Elvin Mahmudov

Organizations today are under increasing pressure to protect their reputation and maintain compliance with laws and regulations. An effective compliance and ethics program can help organizations achieve these goals while also protecting their employees and customers An effective compliance and ethics program helps an organization ensure adherence to applicable laws, regulations and standards. It also helps create an ethical culture among employees by establishing clear expectations of ethical behavior and providing training and support to ensure those expectations are met. A well designed compliance and ethics program will include a code of conduct, a system of reporting, and an effective monitoring and enforcement system. The code of conduct should clearly articulate the expected ethical standards for employees and should be regularly reviewed and updated to reflect changes in the organization. The reporting system should provide employees with an easy way to report violations or unet...

Corporate governance is a crucial aspect of modern business that plays a significant role in ensuring the integrity, transparency, and accountability of organizations. It encompasses a set of principles, processes, and practices that guide the way corporations are directed and controlled. This short blog post aims to provide a descriptive exploration of corporate governance by examining its definition, historical background, key components, and mechanisms. By delving into these aspects, we can gain a deeper understanding of the importance and relevance of corporate governance in today's business landscape. An overview of corporate governance reveals its fundamental nature and its evolution over time. Corporate governance can be defined as the system of rules, practices, and processes by which a company is directed and controlled. It encompasses the relationships between the various stakeholders involved, including shareholders, management, and the board of directors. The concept of...

Diversity in counsel, unity in obedience to command The most important task of management is decision-making. As it is known, organizations are faced with the need to make decisions to solve the various problems they face from the day of their formation. Decisions made by organizations to solve their problems are called management decisions. Effective organizations outperform their competitors in terms of decision-making in 3 ways: - they make correct and reasoned decisions; - they make decisions faster; - they implement the adopted decisions more quickly and successfully. As can be seen, the decision-making process is considered very important in terms of the effectiveness and competitiveness of organizations and constitutes the core of the management process. The decision-making process in management is the selection of the best among the alternatives for the organization or individual individuals to achieve their goals within the scope of their duties and powers. The most import...

Although the sharp drop in oil prices seems to be a big problem for the country's economy, it is actually a great advantage because it gives us great signals to prepare for the future. The end of 2014 and the beginning of 2015 were marked by failures for oil exporting countries, including Azerbaijan. So, while the price of oil exceeded $110 in June 2014, it lost enough value and approached $40 at the end of the year. Currently, the price of oil varies between $50-60. There are a number of conspiracy theories about the drop in oil prices. According to some, the main reason for the drop in oil prices is the desire of the United States to punish Russia. According to some, the kingdom of Saudi Arabia, a major oil exporter, is deliberately lowering the price of oil to drive US shale oil out of the market. According to other theories, the increase in the use of alternative energy and shale oil indirectly had a negative impact on oil consumption and oil prices. Against the backdrop of a s...

Practicing once is better than reading a hundred times. Recently, I was having an interesting conversation with a young, but very potential and promising HR friend of mine. During the conversation, my young friend told an incident. I thought this event would be useful and wanted to share it with you. According to my young friend, there is a vacancy in the company where he works as HR. He also applies to his former university to fill the vacancy and asks the university to send some potential candidates who have recently graduated. The university, in turn, sends several potential graduates it deems suitable to an interview with our friend. During the interview process, young and inexperienced candidates try to show inappropriate sincerity, they prefer to talk about their shared values and mutual acquaintances, which they can have with our HR friend, rather than their personal professional qualities. This approach annoys our HR friend and decides not to hire candidates referred from the ...

A company that learns faster than its competitors can take a step ahead of the competition. In my article "Mastery System", I shared my thoughts about what this system is and what risks it has for the company. In this article, I will try to express my opinion on what steps should be taken to prevent such a situation in the management system. The reason for the existence of the mastery system is that the management system is not fully regulated. The lack of regulation of the management system means the absence or insufficiency of regulatory documents regulating the activities of the company. In unregulated systems, due to the fact that the problems that will arise related to the system op eration are not determined in advance, uncertainties and stops can occur in the process flow. In addition, one of the most affected systems within the company's overall management system is the company's human resources system. So, as I mentioned in the previous article, the maste...

The mastery approach is the corporate incompetence created against the background of the inadequacy of the regulatory framework regulating activities in the enterprise, and in this environment of incompetence, employees perform work not according to any regulatory documents and instructions, but according to their personal practices or the instructions of other relatively more experienced employees. One of the biggest challenges facing companies in terms of human resources is a low-skilled workforce that does not have a deep understanding of their work. In particular, this problem manifests itself more prominently in production enterprises where there are complex technical processes where technical knowledge is more required. As we all know, the level of competence of the company's human resources affects the effective operation of the company's business processes, the company's strategic goals, and financial indicators. The problem of incompetent workforce brings with ...

all qualification requirements are actually intended to ensure the competency requirements and are important if they meet these competencies. It can be said that in almost all companies, regardless of whether they implement competency-based HR systems or not, the seniority criterion is one of the indispensable criteria in job requirements. As we've probably all seen in job postings, after a few general template competency requirements, there are absolute work experience and education requirements. Of course, if the position is a position that requires qualifications. At the same time, there are extremely low-qualified and inexperienced job seekers who complain about the barrier of the seniority requirement in the labor market. Job seekers in this category sometimes direct their legitimate objections to the company's human resources staff: "Everyone is looking for an experienced employee, so where do we get the experience?" I will try to answer this question in other ...

Dear  Gulf Elite HR & Recruitment Solution ,   here I placed an example of KPI Definition Form of Competency Index of New Hired Personal KPI, which used in META Consulting & Investment company upon your request. I hope it'll be useful for you Best regards, Elvin Mahmudov