Is Training & Development Same?

In order to ensure its competitive position in the market, a company must carry out training and developmental programs for their employees. Training and development is a very important part of an organization and has a vital role in human resource management. It is the best way to upgrade the skills of the employees as per the changing environment and according to the rising competition in the market. Training and development always give a higher quality output from the employees. Most of the companies consider training and development programs as a fundamental part of the human resource development (HRD) activity.

Most of the organizations consider training and development as one and the same thing. The truth is a bit different. Training and development are two different branches of the same tree. Training basically refers to the process of conferring job-related specific skills to the employees. The concern of training is to enhance the skills of an employee for a specific job and is provided time by time whenever the need of an upgradation is felt. It is mostly for the operatives. Whereas development refers to all those learning activities designed to help the employee grow. It does not only emphasize on developing the skills but all those attributes which will be helpful to the employees in their higher designations or in the near future. These are usually psychological oriented programs designed by the professionals in the job mainly for the managerial staff of the organization.

Previously, many of the organizations did not believe in training and development. They were of the view that the staff enters the organization with all the skills in their hands. They also believed that these programs involve much cost and are not worthy. However, according to the modern approach, the organizations feel like training and development are more of retention and thus invests more in it.

Article Source: HR Community Forum

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Compensation and Benefits

What is Performance Appraisal System and its Importance?

Performance Appraisal is a system followed by almost every organization. Performance appraisal system is basically designed and structured to analyze and evaluate the performance of an employee throughout the year and to determine the potential for improvement and development. The factors which are to be measured are:

Job knowledge
Leadership abilities
Punctuality
Output
Behavior etc.

Performance appraisals helps to bring the promotions, confirmations, compensation reviews, bonus, improved communications, training and development, competence, evaluation of HR programs. There are two approaches to the performance appraisal system.

1. Traditional Approach: The traditional approach and the modern approach. The traditional approach includes different appraisal methods like rating scales, force choice method, force distribution method, ranking method, paired comparison method, critical incident method, behaviorally anchored method, confidential reports.

2. Modern Approach: The modern approach is the 360-degree feedback system. The 360-degree feedback system is now used globally and most of the organizations have adopted it. It is a process in which the employee receives a confidential assessment from his fellow employees like his manager, peers and direct reports, coworkers, and customers. This method allows the employee to get a feedback not only from the manager but from four to eight other people which can aid him in further growth and development.

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Compensation and Benefits

Compensation is the benefit or reward given to an employee or worker of a company. It is actually a monetary benefit which is given to the worker in response of his services or labor to the company. This compensation given to the employees is in the form of salary, wages or bonuses. This compensation motivates the employees, build their career, and makes sure that the employees are devoted in achieving the goals of the company or organization.

Compensation holds much importance both for the employer and the employee. It is important for the organization to contemplate its vision, its aims and strategies and then they design the compensation system in a way which links and aligns all these constituents. All this process of compensation is administered by the HR department of the organization. The compensation package designed by the HR should be attractive so that it helps to motivate the employees more and should justify the work taken by them. The compensation system is also designed so that is ensures that the organization’s turnover rate remains low and should inspire the worker to keep on the hard work. The compensation is usually according to the position, responsibility and qualification of the employee. The organization not only offer monetary rewards but sometimes some companies also offer non-monetary incentives to the employees.

A typical compensation system has different components:

Completely fixed, a fixed component along with some variable component and an entirely variable component. The completely fixed is received per month or per year. The fixed along with variable component is decided based on if the employee has met his targets and his rating and the entirely variable is dependent on the rating received at the time of evaluation.

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How necessary an experience or relieving letter should be for securing a new job?

The intent of issuing the experience or reliving letter is almost the same. A reliving letter is issued to the employee when he is leaving the organization. In simple words, a reliving letter is the documented proof that a person has fulfilled his responsibilities in a certain company, at a certain position, during the specific time period.

However, the issue is that most of the employees while leaving the company don’t even think about getting their experience or reliving letter. They are in such a hurry to get their dues cleared and join another organization that they don’t even ponder over the consequences they might encounter due to the absence of experience letter.

In India, relieving letter holds great significance as it is issued to the employees who serve the notice period. If by any chance, an employee ignores the significance of reliving letter by fleeing the notice period then he/she has to face severe complications in finding other jobs. Where ever you go, every company asks you for the documented proof of the duration you spent in your previous company. Without that proof, no company should consider the Candidate.

If you are an HR Manager, small business owner or a recruiting manager then:

What is your take on this issue? Will you seriously consider hiring a person in your organization who eloped the notice period in his/her previous organization?

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What is the Process of Recruitment?

The recruitment process is a critical part of the human resource management. To recruit an employee a proper strategy is planned. Recruitment is basically the process of finding the most appropriate candidate from a pool of applicants. The selection of an applicant is most often considered one of a very vital function in an organization. The organization execute a proper staffing plan and decide how many employees that can recruit. This decision is made on various internal and external factors. The internal factors are annual budget of the organization, production levels, global expansion plans, while the external factors include changes in technology, changes in law, ratio of unemployment etc.

