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Management

 HRM Review


June '10
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Human Sigma : A Holy Grail for Employee-Customer Engagement
Employee Engagement : An Evident Contributor to Human Sigma Metric
New Six Sigma : A Business Improvement Process for Human Resource Management
Six Sigma : Road Map for Success of Human Resource
Enhancing the Effectiveness of Six Sigma : The Role of HR Managers
The Power of Human Sigma : An Enunciation
Fluor Corp.'s Business Ethics Practices: Creating Six Sigma Standards in Staying Corruption-Free
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Human Sigma : A Holy Grail for Employee-Customer Engagement

-- N R Aravamudhan

Measuring and managing quality in all the remits of business has become a matter of paramount importance to the companies. Companies are increasingly adopting quality improvement tools like Six Sigma to ratchet up their quality of manufacturing. It is not uncommon to see companies using Six Sigma to measure the quality of processes involved in production. Seldom companies measure the quality of interaction employees have with customers. Human sigma is a quality tool with difference. It measures the quality of employee-customer encounters poignantly.

Article Price : Rs.50

Employee Engagement : An Evident Contributor to Human Sigma Metric

-- S C Poornima

It is essential that all organizations learn to measure and manage quality on a quantifiable note. This is true for all sectors, be it manufacturing or service. Six Sigma is a formal method to measure, analyze and control the product and service performance that has seen the light of acceptance and implementation. In sales and service organizations as well as in many professional service firms, value is seen to be created through the interaction of employee with the customer. This encounter creates profit for the firm. The article explores the growth and transition of Six Sigma into Human Sigma and reiterates the importance of employee engagement in the process of creating engaged customers.

Article Price : Rs.50

New Six Sigma : A Business Improvement Process for Human Resource Management

-- Dr. Mohammed R Ahmed

In the changing business environment, companies constantly look for new ways to improve their business processes, and satisfy the customers' wants and needs. In the 1990s, several businesses deployed a process called Six Sigma, which was a way to reduce the error or failure level in manufacturing. It was a better quantitative measure of performance compared to the past in the manufacturing industry. The total business performance of the firm depends on the five functions of the organization. New Six Sigma suggests that business improvement processes should be deployed in all the five functions of business including human resources management to improve the total business performance. Also, New Six Sigma should be embedded as a corporate culture rather than as a functional culture.

Article Price : Rs.50

Six Sigma : Road Map for Success of Human Resource

-- Itishree Mohanty

Six Sigma is a journey for those who are truly committed to improving the quality and meeting customer needs as well as driving human development to new levels. It is not an opportunity but a responsibility of every human resource professional in implementing and sustaining this strategy that will improve the culture in their organization. It is believed that once employees understand the concept of Six Sigma and how it works, they will begin to see new ways to buy success, as Six Sigma is something that can transform their organization into a world-class organization. In a nutshell, it would be more of an appropriate strategy towards globalization as it would lead to an overall improvement of an organization.

Article Price : Rs.50

Enhancing the Effectiveness of Six Sigma : The Role of HR Managers

-- Minakshi Chauhan Asopa

In the present scenario, because of liberalization, privatization and globalization, customers are becoming knowledgeable and conscious of quality products or services. These emerging demands have led to the initiation of the concept of `Quality Management'. Six Sigma is a significant and revolutionary discovery in the history of quality management. It has led various organizations towards success. Indian industries have realized the potential of Six Sigma, thus harnessing it in improving the quality and productivity. This article explains the rationale of Six Sigma, its advantages and the role of HR managers in increasing its effectiveness.

Article Price : Rs.50

The Power of Human Sigma : An Enunciation

-- Rupa Gunaseelan

It is extremely novel to think about implementing Six Sigma to Human Resource Management. Though human resource is considered as an instrument to implement any quality movement in an organization, but never had a thought been given to implement Six Sigma for its own processes. In a human resource conference conducted at Chicago in 2009, it was stated that the role of HR in implementation of Six Sigma has to be defined and designed. To attain this reachable still-novel objective, the executives in the functional area of HR need to acquire the right skills and knowledge so as to add value to its own domain. Since the HR department interacts and influences every employee, it is the department that is best suited for implementation of any major changes. It can function as an instrument in driving profit and growth of business through the use of Six Sigma.

Article Price : Rs.50

Fluor Corp.'s Business Ethics Practices: Creating Six Sigma Standards in Staying Corruption-Free

-- Saradhi Kumar Gonela and Vivek M V

Fluor Corp., a US-based construction company is one such company having set out elaborate ethical standards in its business dealings. Alan Boeckmann, a young engineer was welcomed into the company where he got exposed to the fact that corrupt practices degrade the morals of the employees and profits of the company in equal measure. He developed a deep-rooted loath of unfair business practices. When he took over the reins of the company as CEO, he declared to fight corruption out of company's operations. He developed Fluor's `Code of Ethics' which went on to become one of the world's best codes of business conduct and ethics. He was credited to have formalized a fight against corruption as part of normal operations of the company by creating an exclusive department (Department of Corporate Compliance) to ingrain ethical practices in employees. He also installed a 24-hour hotline service in the company to record any aberrations in ethical practices. Alan Boeckmann also initiated to partner industry heads in the fight against corruption by launching a wing called Partnering Against Corruption Initiation (PACI) under the World Economic Forum.

Article Price : Rs.50
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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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