Personnel Management – Definition, Functions, PPT

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Personnel management can be defined as obtaining, using and maintaining a satisfied workforce. It is a significant part of management concerned with employees at work and with their relationship within the organization.

According to Flippo, “Personnel management is the planning, organizing, compensation, integration and maintainance of people for the purpose of contributing to organizational, individual and societal goals.”

According to Brech, “Personnel Management is that part which is primarily concerned with human resource of organization.”

Nature of Personnel Management

  1. Personnel management includes the function of employment, development and compensation- These functions are performed primarily by the personnel management in consultation with other departments.
  2. Personnel management is an extension to general management. It is concerned with promoting and stimulating competent work force to make their fullest contribution to the concern.
  3. Personnel management exist to advice and assist the line managers in personnel matters. Therefore, personnel department is a staff department of
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Definition of Business at Dictionary.com

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a trade or profession

an industrial, commercial, or professional operation; purchase and sale of goods and servicesthe tailoring business

a commercial or industrial establishment, such as a firm or factory

commercial activity; dealings (esp in the phrase do business)

volume or quantity of commercial activitybusiness is poor today

commercial policy or procedureovercharging is bad business

proper or rightful concern or responsibility (often in the phrase mind one’s own business)

a special task; assignment

a matter or matters to be attended tothe business of the meeting

an affair; mattera queer business; I’m tired of the whole business

serious work or activityget down to business

a complicated affair; rigmarole

informal a vaguely defined collection or areajets, fast cars, and all that business

Also called: stage business theatre an incidental action, such as lighting a pipe, performed by an actor for dramatic effect

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definition of business by The Free Dictionary

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Noun 1. business – a commercial or industrial enterprise and the people who constitute it; “he bought his brother’s business”; “a small mom-and-pop business”; “a racially integrated business concern”
enterprise – an organization created for business ventures; “a growing enterprise must have a bold leader”
agency – a business that serves other businesses
brokerage – the business of a broker; charges a fee to arrange a contract between two parties
chain – (business) a number of similar establishments (stores or restaurants or banks or hotels or theaters) under one ownership
business firm, firm, house – the members of a business organization that owns or operates one or more establishments; “he worked for a brokerage house”
dealership, franchise – a business established or operated under an authorization to sell or distribute a company’s goods or services in a particular area
partnership – the members of a business venture created by contract
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Money Definition

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What Is Money?

Money is an economic unit that functions as a generally recognized medium of exchange for transactional purposes in an economy. Money provides the service of reducing transaction cost, namely the double coincidence of wants. Money originates in the form of a commodity, having a physical property to be adopted by market participants as a medium of exchange. Money can be: market-determined, officially issued legal tender or fiat moneys, money substitutes and fiduciary media, and electronic cryptocurrencies. 

Understanding Money

Money is commonly referred to as currency. Economically, each government has its own money system. Cryptocurrencies are also being developed for financing and international exchange across the world.

Money is a liquid asset used in the settlement of transactions. It functions based on the general acceptance of its value within a governmental economy and internationally through foreign exchange. The current value of monetary currency is not necessarily derived from

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Insurance legal definition of insurance

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Insurance

A contract whereby, for specified consideration, one party undertakes to compensate the other for a loss relating to a particular subject as a result of the occurrence of designated hazards.

The normal activities of daily life carry the risk of enormous financial loss. Many persons are willing to pay a small amount for protection against certain risks because that protection provides valuable peace of mind. The term insurance describes any measure taken for protection against risks. When insurance takes the form of a contract in an insurance policy, it is subject to requirements in statutes, Administrative Agency regulations, and court decisions.

In an insurance contract, one party, theinsured, pays a specified amount of money, called a premium, to another party, the insurer. The insurer, in turn, agrees to compensate the insured for specific future losses. The losses covered are listed in the contract, and the contract is called a

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Personal Representative legal definition of Personal Representative

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Personal Representative

A person who manages the financial affairs of another person who is unable to do so.

A personal representative is one kind of fiduciary—an individual whom another has trusted to manage her property and money. When a person dies, a personal representative generally is required to settle the decedent’s financial affairs. In some instances, a living person may need a personal representative; for example, a minor might need a personal representative to make legal decisions for her. Personal representatives can be appointed by a court, nominated by will, or selected by the person involved. Their duties are performed under the supervision of probate courts, which are governed by state law.

When someone dies leaving property, a personal representative is required to administer the decedent’s estate, which involves resolving any debts and handling the distribution of property. The jurisdiction, powers, and functions connected with administering the decedent’s estate are

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Personal space | definition of personal space by Medical dictionary

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Is the concept of ‘personal space‘ different in each culture?
The fact that the participants’ systolic blood pressure values were higher when they were measured by the male nursing student suggested that the participants, under the influence of cultural norms of personal space and gender, found it normal when they were approached by the female nursing student but viewed the same approach by the male nursing student as an attack on their personal space.1,9,14,15 Moreover, some women acknowledged that it is a sin for women to be approached by unknown men in Islam.10
Which is why, in the doctor’s surgery, I reinforced my personal space with a newspaper.
Conversely, if you model your personal space on someone else’s, you are betraying your own history.
The most common scenario where this personal space is invaded is when you are in a queue.
Evolve maximizes the space inside our
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Personal Jurisdiction legal definition of Personal Jurisdiction

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Personal Jurisdiction

The power of a court to hear and determine a lawsuit involving a defendant by virtue of the defendant’s having some contact with the place where the court is located.

Personal jurisdiction, also known as in personam (against the person) jurisdiction, gives a court the authority to make decisions binding on the persons involved in a civil case. Every state has personal jurisdiction over persons within its territory. Conversely, no state can exercise personal jurisdiction and authority over persons outside its territory unless the persons have manifested some contact with the state.

The authority of the court to issue orders to persons present within the territory comes from the sovereign power of the government. The court’s authority allows it to reach all residents of a state, including those who are outside the state for a short period and out-of-state residents who enter the state even briefly.

Deciding whether

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definition of personnel by The Free Dictionary

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He seemed, indeed, singularly fond of his own company–or, as the PERSONNEL of the Advance expressed it, “grossly addicted to evil associations.” But then it should be said in justice to the stranger that the PERSONNEL was himself of a too convivial disposition fairly to judge one differently gifted, and had, moreover, experienced a slight rebuff in an effort at an “interview.”
“Well, Professor Maxon, to be quite frank,” he said at length, “we learned at Singapore the personnel of your party, which included a former naval officer whom we have been seeking for many years.
Changes had taken place in the personnel of the oyster boats.
D’Artagnan did not think proper to inform him of the reduction he had made in his personnel. He feared that the confidence of his associate would be abated by such an avowal.
Three white men, then, two half-breeds, one negro, and three
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At The Money (ATM) Definition

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What is At The Money (ATM)?

At the money (ATM) is a situation where an option’s strike price is identical to the price of the underlying security. Both call and put options can be simultaneously ATM. For example, if XYZ stock is trading at $75, then the XYZ 75 call option is at the money and so is the XYZ 75 put option. An ATM option has no intrinsic value, but it may still have time value prior to expiration. Options trading activity tends to be high when options are ATM. 

Understanding At The Money

At the money is one of three terms used to describe the relationship between an option’s strike price and the underlying security’s price, also called the option’s moneyness. Options can be in the money (ITM), out of the money (OTM), or at the money. ITM means the option has intrinsic value. OTM means the option

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