Types of Licenses in International Trade
International Trade has become the order of the day in the current environment of Globalization. The nature of economies namely under developed, developing and developed countries as well as the availability of natural resources, labor, technology and capital required for production etc play a important role in countries economy as well as its reliance on […]
What is TRIZ Matrix and How to Use it ?
TRIZ Matrix is a technique developed by Russian scientists to formalise the process of innovations. TRIZ is a Russian Acronym for Theory of Inventive Problem Solving. The English acronym is TIPS and is often used to refer to the same analysis. The TRIZ is a powerful tool that helps brings the insight of years of […]
Introduction to International Business
With the globalization of the world economy, there has been a concomitant rise in the number of companies that operate globally. Though international business as a concept has been around since the time of the East India Company and continued into the early decades of the 20th century, there was a lull in the international […]
The Resource Curse: The Problem with Commodity Dependence
A large number of developing countries across the world are dependent upon commodities. About 135 of these developing countries were surveyed, and it turned out that more than 94 of these countries are commodity dependent. This means that primary commodities like food grains, oil, etc. account for more than 60% of their total exports. Prima […]
ERP – Accounts Payable and Receivable
Accounts payable and Accounts receivable modules are two important execution modules under finance segment of an ERP system. Financial relationship with vendors who are providing input to the organization in the form of goods and services are maintained in Accounts Payable (AP) module. On the flip side, the financial connection with customers who use output […]
Employee relationship management is management of relationship between employees and employers. It is made up of initiatives which improve employee morale and loyalty towards the company. Employee relationship management approach looks to maintain effective relationship through three way approach of continuous communication, conflict resolution and employee development.
Employee is crucial and critical for overall progress of an organization. Employer-employee is very complicated association and at times strenuous to manage.
Employee relationship management is much difficult compared to customer relationship management. For example, if the customer is not satisfied with the association with a given company, they can move on to another company. However, if the employee is unhappy with an employer, there are possibilities that he will continue his association with company. However, this employee-employer relationship will not be fruitful and convenient for both the parties.
If employee and employer are in cordial relationship and then overall efficiency and competitiveness of the company will improve.
An improvement in relation can result in employee with high morale, which will increase his/her or her loyalty towards the company. If there is an increase in the loyalty employee turnaround is possible and corresponding communication can be established.
In the last decade or so information systems have changed the face how business gets conducted. Information systems are actively used to improve productivity of organization. In employee relationship management also information systems are actively used.
Following is example information system’s usage in employee relationship management:
Employee relation life cycle starts as soon as talent is shortlisted for an interview. Post hiring process employee undergoes training to become a full time contributing team member. Over time with involvement in projects and various other association employees is considered as a family member. Finally, employee reaches the stage of the brand.
There are several factors, which drive employee employer relation. The correct management of this factor creates long-term and fruitful association for an employee as well as the employer. For example; compensation, work culture and environment, rewards-recognition, etc.
Every organization has its own work culture and environment. Any job within organization requires a certain skill-set. Human resource team along with hiring manager scout for talent and hire an employee. Companies invest time and resources for training employee. This training in turn enables an employee to excel and help the company meet its business objective. For this whole process to reach the desired end, it is essential healthy employee-employer relationship is maintained. Information systems contribute a lot to this success.
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Communication Systems and Groupware – Information System Concepts that Apply in All Functional Areas of Business
February 12, 2025
