Compensation refers to the total payment or rewards employees receive in exchange for their work. It includes salary, wages, bonuses, benefits, and other allowances provided by employers. Emerging Issues in Compensation in Nepal: Pay Inequality:There is a big difference in salaries between government and private sector jobs. For example, government employees often get higher pay … Read more
Compensation management is a critical function of human resource management that focuses on designing and implementing fair and competitive pay structures and benefits for employees. It ensures that employees are rewarded appropriately for their contributions while aligning with the organization’s financial capabilities and strategic goals. Effective compensation management helps attract, motivate, and retain talented employees, … Read more
In Nepal, organizations offer various retirement benefit programs to ensure financial security for employees after they stop working. These programs are designed to support individuals in their old age or when they can no longer work. Below are the major types of retirement benefit programs commonly offered by Nepalese organizations: 1. Provident Fund (PF) 2. … Read more
Question: “More emphasis should be placed on the external supply of employees meeting future needs because these employees bring new blood into the organization. The result is more innovative and creative ideas.” Do you agree or disagree with this statement? Explain your response. I partly agree with the statement. I think that external hiring is … Read more
A succession plan is a strategic process used by organizations to identify and develop internal employees with the potential to fill key leadership and critical roles in the future. It ensures business continuity by preparing a pipeline of skilled and capable individuals who can step into important positions when vacancies arise due to retirement, resignation, … Read more
Recruitment and selection are two key processes in hiring employees for an organization. Together, recruitment and selection ensure that the right people are hired for the right roles, which is crucial for the success of any organization. Basic Types of Employment Interviews: Managers use different types of interviews during the selection process to evaluate candidates. … Read more
Steps of the Selection Process Explanation of the Selection Process Job Analysis and Requirement IdentificationBefore hiring, the company identifies what kind of employee they need. They analyze the job role, responsibilities, required skills, and qualifications. This helps in creating a clear job description. Advertising the Job VacancyOnce the job requirements are clear, the company advertises … Read more
Recruitment and selection are two important steps in hiring employees, but they are different from each other. Recruitment is the process of finding and attracting potential candidates for a job. It involves activities like posting job ads, reaching out to candidates, and encouraging them to apply. The goal is to create a pool of qualified … Read more
Job Description: HR Manager (IT Company) Job Title: HR ManagerDepartment: Human ResourcesLocation: BaneshworReports To: CEO/HR Director Job Summary: The HR Manager will oversee all human resources functions within the IT company, ensuring the recruitment, development, and retention of top talent. This role involves managing HR policies, employee relations, performance management, and compliance with labor laws. … Read more
Job Vacancy AnnouncementPosition: Senior Assistant – Human Resource DepartmentCompany: Purnima Construction Pvt. Ltd.Location: Sundarbazar, LamjungJob Type: Full-Time Job Description Role Overview:Purnima Construction Pvt. Ltd. is seeking a dedicated and detail-oriented Senior Assistant to join our Human Resource Department. The Senior Assistant will play a key role in supporting HR operations, including recruitment, employee relations, payroll … Read more