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Showing posts from April, 2023

PERFORMANCE MANAGEMENT (Blog - 4)

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 PERFORMANCE MANAGEMENT WHAT IS THE PERFORMANCE MANAGEMENT Performance management is a process used by organizations to assess and improve the performance of their employees. It involves setting clear performance expectations, monitoring progress, providing feedback, and taking action to improve performance where necessary. The goal of performance management is to create a culture of continuous improvement, where employees are encouraged to develop their skills and capabilities, and where the organization as a whole is able to achieve its goals and objectives. The performance management process typically includes the following steps: Setting performance expectations: This involves setting clear, specific, and measurable performance expectations for each employee. Monitoring performance: This involves tracking employee performance throughout the year, through regular check-ins, progress reports, and performance reviews. Providing feedback: This involves giving employees regular feedback

IMPACT OF REWARDS ON EMPLOYEE ENGAGEMENT (Blog 3)

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  IMPACT OF REWARDS ON EMPLOYEE ENGAGEMENT  EMPLOYEE ENGAGEMENT. Employee engagement refers to the level of commitment and emotional investment that an employee has towards their job and the organization they work for. It is a measure of how motivated and dedicated employees are towards their work, their colleagues, and their organization. Engaged employees are more likely to be productive, innovative, and loyal, which ultimately contributes to the success of the company. There are several factors that can impact employee engagement, including the company culture, leadership style, job satisfaction, work-life balance, recognition and rewards, and opportunities for growth and development. Employers can improve employee engagement by creating a positive work environment, providing regular feedback and communication, recognizing and rewarding employee contributions, and offering opportunities for career advancement. Effective employee engagement strategies can not only boost employee mora

Human Resource Management Practices in Banking (BLOG 1)

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HRM Definition   To manage and organize an organization's human resources in order to accomplish its goals and objectives is known as human resource management (HRM). Employer relations, performance management, salary and benefits, training and development, and recruiting and selection are just a few of the operations that fall under the umbrella of human resource management (HRM). The primary goal of HRM is to maximize the productivity and effectiveness of an organization's employees while also ensuring that their needs are met and their rights are protected. Effective HRM practices can help to create a positive and supportive work environment, increase employee engagement and satisfaction, reduce turnover rates, and improve overall organizational performance. HRM also plays a critical role in developing and implementing policies and procedures that are compliant with employment laws and regulations, such as those related to equal opportunity, workplace safety, and employee pr