Explain the term- Human Resource Development
H.R. Department uses the research for study.
- Wages Rates
- Cost of Living
- Incentive Schemes
- Employment Trends
- Employee Turnover Ratio
- Performance Appraisal
From these different points we can say that research is used in business for the purpose of formulating efficient policies or purchasing, sales and production. Research with regard to demand and market actor has great utility in business. Therefore we can say that research is the significant tool or business decision making.