Succession planning is a process by which one or more successors are identified for key posts (or groups of similar key posts) and career moves and/or development activities are planned for these successors. Successors may be fairly ready to do the job (short-term successors) or seans as having longer-term potential (long-term successors).
Human resource accounting is an attempt to identify and report investment in human resources of an organization that are presently not accounted for in conventional accounting practice.
HR audit is an examination of the human resources policies, practices, and systems of a firm (or division) to eliminate deficiencies and improve ways to achieve goals.
A human resource information system is a systematic procedure for collecting, storing, maintaining, and retrieving data needed by an organisation about its human resources and various activities that are relevant to its management in a central and accessible location.
Transfer is a lateral shift causing movement of individuals from one position to another usually without involving any marked change in duties, responsibilities, skills needed or compensation,
Job evaluation is a formal and systematic approach to analysing jobs and categorising them regarding their relative worth in an organisation. This process is also valuable in the formulation of compensation plans by the personnel manager.
Human Resource Planning (HRP) is a system of balancing the supply of people including the present and prospective employees with the potential job openings in the organisation over a given period.
In the marketing mix of banking services, the product element pertains to the variety of financial products and services provided to customers. Banks must thoughtfully formulate and expand their product lineup to cater to the varied requirements and preferences of their target audience.
Global marketing is an approach which is used by businesses strategically to expand their reach and influence beyond domestic markets. It involves the identifying and targeting of potential customers worldwide, to promote and sell products or services on a global scale.
Financial management includes key objectives that organizations follow to secure their financial stability and achieve success. These objectives of financial management serve as guiding principles for effective decision making and resource allocation within the field of finance.