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.
Lac, a term employed in India for a hundred thousand, a crore amounting to 100 lacs, usually of money. We should not be surprised to be told that the amount spent within the last thirty years alone amounts to a crore of rupees.