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Management

HRM Review


February' 07
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The Changing Face of Talent Management
Endorsing a Level Playing Field in Talent Management
Decision-making and Concept Mapping : A Traditional Concept Redefined
Psychometric Testing : Myths and Realities
Labor Reform : Balancing Efficiency with Equity
Building an Innovating Organization : The Role of Strategic Human Resource Management
Transformation of the Performance Appraisal System : The Changing Scenario
Attrition Management in BPO
     
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The New Role of the HR Leader

-- Allan Schweyer

The global talent market is tight and is getting tighter for considering more knowledge workers. All the while, the bar for talent is rising relentlessly. The knowledge and information society has become globally integrated and sophisticated. Economies, business, social problems, science, health and security issues have become more complex. So greater skills and knowledge will be required. Hence, the organizations that develop, attract, mobilize and retain talent will be the future winners.

Talent Management

-- K Vasantha

Talent management is about delivering business success through understanding what we actually mean by talent, and how it can achieve the specific goals of the organization. It is about ensuring that companies value the natural talents and aspirations of people and is also about assuring that the companies understand what blockages can spoil hard work.

The Changing Face of Talent Management

-- Amit Madan

Talent retention is identified as the second biggest HR challenge to critically meet the business demands beyond tomorrow. Organizations can use a combination of four strategies viz., pay, benefits, learning and development, and work environment to create and retain a pool of talented employees. Successful companies assign the same importance to employer branding as they give to product branding which help them become an employer of choice. They constantly invent new ways of talent retention to change the face of talent management.

Article Price : Rs.50

Endorsing a Level Playing Field in Talent Management

-- Radha Mohan Chebolu

For providing a congenial atmosphere at workplaces that enables equitable distribution of opportunities and facilitation of human talents in the required form and quantity, there is a need to achieve level playing field in the realm of "talent management". There is no doubt that with proper management, the latent talent of the employees can be tapped successfully. This helps organizations to reap a rich harvest even in critical times.

Article Price : Rs.50

Decision-making and Concept Mapping : A Traditional Concept Redefined

-- R Subramanian

Mapping may be seen as a type of brainstorming. Both mapping and brainstorming may be used to encourage the generation of new material with different interpretations and observations. During the process of mapping, one will rely less on intentionally random input, but during brainstorming, one may have wild, zany, or off-the-wall ideas and connections. The article mainly focuses on how the human brain, with 700 trillion cells, is programmed to activate the formal and lateral thinking and how far these factors contribute to the decision-making capability of individuals.

Article Price : Rs.50

Psychometric Testing : Myths and Realities

-- Rituraj Kumar

Psychometric testing today is employed in a wide variety of settings, from educational to industrial organizations, for a diverse range of purposes. Especially from the HR point of view, its uses have increased manifold over the last few years. However, it should be understood that psychometric tests should never be used in isolation; rather, they should always be used only as a supplementary device for improving the quality of various management related decisions.

Article Price : Rs.50

Labor Reform : Balancing Efficiency with Equity

-- Tapomoy Deb

Gaining competitive advantage in the globalizing marketplace and delivering value to the shareholder and other stakeholders are undoubtedly the top most challenges that organizations are grappling with, especially in the current time of uncertainity. Employers point out that one of the major impediments of attaining competitiveness by Indian business organizations is labor reform. However, the issue is much broader than reforming labor market; its about balancing efficiency needed by Indian business organizations intending to compete globally with equity required by the workers in any civilized society encompassing social justice.

Article Price : Rs.50

Building an Innovating Organization : The Role of Strategic Human Resource Management

-- Diganta Chakrabarti

Innovation is one of the vital processes through which organizations achieve competitive advantage in the dynamic knowledge-driven economy. Effective management of human capital is a key component for organization-wide innovation. This article focuses on the essential human resource policies and practices through which organizations can create and preserve a culture which fosters innovation.

