Six Sigma Methods
Methods DMAIC is used for projects aimed at improving an existing business process. DMADV is used for projects aimed at creating new product or process designs. DMAIC The DMAIC project … Read More
360-degree Feedback
Definition 360-degree feedback is an evaluation method that incorporates feedback from the worker, his/her peers, superiors, subordinates, and customers. Results of these confidential surveys are tabulated and shared with the … Read More
Human Resource Audit
According to Dale Yoder “Refers to the evaluation and examination of policies , practices and procedures to determine the effectiveness and efficiency of human resource.” SCOPE OF HUMAN RESOURCE AUDIT … Read More
Definition of Human Capital
The set of skills which an employee acquires on the job, through training and experience, and which increase that employee’s value in the marketplace.“Human Capital is the productive capacity embedded in an individual that result from natural capability, education, training and experience”
Demand For Human Capital
Demand for labour capital explains the relationship between availability of labour and wage-scale. If the number of labour increases the wage rate per labour decreases , because supply of labour is … Read More
Factors determining working capital requirements
Nature of business Size of business Production policy Manufacturing process Seasonal variations Working capital cycle Rate of stock turn over Credit policy Business cycles Rate of growth of business Price … Read More
Working Capital
Working capital may be regarded as the life blood of business. Working capital is of major importance to internal and external analysis because of its close relationship with the current … Read More
Over Capitalization
If a company raises more capital (by the issue of shares and debentures and through long-term loans) than is warranted by the figure of capitalization of its earning power, the … Read More
Under-Capitalization
Under-Capitalization -Under-capitalization is just the reverse of over-capitalization. Sometimes a company, on the face of it, may have an insufficient capital but it may have large secret reserves Thus, in case of … Read More
Financial Forecasting
It is, therefore, necessary for a new concern to estimate its requirements of funds properly. The financial requirements of a new company may be outlined under the following heads: 1. Cost … Read More