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Contracts in Organizations

Awarding Contracts : How to define a Contract: A contract  simply means the process of entering into an agreement in writing to provide services for a specified period of time say one or two years or supply of items or manpower for a specified period under mutually agreed terms and conditions between two parties forming the agreement between Contractor and Contractee.   Essentials of a Contrat: A Contract needs the following : 01. A Person or a Contractee who is in need of hiring a contractor. 02. A Contractor, who agrees to the contract or provider of a service 03. A valid Agreement, Offer, and Acceptance of the Offer.  04. Interest, the parties to the contract show some inclination or interest in contracting with the other party. 05. Purpose, there should be a purpose or services. 06. Making the Offer and Acceptance of the Offer. 07. Mutual Agreement to the Offer. 08. Time Period, the agreement will be entered into between parties to the contract for a specified time period, say one

Learn Excel Tricks

Learn Excel Format the worksheet Excel is a precious and very useful part of Microsoft Office suit to make fantastic charts, forms, and pivot tables and the ability of Excel to calculate difficult problems especially Formulas and Functions which are excellent utilities for an operator or an individual who normally uses a computer and its interface. Word is also equally valuable when writing excellent articles and any other free-flowing texts and paragraphs the help of Word is very much required. PowerPoint is also a powerful application for designing presentations and real-time projections.  The builder has envisioned the likely aspects of an interface like this as very wonderful but nobody except Microsoft can do these wonders. Some of the keyboard shortcuts in Excel are as under:- 01. How to save a file?   Control + S 02. Search for a text? Control + F 03. Copy a text? Control + C 04. How to paste a text? Control + V 05. How to cut a text ? Control + X 06. How to underline a text? Co

School and Education - A synopsis

LEARNING IDEAS TO KIDS   Learning through Moral Stories : Learning is an important process in everybody's life.  It needs analysis of facts and figures through a variety of mediums.  This learning process starts from the very beginning of the life cycle.  For example, when we see films we can observe that some great moral stories hidden behind every film.  Such moral stories may or may not impact our lives but the fact is that the moral of the story will benefit our life one way or the other during the life cycle.   Learning through Life Experiences : Another point which is having a higher impact on studies is how we approach things and actions.  Our actions may be of higher importance to some other person or persons, the person who has much real-life experience can contribute and may make a difference in others' lives.   Learning from Real-Life Stories: There are so many stories known to us and also highly beneficial, which we can observe in our surroundings.  For example, we

ORGANIZATIONAL DEVELOPMENT

A well formed and nurtured Organization is in need of minimum manpower to run the business of the Organization. Whether the organization is setup for social purpose or not, for the conduct of the daily routine jobs manpower with some good caliber is required.  When a candidate join the Organization as its employee to cater to the needs of carrying out these jobs may or may not have sufficient work experience of working in any other organizations. But to bring them to the natural work flow these new joiners are to be trained with regard to the Organization's culture and values.  These culture and values are to be inculcated into the employees worth.   Every Organization is setup with a motive of making profit in normal case there may be exceptions when we consider the Social Organizations which will make up the society's face value.  Social Organizations are set up with an objective of implementing welfare schemes among the residents of a particular area, village or town.  Lack

HUMAN RESOURCE MANAGEMENT

  Human Resource Management : The term Human Resource Management implies the organizing and managing the employees of an Organization.  Human Resource is the most important asset of an Organization.  In order to properly develop and train the people of an Organization there is a dire need to recruit suitably qualified employees at proper time and at regular intervals.  The size of the Organization is relevant but the people recruited should be of high quality and value and should gain goodwill to the Organization. According to the need of the Organization w hether it is big or small Organization, the recruitment of the right people for right job is necessary.  The term Human Resource meant for all levels of Organization.  In each and every small to medium to large Organizations a well equipped Human Resource Department is essential to look after the employee relations and its management.  It is said that if the Human content is properly organized and managed all the other problems of t

TRAINING AND DEVELOPMENT

  TRAINING AND DEVELOPMENT : Training and Development means training the employees and develop their skills to carryout the assigned job.  Every Organization must have a Training Department to look after the training needs of the Organization's employees.  This Training Department will oversee the training needs of an Organization.  In order to impart training to the newly joined employees upon joining in an Organization they will be handed over to the Training and Development Department where the training of the newly joined training are being undertaken.  The Training Manager will provide the schedule of training to the new joiner and they will be trained in the Training Department itself but for learning the job they will be sent to the concerned Department where the employee likely to join his regular duties in future.  Also they will be sent to other Departments also during the training period for learning the culture of the Organization and to introduce themselves with the ot

SELECTION OF EMPLOYEES

  SELECTION OF EMPLOYEES : While selecting employees for an Organization there are multiple criterias' to be followed in Big Organizations.  Well in small Organizations the steps to be followed will be very easy and they do not care for all the pros and cones of the recruitment procedure.  Selection of employees is the stage at which the process of recruitment ends.  In order to select an employee various criterias' like educational qualification of a candidate to his caliber to work on the capacity should be measured.  While recruiting an employee the Organization will work out a good plan to implement and assess candidate from all corners.   The important step in selection of a candidate is  to plan well prior to recruitment to meet the Organization's needs in the times to come. If the candidate surpasses the main hurdle of qualification, then the person will be analyzed for other qualities like care, intelligence, mathematical as well as calculating power, alertness, coo