Created by: nielni
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Definition: Voluntary retirement scheme is a method used by companies to reduce surplus staff. This mode has come about in India as labour laws do not permit direct retrenchment of unionized ...
Definition: MBO is a management practice which aims to increase organizational performance by aligning goals and subordinate objectives throughout the organization. Description: MBO requires all ...
Definition: An Employee Stock Option Plan (ESOP) is a benefit plan for employees which makes them owners of stocks in the company. ESOPs have several features which make them unique compared to other ...
Definition: If there's one colour that's in fashion these days, it's pink. But don't look to Paris for why. The current ubiquity of pink has its roots in the American expression 'pink slip' used to ...
Management by Walking Around basically refers to managers spending some part of their time listening to problems and ideas of their staff, while wandering around an office or plant. Definition: It ...
Competency mapping identifies an individual's strengths and weaknesses. Definition: Competency mapping identifies an individual's strengths and weaknesses. The aim is to enable the person to ...
Mentoring is a relationship between a senior and a junior where the elder person guides the younger person through difficult times, gives advice and support. Definition: Mentoring is a ...
