Human Resources Essentials: Job Analysis, Personality Types, and Recruitment Strategies
Job Analysis and Design Fundamentals
Understanding Core HR Concepts
Job Analysis: The process of determining the skills, duties, and knowledge required to perform jobs in an organization.
Job: A group of tasks that must be performed for an organization to achieve its goals.
Position: A collection of tasks and responsibilities performed by one person.
Purpose of Job Analysis
Job analysis is used to prepare:
- Job Descriptions: Documents containing information about a specific job.
- Job Specifications: Documents
Modern Commerce: Traditional vs. Digital & The Prosumer
Traditional Trade vs. E-commerce
Traditional trade refers to a branch of business that focuses on the exchange of products and services through manual processes, often with limited accessibility. Transactions are conducted face-to-face, and goods can be physically inspected before purchase. The scope of traditional trade is usually restricted to a particular area, and there is no unified platform for information exchange. Marketing follows a one-way approach, targeting consumers with generalized
Read MoreOptimizing Procurement: Essential Strategies for Purchasing Departments
Enhancing Customer Value: Quality, Time, and Price
Achieving excellence for customers involves delivering superior quality, timely service, and competitive pricing.
Needs Assessment in Procurement
Needs assessment involves analyzing information related to purchase requests, determining: when to buy, how much to buy, the purchase price, and the required quality.
Companies centralize all purchases through the purchasing department, which receives applications via a document often called a “purchase requisition,
Read MoreStrategic Brand Management: Lifecycle, Decline, and Revival
Any marketing actions a firm takes today can change consumers’ brand awareness or brand image and have an indirect effect on the success of future marketing activities. For example, the frequent use of temporary price decreases as sales promotions may create or strengthen a “discount” association to the brand, with potentially adverse implications for customer loyalty and responses to future price changes or non-price-oriented marketing communication efforts. Marketers must actively manage brand
Read MoreEconomic Project Evaluation: Key Financial Terms
Cost & Value Concepts
Annual Equivalent Cost (AEC)
When only costs are involved, the Annual Equivalent Cost (AEC) method is applied.
Capital Recovery Cost
Owning equipment involves two transactions: (1) its initial cost (P) and (2) its salvage value (S).
Salvage Value
The asset’s value at the end of its useful life. It is the amount recovered through sale, trade-in, or salvage, net of all costs incurred for disposal and restoring the site to its original condition if required.
Cost Basis
Represents
Read MoreMastering Your Job Search: Strategies, Resumes, and Interviews
Understanding the Job Search Process
Job Search Fundamentals
The job search involves actively seeking employment opportunities through various job placement services, both public and private.
Key Indicators for Quality Job Portals
- Quality: A reputable job portal should present a clear organization of content, provide essential user information, offer easy registration, include effective search engines, and display comprehensive job details.
- Security: Personal and professional data provided for your history