India: World’s emerging HR Capital

India is an abode to human resources. Currently, it inhabits nearly 2.7 billion of the population.  Many countries have only capital but no labour while India is endowed with such a vast human resource. It is probably the nation’s greatest strength. However, it is very unfortunate that a major proportion of the population fail to seek employment in various government and private-run firms. This is primarily due to lack of basic skills and India needs…

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Success at workplace

Landing in the organization of your dreams requires a lot of dedication and consistent efforts, but getting success there needs a bit more. Definition of success differs for all, but in order to be concise it can be related to promotions, performance awards, incentives or more. All this comes up with persistent efforts and passion. In this competitive era, the need of the hour is to work efficiently and demonstrate your competency to your colleagues…

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Poverty Estimating system in India

One of the most important problem from which India is fighting is poverty prevailing in country. Hence, in this blog I would like to share my information and ideas on how the methodology changed with in estimation of poverty. The Planning Commission is the nodal agency in the Government of India for estimation of poverty. It constitutes Groups from time to time to revisit the methodological issues related to the measurement of poverty so as…

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Compensation

Compensation of employees for the services rendered to an organisation is an important responsibilty of Human Resource Management. Every organisation must offer good wages and fringe benefits to attract and retain the talented employees with the organisation because if the wages offered are not competitive as compared to other firms, the efficient workforce may leave the firm. ‘Compensation’ refers to a wide range of financial and non-financial rewards given to the employees. It is paid…

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Employee Relations – by Avni Agarwal

An organization’s prime asset is its employees, those who work together tirelessly and perform their best to achieve the goals and aspirations of the organization they abide to. Working together, every individual develops a certain special kind of relationship with the colleagues at their workplace. It is important that employees whether on the same level or not, should share a healthy relationship with each other to give their best performances. The employees must be comfortable…

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Acronym #5:FEDBK

The last acronym REPAIR stood for Reason, Empathy, Pragmatic, Acknowledge, Inquire Incognito and Respond, which was a to-go check list for dealing with office issues and problems. This time we will focus on how to “sell” your solutions because finding them is not enough these days. You’ll have to convince everyone on how your answer deserves an A+. How? Follow these simple rules of FEDBK: Features-  Attributes are obvious parts of every claim, to convert…

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Acronym #4: REPAIR

You must have read at least one of the previous acronym series post by now! And by the looks of it, you guys are loving it. So I continue to enlighten and entertain you with a few more upcoming posts in the field of human resources. The last one was about QUICK- Question, Understand, Identify, Curious and Know-how. This one answers the ancient question of how to deal with the problems and objections of employees.…

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Employee Empowerment

Why do the officials at higher posts or authority in an organization access all the rights to control the decision making in that organization??!! This issue was interrogated and thought upon and all this interrogation gave birth to what is called as “Employee Empowerment”. This kind of empowerment gives autonomy and liberation to the employees working at lower levels in an organization to take their own decisions regarding the organizational issues and projects. Thus employee…

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Compensation : Extrinsic and Intrinsic Rewards

Compensation is what employees receive in exchange for their contribution to the organisation . Intrinsic Rewards : It includes all activities that have an impact on the intellectual , emotional , and physical well being of an employee and is not specifically covered by the extrinsic compensation system . It is the least costly and one of the most powerful rewards of the organisation . It can be done by simply putting a pat on…

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360 Degree Appraisal System

360 Degree Appraisal System

360 Degree Appraisal was first developed by General Electric(GE). Today it is used in all major organisations . In India , it is being used by Crompton Greaves, wipro , infosys ,reliance industries etc. An appraisal made by the top management , immediate superior , peers , subordinates , self and customers is called 360 degree appraisal . here, the performance of the employee or manager is evaluated by six parties , including himself .…

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