Labor

Definition of internal audit

An internal audit is a supervision process that aims to detect errors and flaws in an entity's procedures. It is a control mechanism that consists of examining, in an orderly manner, methodologies and practices with the aim of improving them and confirming that they comply with certain criteria or standards. […]

Definition of distribution channels

Distribution channels are all those steps, means or paths that allow a product or service to reach the final consumer. The circuit begins with producers or manufacturers and involves, for example, distributors. These distribution chains require strategic planning, good logistics and optimal management in order […]

Definition of job training

Job training is the process by which employees acquire or improve the skills, knowledge and competencies necessary to perform their tasks efficiently and effectively at work. This training is carried out with the objective of increasing productivity, improving performance and facilitating professional growth within […]

Definition of workplace well-being

Occupational well-being is a state or reality that every person should achieve throughout their years of work. It is achieved through the fulfillment of multiple issues that cause general satisfaction reflected in emotions, sensations, behaviors and favorable evaluations. To make workplace well-being possible, each employee is […]

Definition of operating margin

Operating margin is one of the most used financial indicators, and shows how efficiently a company generates profits from its core operations. It is calculated by dividing EBIT (earnings before interest and taxes) by net sales, and is expressed as a percentage. Importance in financial management The margin […]

Definition of collective bargaining

Collective bargaining is a process carried out by organizations that represent workers and business groups to agree on working conditions. When the parties reach an agreement, it is usual for them to sign an agreement. It should be noted that a negotiation is the act and result of negotiating: a verb that can refer, […]

Definition of net margin

Net margin is a financial indicator that shows the percentage of profits a company earns from its total revenue, after subtracting all costs and expenses, including taxes and interest. It is calculated as net profit divided by total revenue and expressed as a percentage. A high net margin […]

Definition of personal brand

The personal brand is the set of skills, competencies and experiences of an individual that make up their public image. These skills and actions of the subject cause an impression or footprint in their community. It is important to indicate that a trademark is a sign that denotes belonging or functions as a distinctive element. The personal, meanwhile, […]

Definition of regulatory compliance

Regulatory compliance is an entity's adherence to the rules and laws that regulate its activity. It is about the acceptance of the obligations imposed by those rules that regulate its operation. It should be noted that the term compliance refers to the act and consequence of complying: a verb that, in this context, […]

Definition of risk assessment

Risk assessment is a set of processes that make it possible to identify situations that may cause harm. In this way, they allow us to control the danger and take measures to prevent and minimize its possible consequences. Risk analysis is usually associated with the prevention of accidents in the […]