management Human resources
commitment in the work force. (Price‚ 2000) Strategic HRM is a general approach to the strategic management of human resources in harmony with the intentions of the organisation on the future direction it has decided to take. It is concerned with longer-term people issues and macro concerns about structure‚ quality‚ culture values commitment and matching resources to meet future needs. (CIPD‚ 2008) ‘According to Armstrong(2006‚ pg 115)‚ Strategic HRM is an approach to making decisions on the intentions
Premium Human resource management
INTRODUCTION INTRODUCTION TO THE TOPIC In every organization the HR has a crucial role in building the organizational culture and also moulding the ethical character of the workforce. Through the role of role of HR is evolving and assuming more strategic significance‚ it is still widely recognized as the policing arm of the executive management. The HR has responsibility for all the functions that deal with the need and activities of the employees. Hiring‚ training‚ leadership development‚
Premium Yarn Fiber Polymer