Social Networking

What is Social Networking?

 

‘Social Networking’ is the act of forming and maintaining social relationships. It is mostly used to build relationships with like-minded individuals. However, businesses these days are concentrating more on social networking since networking is one of the key factors in the success of a business.

 

Social networking might also refer to the online social relationships that one can form online with like-minded individuals. With the advent of specialized online platforms in the form of social media, even multi-national corporations have started advertising themselves on social media with their own dedicated pages where they engage with their consumers and customers.

 

Companies are also using the modern cloud-based HRMS with inbuilt social networking features to engage with their employees and help them by sharing knowledge and information.

More HR Terms

Reimbursement

What is Reimbursement? Reimbursement is a term used when a company expenses for paying back the employee, client, and other people in terms of overpaid

Open-book Management

What is Open-book Management?   ‘Open-book Management’ refers to the business practice of sharing financial information with the employees in order to get their input

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