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Management

 HRM Review


July'09
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Process Improvement : A Measured Approach
Induction : A Lot More Than a "Welcome Package"
Employee Induction and Orientation : Psychological Perspective
Baby Boomer Generational Impact on Human Resources Theory
Hard Case of Soft Skills : A Critical Review
Leadership Style and Leadership Motivation : An Ad-Hoc Choice of Style to Meet Short-Term Organizational Goals
Physicians as Leaders : What's Missing?
Engaged Employees : Carrying High Degree of Organizational Pride
Employee Involvement : Key of Success in Change Management
Employee Empowerment Strategies
Human Capital Management : A New Approach to People
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Process Improvement : A Measured Approach

-- Ritwik Mishra and Malini Sreebhashyam

Satyam Computer Services Limited expanded its world wide operations at a rapid pace from 28 countries in 2004 to 65 countries in 2008. Over the last couple of years, the revenue distribution has changed with approximately 60% of revenue coming from US, 20% from Europe and 20% from the Rest of the World (RoW includes: Asia PAC, Middle East, and Africa).

Article Price : Rs.50

Induction: A Lot More Than a "Welcome Package"

-- Vivekanand and Sanghamitra Dhar

This article focuses on the critical aspects of an induction program which specifically targets the new hires of an organization and how an organization can redesign its induction program, with the use of different models available in literature. This would lead to easier transition of the new hires to their jobs.

Article Price : Rs.50

Employee Induction and Orientation : Psychological Perspective

-- K Mallikarjunan

A new recruit in a workplace may have all the natural qualities, but for serving the needs of a successful enterprise, he should develop appropriate attitude and commitment in work. Induction and orientation programs inculcate such traits by giving the employee, a psychological perspective of: (i) his relationship with his work environment, and (ii) the employer's expectations from him. Such programs improve the employee's functional efficiency and also benefit the employer's in terms of productivity. Hence, an intelligent employer ensures that his employees invariably undergo the induction and orientation programs.

Article Price : Rs.50

Baby Boomer Generational Impact on Human Resources Theory

-- Daniel W Keebler

The baby boomer generation is beginning to exit the workforce as they reach retirement age. Human resources management is faced with a large workforce reduction and strategic initiatives need to be put into place to address this problem. This article reviews current studies and research performed on the baby boomer generational impact to human resource management and the current strategic theories and views that human resource leaders need to adopt in order to remain competitive in today's global marketplace. The review of literature covered in this article includes: multigenerational issues, diversity, employee attraction and retention, developing an organization, strategic alignment of human resources, and seeking a competitive advantage.

Article Price : Rs.50

Hard Case of Soft Skills : A Critical Review

-- V Veera Balaji Kumar

The article explores the methodology to be adopted while imparting soft skills training to employees. It reviews the learning theories relevant for training and explores the possibility of their implementation in Soft Skill Training (SST). It identifies Bandura's Social Learning Theory as the ideal model for SST. The role of a soft skills trainer is to provide role models for learning soft skills, by either presenting himself personally or by inviting role models as guest faculty.

Article Price : Rs.50

Leadership Style and Leadership Motivation : An Ad-Hoc Choice of Style to Meet Short-Term Organizational Goals

-- Jay A Dewhurst

This article discusses how an organization's ad-hoc needs motivate the leader to choose a leadership style, such as authoritarian, participative or delegating that may or may not be typical or appropriate for long-term needs. These motives, which include the motivation to: a) control and limit variables, b) expand influence through others, and c) expand influence by replicating self, are influenced greatly by temporary changes in an organization's operations and may include emergency situations, as well as one-time revenue opportunities. Regardless of the situation, a leader's typical style, motivated by normal circumstances, must be flexible and change according to temporary needs. Scenarios are presented to examine possible situational or ad-hoc style changes and their accompanying challenges.

Article Price : Rs.50

Physicians as Leaders : What's Missing?

-- Charles Saunders and Bonnie Hagemann

Physicians are experts in their specific knowledge base. When they have to assume leadership roles in their profession, they require a new set of skills and knowledge to perform well. Physicians have to update themselves in order to keep pace with the changes in the field of medicine. The physician as a leader should be open to new skills. Hospitals must invest in this development in order to make the physician successful in the new position. Attending meetings and courses must be encouraged. Individual coaching and mentoring will be very helpful. Hospitals that invest in physician leadership will, not only become fiscally sound, but also provide a higher quality of patient care.

Article Price : Rs.50

Engaged Employees : Carrying High Degree of Organizational Pride

-- Priyanka Rawal

Organizations are on a hunt for people who are generally enthusiastic to come to work every day and are highly passionate about their work. There is a growing need of employees who are proud to be associated with an organization. A willingness to "go the extra mile" is what is required from today's employees. Having an emotional connection with the work enhances a level of involvement with the job, as well as adds to the success of any organization. This article focuses on the need for such employees and how their presence can improve the progress and work efficiency of the organization on the whole.

Article Price : Rs.50

Employee Involvement : Key of Success in Change Management

-- Sumita Vyas

The hard pressing challenge in today's competitive world is the success of change management. Each organization has to transform with time, failing which, it should be ready for the risk of being tagged as archaic by the more innovative entrants in the market. Change is must, at the needed hiatus. Change could be effected in the holistic policy and system, in the set-up, in the structuring of staff including outsourced staff, etc. This calls for a well orchestrated approach, identifying components of structure and networks appropriate to the organization, and then leveraging them.

Article Price : Rs.50

Employee Empowerment Strategies

-- Sandeep Ray Chaudhuri and Ishita Mukherjee

The term empowerment has been referred to as the managerial buzzword of the early 1990s. It is often considered as a panacea for all organizational problems. Contrary to the popular notion that the manager has to suitably empower the people who report to him, it comes from within the individual. The formulation and implementation of empowerment strategies have been shown as important components of managerial and organizational effectiveness. Empowerment strategies must be initiated by the top management, keeping in mind, the employee and management concerns.

Article Price : Rs.50

Human Capital Management : A New Approach to People

-- S Aramvalarthan and Jose Jacob Kalayil

Human Capital Management (HCM) treats people management as an important strategic issue that aims at value-creation by effective utilization of human resources to achieve business goals. It involves five strategic domains: leadership capital, structural capital, workforce capital, cultural capital and intellectual capital. HCM is broader in scope than human resource management. HCM involves several steps: developing a HCM strategy, developing measures to monitor the execution of the strategy, benchmarking the strategy, implementing the strategy and reporting on achievement. Implementing excellent HCM maximizes value added at each stage and ensures that people become the basis for competitive advantage in an environment, where all other sources of competitive advantage have become less important.

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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