Though it might seem easy and not a tedious task, but recruitment of the right person, with right skills, for the right position takes a lot of practice, experience, talent and a perfect strategy. The first and obvious step in recruitment is the acknowledgement of a job vacancy in the organization. The human resource management then comes up with a job description for the vacancy. Looking up to the job description the HRM decides to first find an employee from the internal staff. If any person from the internal staff meets the requirement of the job, he/she is motivated to apply for the job. however, advertising the job openly for internal staff and outside member brings more diversity to the organization.

The next step is the receiving of applications, which must be handled with great respect and should be examined thoroughly. The manager of the selection committee analyses all the applications and then short-list the candidates which meet the selection criteria. The selection criteria include education, competence, experience, skills, personality. After shortlisting the candidates, interviews are conducted. Then the successful candidates are formally notified.

The Future of Human Resource: Artificial Intelligence Realities

Human resource (HR) is one of the field that will be positively be impacted by Artificial Intelligence (AI). For instance, the functions of the supply chain have undergone massive changes and warehouses have been robotized to new standards. Additionally, other corporate and support functions have also embraced this technology wave, but they differ regarding pace and speed. The perfect illustration today is human resources where pioneer organizations have started to shift towards digital HR although most of the companies are still ion the conceptualization and reflection stages. On the one hand, there exist a feeling that is overwhelming and one that is related to the immensity of the possible on matters related to the offering of the HR technologies and on the other hand, there exists a dire need to answer the ever-growing expectations from a workforce that is evolving.

The main equation that is common is being faced by the HR C-levels today, and it ensures that the road maps of HR will become relevant in the C-suite and aid in the streamlining of organizations while at the same time improving the experiences of employees. AI technologies are concretely impacting on the HR community as they are v acknowledge as being a critical component of the future of most of the HR service delivery model. Almost all discussions today revolve around how to incorporate cognitive solutions, robots, and chat bots within departments in Human Resources. In conclusion HR professionals and AI technologies is being recognized as an avenue of value to employees. Therefore, realistic application of AI helps overcome the fears and doubts regarding the future of HR.

Talent Management: Strategies for Retention

Given the significance of talented employed in relation to meeting the needs of an organization and creating more innovation and productivity it is important that an organization hires and develops employees. As such a company’s HR strategies for retention need to be designed in such manner as to attract, develop, motivate and retain employed who are productive, motivated and engaged. Talent management refers to the expectation of the required human capital for an organization or business and the planning done to meet those needs. It means to manage the ability, competence and power of the employees of an organization. It can be affected but external factors and environment. As part of the human resource team it is critical that there is true commitment to recruiting, hiring, retaining and developing the talents employees (G.Collings & KamelMellahi, 2009).

For employees to remain in an organization factors which play a decisive role are job satisfaction, work-life balance and organizational commitment. Thus for turnover rate to be reduced or to increase retention of good employees, talent management strategies which focus on employee enrichment are needed to be employed (Deery, 2008). Given the context and role played by talent management, the emphasis upon it as a useful retention strategy stems from its effect on employee recruitment, retention and engagement. It is driven by the belief that an organization’s primary source of competitive advantage is its human resource and it is becoming a limited supply. The benefits which are experienced as a result of a successful TM strategy include improved recruitment and retention rates, increased employee engagement and as a result of these the organization experiences improved operational and financial performance (Hughes & Rog, 2008).

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Trick to Turn Employment Rejection into a Golden Second Chance

There is even the best way to lose! Yeah! Definitely you can utilize your rejection as a golden opportunity for you to enter into the corporate sector. Most of you might feel annoying after reading these words but analysis reflects that as a truth. There are always some methods to turn negatives into positives but you need to use them in right way.

When we receive a rejection mail from a company that we visited recently for a job interview then most of the time we read the response with an annoyed face and then move ahead. Searching for a new job! But did you ever thought of dropping a reply message to that mail? It is good to stay focused towards your goals, stay confident and keep heads high even after rejection but you should at least know the tricks to grab golden opportunities on the way.

You know hundreds of graduates apply for jobs every day, many of them receive the interview call and of course many get rejected. This is a cold reality that only a few are able to get job. Finally when you get a rejection mail then you break all the connections with that company and move ahead. But the trick is to type back your response to that rejection. A professional, clean and simple response! Remember, you need not get dirty this time, it is not the right place to show your frustration rather you are making effort to get a second chance.

So, below are few impressive words that you can type in your response mail, let them realize that they missed a good candidate but in a very polite and soft way.