Article Price : Rs.50

Transformation of the Performance Appraisal System : The Changing Scenario

-- K Ravichandran and DJE Ravithilagan

Increasing competition in the business field, across the world, suggest that all businesses must be more careful in their choice of strategies in order to remain competitive. Organizations have realized that they must also derive competitive advantage from the effective management of their people. This article focuses on the means to improve the performance of the individual employee which results in the overall improvement of the organization.

Article Price : Rs.50

Attrition Management in BPO

-- A Srikant and Animesh Tyagi

BPO companies have very different HR issues when compared to those in the brick and mortar business. 24-hour working schedules, employment of women in night shifts, higher levels of stress contribute to the already high attrition levels in the software industry. An average Indian call center employee works with a company for 11 months, where as an average UK call center employee stays in a company for three years.

Article Price : Rs.50

Motorola's Turnaround : Ed Zander's `Culture Strategy'

-- Souvik Dhar, Vasanthi

Initially founded as the Galvin Manufacturing Corporation in 1928, Motorola was known for being the first to manufacture the hand-held radio and pager. It was the leading manufacturer of cellular handsets and semiconductor chips. But the early 1990s brought in a number of challenges for the company. The company did not envision the surge in demand for digital products. Although, the then CEO Christopher Galvin made attempts to revive the company, the results were not visible. Edward Zander (Zander) was appointed as the CEO in 2003 to bring a new perspective into the company. Zander reorganized the various units and increased the focus on the development of new products. His strategies worked and the company climbed to the number two spot in the cellular handset market with the introduction of the `Razr' V3 handset. However, questions remain about the company's turnaround and the tough obstacles that Zander could face in the future.

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Automated Teller Machines (ATMs): The Changing Face of Banking in India

Bank Management
Information and communication technology has changed the way in which banks provide services to its customers. These days the customers are able to perform their routine banking transactions without even entering the bank premises. ATM is one such development in recent years, which provides remote banking services all over the world, including India. This paper analyzes the development of this self-service banking in India based on the secondary data.

The Information and Communication Technology (ICT) is playing a very important role in the progress and advancement in almost all walks of life. The deregulated environment has provided an opportunity to restructure the means and methods of delivery of services in many areas, including the banking sector. The ICT has been a focused issue in the past two decades in Indian banking. In fact, ICTs are enabling the banks to change the way in which they are functioning. Improved customer service has become very important for the very survival and growth of banking sector in the reforms era. The technological advancements, deregulations, and intense competition due to the entry of private sector and foreign banks have altered the face of banking from one of mere intermediation to one of provider of quick, efficient and customer-friendly services. With the introduction and adoption of ICT in the banking sector, the customers are fast moving away from the traditional branch banking system to the convenient and comfort of virtual banking. The most important virtual banking services are phone banking, mobile banking, Internet banking and ATM banking. These electronic channels have enhanced the delivery of banking services accurately and efficiently to the customers. The ATMs are an important part of a bank’s alternative channel to reach the customers, to showcase products and services and to create brand awareness. This is reflected in the increase in the number of ATMs all over the world. ATM is one of the most widely used remote banking services all over the world, including India. This paper analyzes the growth of ATMs of different bank groups in India.
International Scenario

If ATMs are largely available over geographically dispersed areas, the benefit from using an ATM will increase as customers will be able to access their bank accounts from any geographic location. This would imply that the value of an ATM network increases with the number of available ATM locations, and the value of a bank network to a customer will be determined in part by the final network size of the banking system. The statistical information on the growth of branches and ATM network in select countries.

Indian Scenario

The financial services industry in India has witnessed a phenomenal growth, diversification and specialization since the initiation of financial sector reforms in 1991. Greater customer orientation is the only way to retain customer loyalty and withstand competition in the liberalized world. In a market-driven strategy of development, customer preference is of paramount importance in any economy. Gone are the days when customers used to come to the doorsteps of banks. Now the banks are required to chase the customers; only those banks which are customercentric and extremely focused on the needs of their clients can succeed in their business today.

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