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Welcome to the HRM Review

March'12

Previous Issues

The HRM Review is a unique digest focusing on the dynamic practices of Human Resource Management. Contents include contemporary articles, interviews, debates, research papers, corporate practices, case studies and summaries of articles appearing in leading international magazines and reviews of latest books on organizational behavior, leadership, motivation and strategic HR.

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Focus Areas
  • Motivation
  • Organization Development
  • Organizational Behavior
  • Recruitment & Staffing
  • Training & Development
  • Strategic HR
  • HRD
  • Industrial Relations
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  • Technology
 
  • HRM Review is a unique journal focusing on the dynamic practices of HRM.
  • Contents include contemporary articles, interviews, debates, research papers, corporate practices, and case studies.
  • Articles are carefully screened and selected to cover a wide range of issues in human resource management.
  • Contains executive summaries of articles appearing in leading international magazines and reviews of latest books on organizational behavior, leadership, motivation and strategic HR.
  • A must read for HR professionals, managers, executives, consultants and students who are interested in developing the cutting edge knowledge in the domain of human resource management.
 
Regular Features
  • Interview
  • Case Study
  • Bookshelf
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Articles
   
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The Magical Wand of Participatory Management
Role of Strategic Compensation in Organization Development:
An Overview
Breaking Procrastination for Building a Successful Career
Green HR: Getting into the Business of Green
Qualities of Dynamic Leaders in Effective Organizations
Towards a Strategy Supportive Organizational Culture
Advantage India: Employment Opportunities and Challenges
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Contents
(March 2012)

The Magical Wand of Participatory Management

-- Akinchan Buddhodev Sinha

Managing a business today is basically different from what it was 30 or 40 years ago. The most profound difference pertains to the complexities in the human resource. Consensus approach can go a long way in ensuring optimum solutions to the complexities prevailing in all spheres, i.e., in marketing, finance, operations, etc. Now, the pertinent question is who should initiate this collaboration? It is not enough for leaders to identify collaborative opportunities and entice the best talent to them. Rather, they must also set the tone by being good collaborators themselves. In several cases, it is observed that efforts to collaborate in the middle are sabotaged by political games and turf battles. Corporate decision making was for a long time considered to be proprietary of management. However, in the last few decades, new forms of industrial relations have developed that purport to engage employees in the decision-making process or even to devolve decision-making process to them. Hence, authoritarian decision making is giving way to participative decision making.

Article Price : Rs.50

Role of Strategic Compensation in Organization Development: An Overview

-- M Jothi and S P Mathiraj

Every changing need of the workforce in the organization, dynamic nature of organizational structure, volatile nature of environment and the increased pressure to enhance the performance of the organizations have motivated human resources (HR) leaders to identify and implement effective compensation plans for workforce. This article, therefore, aims to shed light on the role of compensation management on employee’s performance as well as organization’s productivity. Further, it suggests various premises to construct a compensation policy and highlights the importance of compensation management to the organization in this Darwinian world.

Article Price : Rs.50

Breaking Procrastination for Building a Successful Career

-- G Ramesh and K Vasuki

Procrastination is the practice of putting off today’s work to tomorrow. Procrastination is an inevitable phenomenon, and all individuals procrastinate sometime or other. Everyone gives in to the urge of putting off doing things once in a while. There are several ways in which employees can procrastinate. If they identify and understand better how they postpone the tasks, they can catch themselves doing it. Procrastination is a deeply embedded trait. It is a symptom of some deep personality trait and physical imbalance. There is more than one reason why executives procrastinate. For many individuals, this habit is a lifestyle. It is normal for employees to procrastinate to some extent and want to start the key tasks afresh. So long as this habit is not impeding the normal functioning, it is not a major problem. If the tendency gets chronic, it may become a complicated issue with bigger costs. Procrastination has so many downsides and has the potential for painful consequences. Procrastinators must know that procrastination will conquer our life if we do not learn to conquer procrastination. Complete elimination of procrastination not only saves time and health of employees but also energizes them to enhance the performance levels, leading to professional growth. Employees use various techniques to break procrastination in jobs. Because of the difference in the abilities of individuals, some measures work better for a few than for others. Since procrastinators are made and not born, it is very much possible to overcome their habit. The keys are willingness to transform within and determination for more productive life. Procrastinators develop their behavior over a long period of time. They should not expect any magical transformation and try to break the attitude overnight.

Article Price : Rs.50

Green HR: Getting into the Business of Green

--N R Aravamudhan

Green is the new black today. We live in a society where the clamor for going green is getting more belligerent than before. Be it green buildings, green products, green processes, green systems and green jobs, the list is endlessly long. And if this is not enough, HR departments in many companies are increasingly greening their processes. Juxtaposing green and HR process may sound like an oxymoron to many. But the reality is, going green holds out a great promise for HR. This article discusses how HR can greenify its process and reduce the carbon footprint at the workplace.

Article Price : Rs.50

Qualities of Dynamic Leaders in Effective Organizations

-- R Haridas, V Ramadevi and L Vijay

In organizations, proper manpower utilization is a big issue for the top management. Nowadays, employees have a lot of problems in their day-to-day work life that results in low performance and output. Solving their problems and motivating them is a critical task for the organization. Thus, a dynamic leader must have extra qualities and commitments to overcome such problems. Hence, a real leader is one who acts when conditions and situations necessitate him to lead the employee on the right track to achieve the predetermined goals.

Article Price : Rs.50

Towards a Strategy Supportive Organizational Culture

-- B Amaranath and S Krishnamurthy Naidu

Whether strategy should follow culture or culture should follow strategy is a million dollar question before numerous managers. Some managers state that an organization must pursue the strategies that fit the organizational culture. On the other hand, some suggest that the organizational culture must be flexible enough to be altered to fit the strategy. Strategies formulated through objective methods may fail if a firm discounts the cultural forces. Researches uncovered the evidence that new strategies are often market-driven and directed by competitive forces. Therefore, changing a firm’s culture to fit to a new strategy is more effective than changing a strategy to fit an existing culture.1 It is understood that if enough attention is not paid to the cultural factors in an organization while implementing a strategy, culture may eat up the strategy. Hence, culture matters more than strategy. For strategists in organizations, culture is an important concern.

Article Price : Rs.50

Advantage India: Employment Opportunities and Challenges

--P Soma Raju

Job-centric growth and employment generation are more often discussed as important issues in various forums in recent times. An attempt is made here to discuss the employment opportunities and challenges in the context of world economic downturn and eurozone crisis. India is looked upon as a powerhouse by the world, which expects her to take up a leadership role. Further, the advantages of brain gain, talent pool, availability of demographic dividend, and the positive factors available to boost up the manufacturing sector and provide employment opportunities to achieve inclusive growth are also discussed.

Article Price : Rs.50

Case Study: Privatization of Rede Ferroviária Federal, Sociedade Anônima: The People Aspects

-- P Girija Swaraj and Debapratim Purkayastha

 

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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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