GPSC Prelims and Mains Notes, GPSC Test Series
COST OF CAPITAL The primary meaning of cost of capital is simply the cost an entity must pay to raise funds. The term can refer, for instance, to the financing cost (interest rate) a company pays when securing a loan. In other words, Cost of capital refers to the opportunity cost of making a specific investment. It is the rate … Read more Cost of Capital
Basics of recruitment, selection, induction, training & development Recruitment (hiring) refers to the overall process of attracting, shortlisting, selecting and appointing suitable candidates for jobs (either permanent or temporary) within an organization. Recruitment can also refer to processes involved in choosing individuals for unpaid roles. Managers, human resource generalists and recruitment specialists may be tasked … Read more Basics of recruitment, selection, induction, training & development
Staffing refers to the managerial function of employing and developing human resources for carrying out the various managerial and non-managerial activities in an organisation. This involves determining the manpower requirement, and the methods of recruiting, selecting, training and developing the people for various positions created in the organisation. Staffing function is an integral … Read more FUNCTIONS OF MANAGEMENT – STAFFING