Introduction The concept of credit in India has a rich and ancient history, tracing back nearly 4,000 years. Evidence suggests that loans were prevalent during the Vedic period (circa 2000–1400 BCE), while rudimentary forms of banking existed as early as 500 BCE. Over the centuries, India’s credit landscape has undergone remarkable transformations, evolving from informal…
Introduction Credit plays a pivotal role in contemporary financial systems, serving as a key enabler for individuals and businesses to access funds for a wide range of purposes—from everyday purchases to large-scale investments. It acts as a catalyst for economic activity by supporting both consumption and production. Moreover, a strong credit profile and prudent credit…
A credit can be categorized into several types, with the most common being revolving credit, installment credit, and open credit. Revolving credit, like credit cards, allows for repeated borrowing and repayment up to a limit. Installment credit involves borrowing a fixed amount with a set repayment schedule, such as an auto loan. Open credit, like…
Credit management refers to the structured process of granting, monitoring, and recovering credit extended to customers. It involves evaluating the creditworthiness of potential borrowers, setting appropriate credit limits, and managing receivables to minimize financial risk and maintain optimal cash flow. Sound credit management is essential for sustaining a business’s financial health and nurturing long-term customer…
Article:Human Resource (HR) Analytics, also referred to as people analytics or workforce analytics, is the systematic process of collecting, analyzing, and interpreting data related to human resources to enhance organizational effectiveness. It enables data-driven decision-making by linking HR metrics—such as time-to-hire, retention rates, and employee engagement—to broader business outcomes. The application of HR analytics allows…
HR technology significantly transforms employee training by enhancing accessibility, engagement, and effectiveness. It enables personalized learning experiences, real-time feedback, and data-driven insights, leading to better employee development and business outcomes. Here’s how HR technology is revolutionizing training: 1. Enhanced Accessibility and Flexibility: HR technology provides access to e-learning courses, virtual classrooms, and other online resources, making training…
Article:Human Resource (HR) Knowledge Management refers to the systematic process of identifying, capturing, organizing, sharing, and preserving HR-related knowledge within an organization. This encompasses both explicit knowledge, such as documented policies and procedures, and tacit knowledge, such as the experiential insights of HR professionals. The objective is to establish a centralized and accessible repository of…
Article:Human Resource (HR) research refers to the systematic investigation and analysis of issues related to human resources, with the objective of solving problems, enhancing practices, and formulating guiding principles for HR management. It spans a wide range of topics—from individual employee development to organizational HR strategies—and employs diverse methodologies to generate data-driven insights for informed…
IntroductionThe advancement of technology has significantly transformed Human Resource (HR) management practices. Human Resource Information System (HRIS), Human Resource Management System (HRMS), and electronic Human Resource Management (e-HRM) represent a continuum of digital evolution in the HR domain. While these systems are interrelated, each offers distinct functionalities and strategic advantages. HRIS primarily focuses on employee…
IntroductionHuman Resource (HR) Information and Database Management refers to the systematic processes and digital systems utilized to collect, store, manage, and analyze employee-related data within an organization. This data includes, but is not limited to, personal employee information, recruitment records, payroll details, benefits, and performance metrics. The use of centralized and secure HR databases allows…