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HR Audit

 Human resource (HR) audit means the systematic verification of job analysis, job description, job design, records of recruitment and selection, orientation and placement, training and development, job evaluation, performance appraisal, motivation and moral, compensation packages, welfare and social securities as well as industrial disputes and their solutions. Method of Human Resource Interview Method,  Questionnaire Method,  Observation Method,  Desk Research Method,  Workshop Method & Task Force  Objectives of HR Audit: 1. To review the performance of the human resource department and its relative activities in order to assess the effectiveness on the implementation of the various policies to realise the organizational goals 2. To identify the gaps, lapses, irregularities, short-comings, in the implementation of the policies, procedures, practices, directives of the human resource Department and to suggest remedial action 3. To know the factors which...

Concept of Cost of Capital

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Introduction of cost of Capital Cost of capital of a firm is the minimum rate of return expected by its investor. The capital used by a firm in form of equity , preference ,debt and retained earning  According to M.j Gordon Cost of capital is rate of return (ROI) that a company   must earn on investment to maintain the value of company.    Importance of the cost of capital Cost of capital is very important in making all the financial decision of the firm .  Helpful in designing the capital structure - the concept of cost of capital plays a important role in designing the capital structure capitalstructure is the purpose net relationship between among different factors of long term borrowings such as dept equity retained earning Helpful in taking capital budgeting  decision.    capital budgeting is the process of decision making regarding the investment of fund in terms of project of company Two methods are . Net present value Interest rate of...

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