Selection Process in Human Resource Management

Selection Process Selection activities usually follow a standard pattern, beginning with an initial screening interview and concluding with the final employment decision. It is very important for human resources management because this process help human resources personnel to identify the candidate with the necessary qualification to perform successfully in the job. Selection process has several steps which are as follows: Initial Screening: To further proceed with recruiting efforts, human resources management has to initiate a preliminary review of the potentially acceptable candidates. There are two steps for this screening procedure. (1)The screening of inquiries and (2)The provision of screening interviews. Once the screening process is successful, an organization will have a pool of potential candidate. On the basis of job description and job specification, many of the candidates have been removed from the potential list. These occur due to irrelevant experience or inadequate qualification and education. The provision of screening Continue reading

Social Research – Definition, Steps and Objectives

Definitions of Social Research The term ‘social research’ has been defined by different scholars differently. The few definitions are as follows: Prof. C.A. Moser defined it as “systematized investigation to give new knowledge about social phenomena and surveys, we call social research”. Rummel defined it as “it is devoted to a study to mankind in his social environment and is concerned with improving his understanding of social orders, groups, institutes and ethics”. M.H. Gopal defined it as “it is scientific analysis of the nature and trends of social phenomena of groups or in general of human behavior so as to formulate broad principles and scientific concepts”. Mary Stevenson defined it as “social research is a systematic method of exploring, analyzing and conceptualizing social life in order to extend, correct or verify knowledge, whether that knowledge aid in the construction of a theory or in the practice of an art. A Continue reading

Case Study: Siebel’s Solution for Tata Motors

TATA Motors is India’s foremost, and the only fully integrated automobile manufacturer. Established in 1945 as TATA Engineering & Locomotive Company (TELCO), to manufacture locomotives and other engineering products, the company is today among the world’s top 10 producers of commercial vehicles. TATA Motors was also previously known as TATA Engineering. It is today one of the biggest and most prominent companies in the TATA group, with an annual revenue of $1.8 billion in 2001-02. Today TATA motors’ vehicles run in more than 70 countries. TATA Motors use a manual dealer management system, where every dealer managed details. With legacy-based systems, the environment produced inconsistent data, making interpretations difficult and resulting in inefficient planning for capacity and spare parts. The basic challenge was to provide a Dealer Management System (DMS) solution. All in all, TATA Motors required a standardized solution that would provide them with: Increase in sales and profitability Continue reading

Isoquants or Equal Product Curves

Isoquant literally means equal quantity or the same amount of output. The Isoquant is a locus of points showing that different combinations of factor-inputs give the same quantity of output. The Isoquant is also called Equal Product Curve. Let us consider an Isoquant schedule. An Isoquant schedule shows that different combinations of factor inputs give same quantity of output. Factor Combination Units of Factor X Units of Factor Y Quantity of Output A 1 9 20 units B 2 6 20 units C 3 4 20 units D 4 3 20 units Let us plot the graph with factor X shown on the X-axis and factor Y on the Y-axis. Plotting the factor combinations; viz. points A, B, C and D respectively and joining these points we get the curve. This is an Isoquant representing 20 units of output. Thus different points on the same Isoquant curve show that different Continue reading

Difference between Cash Credit and Overdraft

Cash credit  is  a short-term cash loan to a company.  A bank provides this type of funding, but  only after the required security is given to secure the loan. Once a security for repayment has been given, the business  that receives the loan can continuously draw from the bank up to a certain specified amount. This type of financing is similar to a line of credit. Furthermore, cash credit is a facility to withdraw the amount from the business account even though the account may not have enough credit balance. The limit of the amount that can be withdrawn is sanctioned by the bank based on the business cycle of the client and the working capital gap and the drawing power of the client. This drawing power is determined, based on the stock and book debts statements submitted by the borrower at monthly intervals against the security by hypothecating of Continue reading

General Self-Efficacy Scale (GSE)

Self-efficacy can be defined as an individual’s belief concerning their ability to meet desired outcomes in life and was first introduced by Albert Bandura. Bandura sets an establishment of relationship between a person’s own perceived self-efficacy and their attempt he/she is willing to expend to face challenges and goals throughout their life, specifically cognitive, affective, and motivational. The Cognitive Social Theory was framed by Bandura and his perceived self-efficacy which then became widespread as Mathias Jerusalem and Ralf Schwarzer established the one-dimensional, universal construct of the General Self-Efficacy Scale (GSE). The General Self-Efficacy Scale (GSE) was later created by Jerusalem and Schwarzer which was developed in German in 1979. It later was adapted into 26 other languages by a various number of co-authors and was originally twenty items but was reduced to 10 in 1981. Actions can be seen as preshaped in thought and once certain actions are thought of Continue reading