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A lot of people wish to start their own   manpower consultancy   business. The following steps provide a guideline for setting up the same – 1 .     Name   – Deciding on a name is very important for setting up a business as you would want to build a brand image of your company over the course of time.   2.    Website   - For having a website you need to register a domain name. Domain registration is around Rs 500 and website designing would cost around Rs 7000.   It is advisable to get a professional website design company. Professional designing cost starts around Rs 15000 and basic website hosting would come around Rs 1000 per year. The website should contain the company profile in the homepage with the address of the location and also the contact details like phone number and email address in a separate link. There should be other links  mentioning  the different verticals like manufact...

Human Resource Management (HRM) has been very symbolic in these days. Companies want their employees to be updated, motivated so that they can meet their objectives. Companies are managing their employees very efficiently and effectively as they are assets of that company. Compensation Management is one of the important option where employees can be motivated ,attracted. In this blog, I shall define compensation and benefits along with their advantages for a company and its employees. Suppose, you own a Resturant. Let’s call it LaDona – or you can give any name of  your liking. You have hired two persons for marketing, one cook, two waiters and a receptionist . The marketing persons are responsible to look after the sales affairs. The cook and waiters will be responsible for cooking and attending the guest. The receptionist’s duties are to handle the cash and manage the account. I shall refer to this illustration throughout this blog. Compensation:  Would the two marketi...

The alarm clock was ringing consistently. Sumit woke up with a start, put in on snooze and pulled the pillow over his head. Ten minutes later it rang again. This time around he sat up on the bed. Realization suddenly dawned upon him. It was D Day. His interview was scheduled at 10.30 a.m. at one of the top  MNC s. In spite of having proper qualification and adequate knowledge, nervousness and anxiety gripped him as this was his first interview. He had made extensive preparation by making lists of probable questions that he may have to face and rehearsing suitable answers for them standing in front of a mirror. Time had come to display those skills. He got up from the bed and headed for the shower determined to prove himself. Sumit knew that he had to appear professional and well groomed to make a favorable impression at the interview. Thus a shave was also needed. He also knew that he could never appear in an interview in a pair of jeans and a T shirt. However, comi...

It was 10.30 am on Monday morning and the email from Sagar, the Senior HR Manager popped up in her inbox. Without even opening it Rupa had a precise idea what it was all about. She had been absent from work quite frequently in the last six months. In her heart Rupa knew that she was no longer motivated for the current role in which she was working. She felt that her work was not given due appreciation in the present company. So she had started looking for greener pastures. At the same time she knew she could not resign without getting a better opportunity in some other organization. Earlier Sagar had verbally reprimanded her for taking unauthorized leaves but she had not paid any heed. She remembered that day when he had called her to his cabin. Sagar had said, “Rupa, I have called you here to discuss a serious concern. You have been absent for three to four days every month during the last three months. And you have never bothered to inform your superior. This is unaccep...

A highly coveted degree among Indian graduates is a MBA or Master in Business Administration. More than 500 institutes In India offer MBA or PGDM degrees. Out of these, around 50 are decent in terms of placement, return on investment, infrastructure, fees and alumni network. To get admission into the top MBA colleges in India, one has to get a high rank in management entrance tests such as CAT (Common Admission Test), MAT (Management Aptitude Test), XAT (Xavier Aptitude Test), SNAP, CMAT, ATMA and others. Ranking of the MBA colleges and institutions is done on the basis of the Ministry of Human Resource Development (MHRD) approved National Institutional Ranking Framework’s (NIFR) rankings. The top 10 MBA colleges in India are – Indian Institute of Management – Ahmedabad –Entrance Exam – CAT Indian Institute of Management – Bengaluru – Entrance Exam – CAT Indian Institute of Management – Kolkata – Entrance Exam -CAT Indian Institute of Management – Lucknow – Entrance Exam...