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Showing posts from August, 2019

What is job rotation

What is job rotation? Job Rotation definition and its meaning? Job rotation is a process where employees are shifted between two or more assignments at regular intervals of time in order to give them exposure to all verticals of an organization. It is a pre planned approach to test the skills of the employees so that they can be placed at the right place in an organization. This reduces the monotony of the job and gives them wider experience. Job Rotation Definition According to Wikipedia Job rotation  is a technique used by some employers to rotate their employees' assigned jobs throughout their employment. Employers practice this technique for a number of reasons. It was designed to promote flexibility of employees and to keep employees interested into staying with the company/organization which employs them. There is also research that shows how job rotations help relieve the stress of employees who work in a job that requires manual labor. Edward describes jo...

What is Balanced Scorecard?

The balanced scorecard (BSC) is a performance metric used in strategic management in order to identify and improve various internal functions of a business. It is a tool which enables managers to monitor and measure different levels of performance done by the staff members. It also helps them to control and make decisions basis on performance results. The attribute of balanced scorecard is derived from financial and non financial framework. It includes internal business process and performance based on external outcome. The founder of balance scorecard Kaplan-Norton, defines the balance scorecard as it provides a relevant range of financial and non-financial information. Kaplan and Norton devised a framework based on four perspectives – financial, customer, internal, learning and growth. Benefits of balanced scorecard ·          Better strategic planning ·          Improved strategy communica...

Resignation Letter

How to write a resignation letter? Learn with Example of Resignation Letter given in word doc and pdf format  Resignation letter is the letter given to a company by an employee to the employer or the reporting boss notifying them that person will be discontinuing with the company. Resignation letter is proposed to give minimum two or four week before so that the company can search for the other candidate for the required position. The notice period depends on the company policies it can be from one month to maximum three months. It official announce that employee is resigning and give the final date of resignation. It contain personnel file that demonstrate the date of joining and employment ending. A letter of resignation is draft to inform to HR Department Managers, superiors, and co-workers about your decision to leave your current position/organization/designation/responsibilities/roles Tips to Write Resignation Letter Be sure to include the date, n...