Employee development is a shared responsibility of management and the individual employee. The responsibility of management is to provide the right resources and an environment that supports the growth and development needs of the individual employee.
A lakh (/ËlÃ¦k/ or /ËlÉËk/; abbreviated L; sometimes written Lac or Lacs) is a unit in the Indian numbering system equal to one hundred thousand (100,000; scientific notation: 105). In the Indian convention of digit grouping, it is written as 1,00,000.
Lakhs/Lacs comes from Laksha which means 100000, the term Lakshatipati was used to indicate a rich man in a bygone age. The word Crore comes from Koti, Kotisvaran is a term used to indicate a man with unlimited means in a bygone age. It means 10000000 i.e. ten million.