Who are they: Informal leaders are those involved in leadership even though they have no official authority. For example, they do not hold official positions in company management. However, they have some power to influence those around
Human Resources
Understanding Performance Appraisals: A Clear and Concise Guide
Understanding employee appraisals is a critical skill for success in the business world. This guide delves into the concept, its various forms, and its significance for both companies and employees.What is a performance appraisal?Employee
Servant Leadership: Meaning, Characteristics
What's it: Servant leadership is a leadership style that puts forward the service of others. Leaders meet others' needs, help them grow, and provide opportunities for them to be rewarded materially and emotionally. In this sense, the leader goes
Adam’s Equity Theory: How It Works and A Brief Explanation
What's is: Adam's equity theory is a motivational theory by links employee motivation and satisfaction with fairness for what is received from the company. Therefore, employees will naturally compare what they give to the company with what they
Herzberg’s Theory of Motivation: Examples and Explanations
What's it: Herzberg's theory of motivation outlines two important factors for satisfying and motivating us. First, we have basic needs, and when they are met, we are satisfied. And, if not fulfilled, we are disappointed. However, meeting these
Maslow’s Hierarchy of Needs: Importance, Order of Needs and Criticism
What's it: Maslow's hierarchy of needs is a theory to show how our needs vary and have levels, from the most basic to the least important. Maslow divides our needs into a pyramid with five hierarchies, starting from the lowest (most basic) to
Salary: Influencing Factors, Advantages, Disadvantages
What's it: A salary is a regular lump sum payment usually paid to employees every month. Companies do not pay it based on the hours worked or the output produced. Instead, they regularly pay every month and at a fixed nominal according to the
Human Resources Essentials: A Toolkit for Managing a Business
Human Resources (HR) is a vital function within any organization. It is responsible for managing its most valuable asset: its employees. Effective HR practices can significantly impact a company's success by improving employee satisfaction,
Cultural Differences: Impact on Leadership Styles
Cultural differences and leadership styles are intricately linked, shaping how organizations operate and succeed in a globalized world. Understanding these nuances is crucial for effective leadership and business strategy. Let's explore how cultural
Unleashing the Power of Diversity in Leadership
Diversity in leadership is no longer a buzzword; it's a strategic imperative for organizations seeking sustained growth and innovation. A diverse leadership team brings together a rich tapestry of perspectives, experiences, and skills, leading to
Ethics and Leadership: The Moral Compass
Ethics and leadership are inextricably linked. A leader's character significantly influences their decision-making, inspiring trust and loyalty among followers. Ethics provides the moral compass that guides leaders in making choices that align with
Leaders vs. Managers: What’s the Difference?
You've probably heard the terms "leader" and "manager" used interchangeably. While they might seem similar, they represent distinct roles with different responsibilities and skill sets. Let's break down the key differences between these two essential