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
standards are strategic tools that reduce costs by minimizing waste and errors‚ and increase productivity. They help companies to access new markets‚ level the playing field for developing countries and to achieve their objectives. It is impossible not to take into account the fact‚ that every organization‚ regardless of its mission‚ strives to reach objectives through its workforce. Successful results are achievable if all members of the organization team know and share strategic goals and know
Premium Management Human resource management Organization
are operating is highly competitive. The nature of competition requires the management of the company to have a strategic clarity and all the business operations should be working in same direction. Their service portfolio includes mobile phone connection including 2G and 3G networks‚ broadband internet in homes and on mobiles (www.vodafone.com‚ 2011). In order to understand the strategic human resource activities of the organization is very important to understand that what company all about is.
Premium Human resource management Recruitment Human resources
activity of examining the moral standards of a society‚ and asking how these standards apply to our lives and whether these standards are reasonable or unreasonable‚ that is‚ whether they are supported by good reasons or poor ones. Role 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
Premium Airline Ethics Lufthansa
work and behavior. Help them begin the process of becoming socialized into the firm’s ways of acting and doing things. The Training Process Training The process of teaching new employees the basic skills they need to perform their jobs. The strategic context of training Performance management: the process employers use to make sure employees are working toward organizational goals. Web-based training Distance learning-based training Cross-cultural diversity training The Training and Development
Premium Management Skill Learning
Abstract The following essay is an effort to understand the notion that human resource functions cannot be performed in isolation. There is an intense need to identify the external and internal factors that influence the HRM functions and practices. The essay also identifies how successful companies like Nokia‚ Sony‚ Panasonic‚ Ikea‚ Commonwealth bank‚ have managed the impact of various internal and external factors to become leaders in their industry. Human resource management has achieved significant
Premium Human resource management Human resources
Human Resources Management (HRM) Session Outcomes: • Discover the global trends affecting human resources management‚ • Describe the impact these trends are having on organizations and the management of human resources‚ • Develop an appreciation of the changing role of human resources management in supporting organizational strategy. Emerging Trends in Human Resources Management (HRM) • How would you define or describe Human Resources Management (HRM)? – What is it? – How do you
Premium Human resource management Management Strategic management
style where he will consult many employees in the organisation before taking any important decision regarding the company’s future. Certain theories relating to leadership are needed in many organizations for it to perform on a high scale. 1) Trait approach to leadership-Managers can utilize the information from the theory to evaluate their position in the
Premium Management
and personnel policies and techniques as to ensure that the workers full prospective or potential can be achieved. According to Storey (2001:5) Human Resource management is defined as ‘a distinctive approach to employment management which seeks to achieve competitive advantage through the strategic deployment of a highly committed and capable workforce‚ using an integrated array of cultural‚ structural and personnel techniques.’ Marchington and Wilkinson‚ (2002) identified through research that
Premium Human resource management Human resources
Introduction to HRM EBB740A05 Practice Exam 1. _______ refers to a company’s ability to maintain and gain market share in its industry. A) Outsourcing B) Competitiveness C) Self-efficacy D) Empowerment 2. A strategic architect is one who: A) develops talent and designs reward systems. B) facilitates change. C) implements workplace policies conducive to work environment. D) recognizes business trends and their impact on the business. 3. All Stakeholders are shareholders. A) True B) False 4. Which
Premium Human resource management