Let your hiring manager or the person who conducted the interview know that you are happy to receive attention from their side and you truly appreciate the valuable time that they spared for you during an interview. Say thanks for this effort.
Tell them that you are a person worth remembering for the upcoming job openings. The type that you are interested in their company and will be glad to know if any other vacancy is available in future.
Wish them and their company best of luck for coming future and also prefer to mansion something new that just happened. Send best wishes regarding growth and the positive things that happened recently in company. It demands some research work from your side.

This well-crafted post rejection letter will help them to remember your name once again. Believe me; they will definitely consider your name for next job vacancy. The golden opportunity gets automatically framed as:

Sometimes selected candidates do not come for joining and the panel decides to choose someone else from the list.

It may happen then the hired person works in a company for a small duration and then switch to another job in any other company. Sometimes the hiring manager feels like the hired candidate is not suitable for the post. In such situations, they often decide to call another person and it may be you.

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Article Source : HR Community Forum

Top Career Advice – Better Way to Life With Numbers of Choices

Why is it important to take career advice from experts?

Selection of career is a nerve-racking decision in life because it is going to have a big impact. If you take a decision in hurry you will regret after few years. But if you make a great analysis on your interests and upcoming opportunities then one day you will be able to enjoy satisfaction along with paychecks. Careful career planning is always essential and you need a guide to make your ideas clear at the initial phase. An expert can help you to know your hidden potential and will let you progress with those skills. It is really a great idea to spend some time with experts to take a career advice before you take a decision to step ahead into the corporate world.

How do you want to spend your life?
We spend most of our life in our job, approximately 40 hours in every week. And just imagine if you are not satisfied with the profile then how difficult those hours will appear to you. Career advice will give you a guide to enjoy profile of your own interests. Even if you have lost your interest in certain career line after working in it for many years then also a career advice can help you to take right decision ahead.

How good is it to shift your career in the middle of life?
We are living in a world where we can face increasing job rotation. May be, because of down turns in an economy or sometimes in search of satisfaction. Good career advice can help an unemployed person to find the best occupation for his life. Many people have fear of changing their occupation in mid of life and mostly it is a threat caused by income. If you are not sure about your career shift then it is good to contact experts as they can help you to take a knowledgeable decision.

How to identify great career choices?
If you are going to choose a new career field then career planning and career advice are important factors for you. When entering into a new career you need to focus on your previous work experience as well as education. And the most important is your skills. You must think about the skills that you have gained with life experiences and make some plan about how beneficial they could be in your career shift. Although there are so many opportunities available first of all at least you must be ready.

Take a career test?
It is good to take a valuable career test as it helps to identify suitable options for the job. These tests include management, motivation, leadership skills and personality profiling etc. The results obtained from these tests can bring best options for you ahead and they will match your interest perfectly. The best thing to know is that you can take such tests online and they are also available free. Contact some officials online and they will guide you through life-changing opportunities.
It is good to take control over your career! It will definitely bring satisfaction and happiness to your life.

Article Source : HR Community Forum

Paycheck or Passion: Which One You Need to Choose?

As per statistics, about 70 to 80% US workers are not happy with their jobs. The reason behind is that they are not able to have any control over their job conditions. They first joined jobs for few extrinsic reasons and then had a fear to make the transition. The ultimate result is that today they do not find any positive motivation for the work they are doing. People are getting paid, and even highly paid, so they are losing motivation to take a shift towards their dream career.

We belong to a generation where we have limited hours to enjoy as all of them are occupied with work. Most of us are going to spend whole life earning more and more but after retirement, a thought comes to every mind what if I would have chased my passion? May be I could have satisfaction along with money. And this thought makes everything look shady and colorless. There is no doubt that passion brings satisfaction to our life but only if you follow it in right way. Experts say that if you choose your dream career then also you can make huge income because it is something you would love to do by heart. And when we are involved in certain work with high motivation then it naturally provides great results.

But the common mistake we all do in our young days is that we choose a job by looking at its paychecks. And then we keep on running behind those paychecks the whole of the life instead of thinking about how satisfied we are with what we are doing.

1. Convert your passion into the rich source of income:
May be most of you may feel it impossible because the path of passion has so many difficulties. We pick our job by thinking about our financial needs and then the list of responsibilities goes on. But if you are determined by your passion then it can be converted into a highly paid profession. Today, technology has revolutionized and everyone can get an opportunity to prove his abilities. You can even work as a freelancer and get good payments for what you love to do.

2. It demands sacrifice:
If someone loves acting it doesn’t mean that he/she should directly go to Hollywood. Passion is not about rainbows and unicorns, it demands sacrifice. You need to work hard and make true efforts for practicing things to get perfection. It is important to focus on the development of skills in the right direction.

3.Life is too short to be boring:
We are not born to earn paychecks, pay the bill and then die. If we
keep on working just for money then life will soon become so draining and
tiring. However, the word‘passion’ these days is being misunderstood or over
used but remember that it is not irrelevant. You may take so many risks in
whole life achieve high paychecks as well as to build a life of passion but at
the end only one thing matters: how much happy and satisfied you are. And the
satisfaction only follows passion .