Demand For Human Capital

Demand for labour capital explains the relationship between availability of labour and wage-scale.

for details visiy- http://www.mbachannel.blogspot.in/2014/05/demand-for-human-capital.html

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Definition of Human Capital

Please visit- http://www.mbachannel.blogspot.in/2014/05/definition-of-human-capital.html

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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

BENEFITS OF HUMAN RESOURCE AUDIT

APPROACHES OF HUMAN RESOURCE AUDIT

OBJECTIVES OF HUMAN RESOURCE AUDIT

AREAS OF HUMAN RESOURCE AUDIT

For details visit-http://www.mbachannel.blogspot.in/2014/05/human-resource-audit.html

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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 worker, usually by a manager. Interpretation of the results, trends and themes are discussed as part of the feedback. The primary reason to use this full circle of confidential reviews is to provide the worker with information about his/her performance from multiple perspectives. From this feedback, the worker is able to set goals for self-development which will advance their career and benefit the organization. With 360-degree feedback, the worker is central to the evaluation process and the ultimate goal is to improve individual performance within the organization. Under ideal circumstances, 360-degree feedback is used as an assessment for personal development rather than evaluation.

OBJECTIVES OF 360 DEGREE FEEDBACK

USES OF 360 DEGREE FEEDBACK

BENEFITS OF 360 DEGREE FEEDBACK

LIMITATION OF 360 DEGREE FEEDBACK

for details please visit- http://www.mbachannel.blogspot.in/2014/05/360-degree-feedback.html

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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 methodology has five phases:

• Define the problem, the voice of the customer, and the project goals, specifically.
• Measure key aspects of the current process and collect relevant data.
• Analyze the data to investigate and verify cause-and-effect relationships. Determine what the relationships are, and attempt to ensure that all factors have been considered. Seek out root cause of the defect under investigation.
• Improve or optimize the current process based upon data analysis using techniques such as design of experiments, poka yoke or mistake proofing, and standard work to create a new, future state process. Set up pilot runs to establishprocess capability.
• Control the future state process to ensure that any deviations from target are corrected before they result in defects. Implement control systems such as statistical process control, production boards, and visual workplaces, and continuously monitor the process.

DMADV 

The DMADV project methodology,  features five phases:

for details visit- http://www.mbachannel.blogspot.in/2014/05/six-sigma-methods.html

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