COVER
STORY
Post-separation
HR : Way to Bid Adieu
- - K Mallikarjunan
The
art of post-separation HR management commands such importance that it forms a
major part of the general Human Resources Management policy of an insightful employer.
Truly speaking, an employee, particularly the one who exits honorably either on
superannuation or for other acceptable reasons, develops an inseparable emotional
bond that binds him to his employer. The warmth of the handshake is transmitted
to the departing employee in the form of terminal benefits package.
© 2007 IUP . All Rights Reserved
COVER
STORY HR
Practices in India : Crisis Ahead
- - AK Mukherjee
Gone
are the days when HR practices in India followed the stereotyped jargons for management
practices like planning, organizing, staffing, controlling and so forth. The fact
is, today, many experts feel that HR practices are redundant, obsolete and do
not serve any useful purpose. It has neither an important thing to deliver nor
any role to play in the organizational achievement. In fact, HRM is merely expenditure
to management without any gain in terms of contributing money to the organization.
So, it is time to revalue and have a deeper look at the changing frame of HR at
the crossroads of change in contemporary management styles.
© 2007 IUP . All Rights Reserved
COVER
STORY Supporting
Life with Work : A Business Opportunity from the Human Dimension
- - K Harikumar
The
article deals with a very important issue concerned with the limitations in the
existing framework of work-life, generally imposed by organizational constraints.
It suggests the organizations certain innovative steps to extend work-life throughout
the productive lifespan of their employees. Intellectual fulfillment should be
provided for those who can make a significant contribution to work and in return
want to get support for their life. The usage of technology and adoption of community
approach helps achieve this.
© 2007 IUP . All Rights Reserved
HR
COSTING Costing
HR Services in Business Organizations
- - S Murali
Generally,
when the word `costing' is used, it is referred to many aspects
of business other than HR. In fact, some people may even express
surprise when a relationship is sought to be worked out between
costing and HR. Even some HR professionals tend to think that
costing is purely a financial exercise to control the expenses
on raw materials, work-in-process machine utilizations etc.,
and that HR does not have any role to play. It is also seen
that many fresh job entrants in HR do not have any inclination
toward aspects of costing. The prime reason for such a mindset
seems to be emanating from the traditional role of HR professionals
and departments that did not involve any strategic decision-making
or business issues affecting HR. In this backdrop, the article
aims to throw light on certain costing aspects of HR, both
as a service provider department and also as a group which
represents people in the business roles generating revenue
and profit. business issues affecting HR. In this backdrop,
the article aims to throw light on certain costing aspects
of HR, both as a service provider department and also as a
group which represents people in the business roles generating
revenue and profit.
© 2007 IUP . All Rights Reserved
HR
TRENDS HR
Portal : An Emerging Trend in Organizations
- - Richa Sharma
The
way the HR processes are being handled has been changing. Nowadays, we see the
ubiquitous presence of HR portals in many organizations, and the rest may have
to adopt these sooner or later. The HR portals have been both a boon and a curse
for various organizations. This article describes in detail the HR portals, their
role and scope, and the implementing procedures. HR portals, by keeping a link
with the employees, may help the HR management to plan the future growth of the
organizations. HR portals may be developed further by adding more facilities with
an increase in the artificial intelligence and computing power.
© 2007 IUP . All Rights Reserved
LEARNING
Creativity
from Educational Perspective : A Relook
- - S Asha
Creativity
is the byproduct of cognition, which is needed the most for any organization in
today's challenging world. Earlier, the scope of creativity was restricted to
fields of art and science, and is understood as intelligence. But today, the nature
of creativity can be understood more in depth and scope. This being the fact,
creativity should be given more scope to grow and its importance should be emphasized
throughout the education system so that everyone can have divergent ideas to a
particular viewpoint. And, teaching is a two-way learning. The article emphasizes
the need to relook so that India's rich human resource can be highly creative.
© 2007 IUP . All Rights Reserved
CHANGE
MANAGEMENT HRMS
: Promising Solution to Address Today's HR Challenges
- - S Jaya Krishna
A
revolution in HRM is predominantly credited to the modern HR technology practices
leveraging the HR solution called `Human Resource Management System (HRMS)'. The
emerging HR trends and challenges are increasing the value of HRMS solutions and
related practices. As a comprehensive integrated solution, HRMS helps the HR personnel
in administering most of their functions. HRMS suites offer both tactical and
strategic HRM capabilities ranging from HR planning and deployment to aligning
HR processes with the organizational goals.
© 2007 IUP . All Rights Reserved
ORGANIZATIONAL
BEHAVIOR Mindfulness
: The Art of Merging our Perceptions with the Reality
- - S Senthil Kumar
Mindfulness,
an age-old concept, emphasizes on paying greater attention and calls for complete
involvement of oneself to the present moment in a non-judgmental way. Through
mindfulness, our natural tendency to commit perceptual errors can be easily overcome.
Even though some of the basic ideas of mindfulness can be found in another concept,
Emotional Intelligence (EI) and Perceptual Process (PP), the construct is broad
in its scope and application. When applied at the organizational level, mindfulness
may encourage double-loop learning practices that are vital for innovation.
© 2007 IUP . All Rights Reserved
EMPLOYEE
PERCEPTIONS Employee
Engagement
- - Rachna Gupta
Employee
engagement goes beyond the employees' intent to leave. It includes the employees'
commitment to the organization and motivation to contribute to the organization's
success. By creating a workforce that is passionately involved with the company,
the organization can create a sustainable competitive advantage for itself. This
article throws light on the issues to be addressed by the organizations for creating
an engaged workforce.
© 2007 IUP . All Rights Reserved
EXECUTIVE
COMPENSATION Executive
Compensation : Theory and Practice
- - VV Ramani
Executive
compensation is very important for organizational and stakeholder growth. The
main goal of any compensation, especially the executive compensation, is to align
the interests of both executives and stakeholders. To retain the talent and control
poaching, organizations have to concentrate on executive compensation along with
all other employee rewards. To maintain a proper strategic compensation plan,
it is important to understand the corporate governance of the organization. This
article focuses on the basic theories of compensation and examines the issues
behind the CEO compensation and its implications.
© 2007 IUP . All Rights Reserved
CASE
STUDY NBC
Universal Inc. : Managing in Troubled Times
- - Shahnaz Hussain, Sumit Kumar
NBC
Universal (NBCU) dominated the US television scene from the 1970s till 2004 with
its highly popular serials like Friends, Cheers, Seinfeld and Frasier. However,
a decline in its viewership was noticed due to lack of variety in its programs
which resulted in it getting ranked fourth behind its competitors like FOX, ABC
and CBS networks. In December 2005, NBCU brought in major changes in its top-level
management and appointed Jeff Zucker as the CEO. It also planned to market its
new shows by adding digital technology to boost its advertising sales, to revive
its regressing revenues and to reclaim its leadership position.
© 2006 IBS Case Development Center. All Rights Reserved.
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