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.
The Indian numbering system separates the last three digits of a long number with a comma, then splits up the rest of the digits into pairs with commas. Other terms commonly used in the Indian numbering system are lakh, which means one hundred thousand, and Arab, which means one billion. A lakh crore is one trillion. This numbering system is used not just in India, but also Pakistan, Nepal, Myanmar and Bangladesh.