COVER
STORY
Leveraging
Performance Management System for Organizational Success - - Rashmi
Joshi
Performance
management has started receiving its long-overdue attention
from the businesses across the world. This is a direct consequence
of the realization that employees are the key to better organizational
performance. This article looks at various critical components
of Performance Management System (PMS) and how it can be successfully
implemented, taking a cue from the current trends and best
practices followed.
© 2008 IUP . All Rights Reserved
COVER
STORY
Performance
Improvement Through 5S Philosophy
- - PVL
Ramana
It
is an undisputed fact that the success of any organization
depends, to a great extent, on the quality and performance
of its workforce. Several studies by eminent scholars demonstrate
this fact. Organizations are also constantly adopting creative
and innovative initiatives to make employees happy so as to
get the best out of them. This article relates cleanliness
at workplace with performance improvement taking cues from
5S philosophy.
© 2008 IUP . All Rights Reserved
COVER
STORY
Performance
Management Systems : Maximizing Employee Performance
-
- T
Kiran Kumar
A
Performance Management (PM) system enables the business to
measure, manage and optimize its performance and profitability
by relating the employees' pay to competency and contribution.
It ensures a conducive business environment-enabled healthy
performance and brings all the employees under a single strategic
umbrella. Integrating the components of PM and managing it
effectively isn't easy. In reality, companies have realized
that it requires a high level of coordination between information-sharing
and timely review.
© 2008 IUP . All Rights Reserved
COVER
STORY
Performance
Management Systems in Indian Organizations
- - Bani
Kochar
Thomas
`Wayne' Brazell once rightly remarked, "When your work speaks
for itself, get out of the way." Organizations today survive
on performance. But what speaks for the performance of an
individual? It is a process known as the performance appraisal
where the management gets to know how successful and effective
it has been in hiring and placing its employees. Of late,
a holistic approach towards appraisal by the name of performance
management, which has been making news in the HR circles,
aims to democratize the process.
© 2008 IUP . All Rights Reserved
CULTURAL
ISSUES
Cross-cultural
Issues : Intricacies and Ignorance
- - Sharbari
Saha and Dewpha Mukherjee Patra
Business
has now become the most important link between society and
economy. It has crossed all national boundaries and made itself
a global state of affairs. Therefore, it is essential to be
conversant with cross-culture practices to excel in modern
business deals. The employees and their employers, in most
cases, ignore this parameter. The mastery over cross-culture
knowledge can make a business deal possible, but lack of it
will break the same. This article highlights the contribution
of cross-culture training in making a manager a `complete
manager'.
© 2008 IUP . All Rights Reserved
STRATEGIC
HRM
The
Strategic Shift from 3Ss to 3Ps Model
- - Swarup
Dutta
With
the onset of liberalization, the Indian economy has undergone
profound changes. The lines separating businesses have blurred
as technologies and markets have converged and most notably,
ideas and knowledge have increasingly replaced capital as
the scarce resource and the key source of competitive advantage.
The old management philosophies and practices which were so
successful for long are being slowly discarded and a more
robust management model is emerging. The corporate sector
is already experiencing the rise of an entirely new concept,
in which the basic focus has shifted from the Strategy, Structure
and Systems (3Ss) to the Purpose, Process and People (3Ps)
approach. This shift involves a fundamental change an organization
needs to make in its strategic orientation, organizational
culture and individual employee behavior.
© 2008 IUP . All Rights Reserved
MANAGERIAL
SKILLS
Three-dimensional
Approach Towards Intellectual Competence for Managers or Leaders
- - Sunanda
Jaiprakash
Business
intelligence has become a central element to every growing
organization. Managers need to coordinate their groups' work
and participate in decision- making at all levels. The pressure
to accept and seek greater responsibility is immense. The
motivation to produce effective and viable results on time
is a `reward'. For such outputs, multiple intelligences in
managers become a necessity rather than an option. This article
concentrates on linguistic, kinesthetic and spatial intelligence
for managers in leadership positions.
© 2008 IUP . All Rights Reserved
TRAINING
AND DEVELOPMENT
Retraining
: A Perspective
- - Vikas
Shrotriya
The
skill set of employees needs to be updated regularly or they
turn obsolete. With the passage of time, newer technologies
develop, which affect the way jobs are performed. As an employee
grows older, he is reluctant to learn new skills, which proves
to be an impediment in discharging his duties in an efficient
and effective manner. With age, a person believes that what
he knows is sufficient for performing his duties and is not
keen to learn new skills and methods. By nature, individuals
are change-resistant and become more so with increasing age.
This can be overcome by retraining the employees. Retraining
is acquiring new skills in response to changes in environment.
This article discusses some aspects of retraining.
© 2008 IUP . All Rights Reserved
WORKPLACE
ISSUES
Work-Life
Balance in Today's World
- - Anuradha
Pandugala and Narendar Pandugala
In
today's business environment the work pressures are growing
quite rapidly among the corporate employees. Work-life imbalance
is a known devil in today's life. Employees are experiencing
signs of burnout. Their productivity gets affected, unless
and until they realize that they can lead a beautiful life
without compromising their work effectiveness. To create a
healthier lifestyle, organizations need to recognize their
capabilities and responsibilities of their jobs for greater
productivity. The role of work-life balance, therefore, cannot
be undermined, as organizational efficiency is directly correlated
to employee productivity. This article brings out in a simple
style various strategies that organizations can adopt for
improving their employees' work-life balance.
© 2008 IUP . All Rights Reserved
TALENT
MANAGEMENT
Talent
Acquisition : Emerging Trends
- - T
Sri Jyothi
In
this information age people's knowledge, skills and their
relationship capabilities have become critical assets for
organizations. In this context, it has become vital for every
organization to attract and retain the best available talent.
This article sheds light on the basic strategies of talent
acquisition adopted by various industries.
© 2008 IUP. All Rights Reserved
NETWORKING
Social
Networking : The Blueprint for Competitive Advantage
-
- K
Sangeetha
The
rapidly changing social network scenario for seeking and building
relationships and the gamut of technological inventions for
social networking have absolutely changed the total scene
of people-relationship and community-formation. Networking
relationships and membership sought from like-minded people
around the globe for various reasons create a competitive
advantage for an institution or an entity in the marketplace.
This article describes social networking as a blueprint for
competitive advanatage.
© 2008 IUP . All Rights Reserved
CASE
STUDY
Surya's
Work Culture Revisited
- - Dharmesh
K Mishra
Surya
Company Private Limited is a leading cold-rolled product manufacturer.
Its products mainly cater to the white goods sector in the
Indian market. The company has a large market share and is
looking to start a new line to increase its manufacturing
capacity. It has an excellent work culture and the relation
between the management and the employees is cordial. But certain
unforeseen events unfold in the company, greatly affecting
its work culture. This case underlines the fragile nature
of trust and camaraderie in the manufacturing concern that
reaches irreparable limits. It also tries to study these relationships.
© 2008 IBS Case Development Center.
All Rights Reserved.
SHORT
BOOK REVIEWS
Integrating
HR and Marketing Strategies: Concepts and Cases and Managing
Knowledge Workers - A New HR Paradigm
- - Sumathi
Reddy and Sukhvinder Kaur Multani
Strategic
management of human resources is increasingly being perceived
as beneficial for the organization's performance. In addition,
the application of marketing concepts to manage human resources
and vice versa is not only an innovative practice, but one
that brings several benefits to the organization.
© 2008 IUP . All Rights Reserved
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