Sometimes we believe our environment is responsible for our mood. For example, some people are troubled when it rains, and blame it for affecting their temper. Others have an early morning mood when they “get out of the wrong side of the bed.” Others are troubled by the shortness of winter days…..And yet others need alcohol etc to feel okay. A very common way people express themselves to describe the impact of this external environment is by using a technical metaphor, such as: “He just knows how to push my buttons,” “It’s a grim day,” “What a depressing environment,” “When they do such and such a thing, they make me mad!” However, when you ask apparently absurd questions, such as: “How interesting, where is your buttons? What shape are they? How many have you got? You get very interesting results….. Indeed such questions enable people to realize that these “buttons” Continue reading
Modern HRM
Importance of Leadership for Organizational Excellence
A leader is someone who exercise influence over subordinate and other people without using threats or power for the only sake of the benefit or welfare of the community or groups so chosen or elected him/her as their leader. It would not be meaningless to say that a leader is someone who influences others through motivation and people likes to obey him or her willfully not in compulsion. A leader is person who represents the urges and requirements of his community or group and his all actions are only for the welfare and benefits of his groups. Generally leaders are of two kinds’ formal leaders and informal leaders. A leader who is appointed as leader and has been delegated some power under the shelter of a particular rank or position to perform the particular object. A formal leader is not a natural leader because such leaders are selected or elected Continue reading
Current Trends in Human Resource Management
The world of work is rapidly changing. As a part of organization, Human Resource Management (HRM) must be prepared to deal with effects of changing world of work. For the HR people it means understanding the implications of globalization, work-force diversity, changing skill requirements, corporate downsizing, continuous improvement initiatives, re-engineering, the contingent work force, decentralized work sites and employee involvement. Let us consider each of them one by one. 1. Globalization and its implications Business today doesn’t have national boundaries – it reaches around the world. The rise of multinational corporations places new requirements on human resource managers. The HR department needs to ensure that the appropriate mix of employees in terms of knowledge, skills and cultural adaptability is available to handle global assignments. In order to meet this goal, the organizations must train individuals to meet the challenges of globalization. The employees must have working knowledge Continue reading
Strategic Innovation in Human Resource Management
Businesses can recapture the innovative spirit that initially launched their success. It has been done in companies old and new, big and small, and in just about every industry you can imagine. Each case is different, but there are three common threads. First, corporate leaders recognized the intellectual capital and potential that resided within their own employees. Second, they turned to the Human Resources Department to find the key to unlocking that potential and putting that capital to work. Third, the company reaped tremendous rewards in terms of productivity and profitability as a result. What is common to each strand of this process is the importance of HR departments to the process of strategic innovation. Ideas are the lifeblood of business success. Most of today’s corporate giants began with little more than a great idea and an entrepreneurial gleam in their eye. They leveraged their intellectual capital to build financial Continue reading
Outsourcing of Training and Development
Organizations now are using a unique approach to provide training internally by outsourcing their training departments. This they have found is a way that reduces costs improves productivity and relives them from the need of constant upgradation. Handing over the organizations training function over to “experts” in many ways also improves the quality of training. These experts have a lot of advantages; they are constantly upgrading themselves to differentiate themselves from the competition and add value to their clients, by virtue of the multiple clients they serve – they have an upfront feel of the best industry practices; training costs can be tracked more objectively and can help align your training’s with your strategic objectives in a far better manner. Outsourcing of training and development activities means comprehensive, end-to-end outsourcing–from the management of the training function to the design, delivery and reporting. Training BPO refers to the transfer of management Continue reading
Reward Strategies in Modern Organizations
Since 1990’s the dynamic link between performance and reward has been a topic of debate. The need of flexibility and cost effectiveness has lead to organizational restructuring of various kinds; including flatter structures with their focus on teamwork, broader roles and non-traditional work arrangements. Implementing a flatter structure is meaningless unless there is a degree of consistency between what is expected of employees in terms of working practices and systems, processes and the resources needed to do the job. All human resource systems especially pay; need to reinforce the forms of skilled performance required of individuals. However most of the companies believe in following the preferred model of paying market rates alongside schemes that recognize individual short-term performance but not long term development. This is among the most challenging responsibility of human resource specialist, as there are many factors to be taken into account before revising a compensation system to Continue reading