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COVER STORY
Human Resource Accounting Practices in India: A Study of Select Companies in the Indian IT Sector
-- Debasish Sur, Uttam K Dutta, and Amir Jafar
The concept of Human Resource Accounting (HRA) has been appreciated by the
accounting profession and, by and large, its usefulness has also been acclaimed in the literature. With
the emergence of knowledge economy, HRA has been accepted as a point of immense
importance and the growing awareness about it among stakeholders has been noticeable. The present
article makes a comparison among three well-known IT companies, namely Infosys, Satyam and
KPIT Cummins, with regard to their HRA practices. This article also identifies the strengths
and weaknesses of the companies in respect of such practices and finally suggests a suitable
HR disclosure model for the IT companies.
© 2010 IUP. All Rights Reserved.
ORGANIZATION CULTURE
Developing Proactive Organizations for Future Challenges
-- Payal Johari
Today's business complications, in the aftermath of the recent global meltdown, have
adversely impacted some of the most reputed companies globally, which need to be addressed
by adopting farsighted strategies. Although markets are showing signs of revival from the
worst ever corporate shocks, yet there are apprehensions as to whether it would be a smooth
ride from now on. The waves of uncertainty that have shook the roots of many companies in
the recent past may resurface with wider implications than before. In such challenging times, it
is, not only imperative to reassess our organizational capabilities, but also adopt such
proactive strategies that can lay a strong foundation for the companies, making them, not
only competitive, but also resilient enough to withstand any unforeseen trouble in the future.
© 2010 IUP. All Rights Reserved.
CSR
Corporate Social Responsibility : Proximity to Human Resource Management
-- Sarang S Bhola and Varsha Nadkarni
Many corporations have adopted Corporate Social Responsbility (CSR) practices
while pursuing their business objectives. The entire approach towards the development of
the society is very scientific and well thought out. In all such endeavors, the benefits should
trickle down to as many stakeholders as possible. These CSR initiatives can be implemented in
the organization with the help of Human Resource Management (HRM) concepts like Quality
of Work Life (QWL), so that manifestation of the concept of CSR can be visualized. This
article tries to explore the various aspects of the CSR concept, as well as QWL. It attempts to
establish the correlation between CSR and QWL.
© 2010 IUP. All Rights Reserved.
LEADERSHIP
Narcissist Leaders : New Organizational Ogres?
-- NR Aravamudhan
Narcissist leaders abound in a corporate boardroom. Narcissist leaders thrive on grandeur
and flights of fantasy. They believe themselves to be infallible, omniscient, and omnipotent.
This article tries to demystify the persona that makes up the narcissist leader. The article also
looks at a few underlying strengths of the narcissistic bosses. Managing narcissistic bosses is an
art per se. This article also throws light on the daunting task of managing the narcissistic bosses.
© 2010 IUP. All Rights Reserved.
CRISIS MANAGEMENT
Pink Slip Management in Employee Life Cycle
-- K Senthil Kumar and L Gandhi
In times of economic recession, staff freezing is the order of the day. People are the
most important and valuable assets in a business organization. Hence, it makes sense for
the management to cut employees overhead first before cutting costs elsewhere. Obviously,
this sends a wrong signal down the organization. Consequently, people lose their
self-confidence and morale. Layoffs might be an opportunity to take a pause or pursue other possibilities.
In some years, people will not consider layoffs `soiled' anymore, and take these in their stride as
a part of their working life. Subsequently, the working people will be prepared to face any
such consequences in the scenario. This article discusses staff freezing during economic
recession, presents a comparison between Product Life Cycle (PLC) and Employee Life Cycle
(ELC), consequences of pink slip, and the role of human resource department during this phase.
© 2010 IUP. All Rights Reserved.
CRISIS MANAGEMENT
Role of HR in Crisis Management
-- Vidya M Iyer
During times of crises, the business and its employees usually live on the edge. In
such situations, it is very natural that employees may lose both their intellectual and
emotional stability. An individual may go through emotions that range between challenge and trauma. It
is the role of HR to build an organizational culture that is leadership-oriented, open, proactive
and not afraid of challenges, so that the employees can overcome the stress of crisis and, in
fact, rise to a higher competency through learning from each crisis. Towards this end, situations
are examined where the management and employees have enabled the organization to
emerge stronger out of a crisis.
© 2010 IUP. All Rights Reserved.
CASE STUDY
Chanda Kochhar as the CEO of ICICI Bank: Can
She Manage the Mandate?
-- Sai Prasanna Ragu and Swapna Pragada
At the dawn of the new millennium, India celebrates the remarkable progress of women
in business. Women have made great strides in boardrooms and courtrooms, on screen and
in society and are regularly featured on the cover pages of business magazines. Indian
women today have broken the so-called glass ceiling to emerge to the top of the corporate ladder.
ICICI bank, the leading private sector bank of the country is never bereft of women in
senior management positions. Against this backdrop, this case study presents Kochhar's new role
as the Managing Director and CEO of ICICI Bank. Highlighting Kochhar's invaluable contributions
to the evolution and growth of the company, the case study delves into her stint in
successfully running various divisions of the bank and her leadership qualities in handling banking
operations during tough times. It offers many intriguing issues to debate on _ whether Kochhar is the
right choice to succeed KV Kamath, her capabilities that gave her an edge over other contenders,
role of women in business, particularly in sectors like banking and finance, and abilities of women
vs. men in leading organizations.
© 2009, IBSCDC. All Rights
Reserved.
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