Month: February 2022

Many people use the terms purchasing and procurement interchangeably, but despite their similarities they do have different meanings. Let‘s clarify any confusion on the difference between procurement and purchasing. PROCUREMENT Procurement function commonly encompass: purchase planning, standards determination, specification development, Read More …

Procurement is the act of acquiring, buying goods, services or works from an external source, often via a tendering or bid process. It is favorable that the goods, services or works are appropriate and that they are procured at the Read More …

PERFORMANCE APPRAISAL Performance appraisal is a process concerned with determining how well employees are doing their jobs, communicating that information to the employees and establishing a plan for performance improvement. Appraisal is the judgment of an employee’s performance in a Read More …

Performance Review & Development Meetings Both parties should prepare for the meeting so that they consider the points for discussion. Assess the achievement of objectives; understand the factors that affected performance and actions necessary to improve performance. Self-Assessment. The employee Read More …

PERFORMANCE MANAGEMENT Definition This means the integration of employee development with results based assessment. It encompasses performance appraisal, objective setting for individuals and departments, appropriate training programmers and performance related pay. Performance management emphasis development and the initiation of self-managed Read More …

  Reward Policy Areas Performance management Performance Appraisal Remuneration Package Job Evaluation

Computer Security: Principles and Practice Classes of intruders: criminals • Individuals or members of an organized crime group with a goal of financial reward – Identity theft – Theft of financial credentials – Corporate espionage – Data theft – Data Read More …

The measures of central tendencies (i.e. means) indicate the general magnitude of the data and locate only the center of a distribution of measures. They do not establish the degree of variability or the spread out or scatter of the Read More …

1. It should be rigidly defined 2. It should be easy to understand and calculate 3. It should be based on all observations 4. It should be amenable to further algebraic manipulation. 5. It should not be affected much by Read More …

1. It is ill defined. 2. It is not based on all observations. 3. It is not capable of further algebraic treatment. 4. It is not a good representative of the data. 5. Sometimes there are more than one values Read More …