There is a lot happening in corporate India—organisations are increasingly adopting new technology;baby boomers are retiring at a fast pace;new jobs are being created every year;skills are becoming obsolete very fast;and there is a lack of eligible employees. Such a scenario demands innovative strategies to attract and retain talent. There is an emergence of a varied workforce bionetwork. The employer–employee relationship has been converted into a diverse range of workers, talent networks and service providers that brings flexibility, skills and capabilities to ensure that the most qualified people help move the business forward. A contingent workforce is a labour pool…
Author: Jasmeen Saeed | HRKatha
If you have done a good job, you obviously do not want to wait for six months for a word of praise from your boss. Similarly, if you have done thing wrong and the boss waits for the annual appraisal meeting to point it out, you would have forgotten by then, what all you did. This is probably why companies have realised that annual performance reviews are little use. Organisations are now adopting ‘continuous performance management.’ It keeps the workforce, high-performing, motivated, happy and engaged. Makarand Khatavkar, group head, human resources, Kotak Mahindra Bank is an advocate of an informal…
‘Culture is the new currency’ is a trendy phrase these days. The expression is used to understand the importance of culture in fetching, fascinating and absorbing talent. Almost all organisations are working towards changing their culture. But, how do they bring about this change? Communication and technology can be interlinked very well to accomplish culture change. The ‘e-mail culture’ is a big hit in many organisations. Of course, there is no harm in using e-mail frequently, as there is so much we can do via e-mail. The need is to use it smartly and in a more measured way. By…
Multiplicity of thoughts, exceptional approaches and creative ideas are known to increase efficiency and effectiveness, giving any organisation the much-required competitive edge. Many companies are committed to having a diverse workforce with diversity in employee background, race, gender, age, religion, creative mindset and pioneering concepts. The question is how to create a diverse workforce? One simple answer to this can be ‘blind hiring’. It is a process wherein potential hires are judged based only on their abilities, competencies and skill sets. In other words, the personal demographics of the potential hire are not considered. Names, previous companies served, alma mater,…
People operations are getting transformed by the technologies in people analytics. Today, business leaders base their work on evidence, proof and information than on intuition. This is now the chosen way to style HR decisions. Technological advances and the use of people analytics have led to the increased gap between ‘what is possible’ and ‘what is legally allowed’. This gap makes way for unethical practices. HR needs to play a crucial role in filling this gap. The question raised here is, ‘What is ethically possible’? A crucial factor in people analytics is the decision between what is right or wrong,…
What’s your reaction, when your manager says, “I trust you”? You start wondering whether it’s a statement or a question. The fact is, despite her doubts, she is trying hard to convey that she believes in you so that you don’t feel bad. When it is hard to believe in teams sitting in the same office, how does one build on the trust factor when you have team members working from remote locations and overseas offices? Trust is more than the word itself. There is no magic formula to develop trust. It takes years to build it. Here are some…
Human capital is awaiting an upgrade. Some organisations have already hit the start button. The latest buzzword is ‘social capital’, and this is what many organisations are now trying to figure out. The word first appeared in a book published in 1916 in the United States that discussed how neighbours can work together to oversee schools, but businesses have started realising its importance only recently. What is social capital all about? We all know that human capital deals with the talent, skills, knowledge, information and experience that an organisation possesses. Social capital just goes a step further. It is the…