What is Performance Management in HRM?
What is Performance management in HRM? Performance management is another central responsibility in Human Resource Management (HRM), the purpose of which is to maximise the contributions of employees toward the overall objectives of the workplace. Most simply defined, performance management is the practice of defining expectations, measuring performance, giving feedback, and determining how to enhance […]
What is Retention Rate?
What is Retention Rate? Retention rate indicates the proportion of customers, employees, or users who stay with a company or organisation for a period. It is essential because it gives an understanding of loyalty, satisfaction as well as that of success over a prolonged period. The semi-retention rate measures a business’s ability to retain its […]
