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

Mid-range Wage

What is Mid-range Wage?   ‘Mid-range Wage’ is the set of 50% of wage values in an ascending wages data set which starts from the

Tangible Rewards

What are Tangible Rewards?   ‘Tangible Rewards’ refers to the rewards provided to the employees that can be quantified. It includes financial rewards as well

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