That housing booms can soon develop into bubbles and become a source of great risk to the economy has been amply proved by the financial crisis. Everybody knows that the crisis started with a housing boom in the US. The Chinese government certainly believes that a similar bubble has developed in its country, which is why it has cracked down hard on its real estate sector. But how big is this bubble? How far have real estate prices gone up in China? These are the questions addressed by Jing Wu, Yongheng Deng and Joseph Gyourko.
The above article was extracted from Skyline Talent updates of Skyline College. Skyline College is amongst the top MBA delhi and BBAinstitutes in Delhi, Gurgaon (NCR).
Thursday, August 26, 2010
Wall St climbs on FedEx view, home sales data
An upbeat outlook from FedEx, coupled with encouraging home sales, lifted US stocks on Monday, keeping the S&P 500 above 1,100 for a second day and suggesting the rally could last. FedEx Corp raised its outlook, boosting its stock by 5.6%. The news from the package delivery and business services company validates the optimism of those who believe the economic recovery is less fragile than recently thought. FedEx was very real, on top of UPS (last week), so if the economy is slowing, people are still shipping a lot of stuff around for a slowing economy, said Stephen Massocca, managing director of Wedbush Morgan in San Francisco. The S&P 500 closed above the 1,100 level for the second straight session, which some investors feel is of key importance because it represented the top of a trading range the benchmark index had failed to break several times in the past month. In another milestone, the S&P 500 also rose above its 200-day moving average of 1,113.71.
The above article was extracted from Skyline Talent updates of Skyline College. Skyline College is amongst the top MBA delhi and BBAinstitutes in Delhi, Gurgaon (NCR).
The above article was extracted from Skyline Talent updates of Skyline College. Skyline College is amongst the top MBA delhi and BBAinstitutes in Delhi, Gurgaon (NCR).
Wednesday, August 25, 2010
Investors find some reassurance in Europe’s bank tests
Investors took some reassurance that European banks had passed “stress tests” on their ability to deal with a debt crisis, prompting European stock futures prices to rise on Monday. Shares rose in Asia as the worst fears about the tests were assuaged and European markets were set to follow suit with spread betters calling for British, German and French stock markets to open as much as 0.8% to 1% higher. The euro held on to its gains from Friday. But scepticism remained about the credibility of the tests because they showed a combined capital shortfall of the 91 banks put under the microscope that was much smaller than expected. On the surface, if anything, you have to take these tests with a pinch of salt, said Jonathan Cavenagh, currency strategist at Westpac, Sydney. Sovereign debt problems remain, funding constraints for their banks are still there and these have the potential to weigh on the euro. The MSCI Asia Pacific Index was up 0.5% at 11:20am. It was still down around 7% from its year-to-date high in mid-April, in part over concerns that debt defaults in the euro zone could derail the global recovery.
The above article was extracted from Skyline Talent updates of Skyline College. Skyline College is amongst the top MBA delhi and BBAinstitutes in Delhi, Gurgaon (NCR).
The above article was extracted from Skyline Talent updates of Skyline College. Skyline College is amongst the top MBA delhi and BBAinstitutes in Delhi, Gurgaon (NCR).
Sunday, August 22, 2010
Asian stocks up as markets shrug off China data
Asian stocks rose on Monday on strong corporate earnings and shrugged off news that Chinese manufacturing shrank in July amid investor hopes that the world’s fastest growing major economy will expand strongly. The high-yielding Australian dollar rose, helped by a rise in stocks. The US dollar hit a three-month low against a basket of currencies, hurt by persistent worries that the US economy’s recovery is losing steam. HSBC’s China Purchasing Managers’ Index fell below the boom-bust line of 50 in July for the first time since the depths of the global downturn in March 2009. The index dropped to 49.4 from 50.4 in June. A figure above 50 denotes expansion. HSBC played down the drop, which coincides with signs of weakness in the United States. Although the index pointed to a month-on-month contraction in manufacturing, it was still consistent with annual growth in Chinese industrial production of 11-13 percent, HSBC said.
The above article was extracted from Skyline Talent updates of Skyline College. Skyline College is amongst the top MBA delhi and BBAinstitutes in Delhi, Gurgaon (NCR)
The above article was extracted from Skyline Talent updates of Skyline College. Skyline College is amongst the top MBA delhi and BBAinstitutes in Delhi, Gurgaon (NCR)
Oil nears 12-week highs; investors upbeat on commodities
Oil rose towards 12-week highs above $79 on Monday, driven by investor appetite for commodities and energy risk, with macroeconomic indicators in top consumers the United States and China showing slower but sustained growth. US September crude rose as much as 40 cents to $79.35 a barrel and was up 19 cents at $79.14 by 0415 GMT, having reached a 12-week high of $79.69 last week and climbed 4.35 per cent last month. ICE Brent gained 13 cents to $78.31.
The above article was extracted from Skyline Talent updates of Skyline College. Skyline College is amongst the top MBA delhi and BBAinstitutes in Delhi, Gurgaon (NCR)
The above article was extracted from Skyline Talent updates of Skyline College. Skyline College is amongst the top MBA delhi and BBAinstitutes in Delhi, Gurgaon (NCR)
Friday, August 20, 2010
Five of top 10 cos add over Rs28k cr in m-cap; MMTC leads
Five of top 10 companies added Rs28,667.55 crore to their combined market value, with public sector trading major MMTC gaining the most last week, when the benchmark Sensex fell below physchological 18,000-level after scaling it for the first time in 30 months the previous week. Trading major MMTC stole the show and jumped to the third place from earlier week’s seventh position by adding Rs24,100.25 crore to take its market capitalisation taking its total value to Rs1,74,165 crore for the week ended 30 July. During the week, it reported a nearly 34% rise in profit to Rs55.23 crore for the quarter ended 30 June.
The above article was extracted from Skyline Talent updates of Skyline College. Skyline College is amongst the top MBA delhi and BBAinstitutes in Delhi, Gurgaon (NCR)
The above article was extracted from Skyline Talent updates of Skyline College. Skyline College is amongst the top MBA delhi and BBAinstitutes in Delhi, Gurgaon (NCR)
FIIs inflow crosses $10 bn mark; June investment at $3.5 bn
Furtherer reposing their faith in the India growth story, overseas fund houses pumped a whopping Rs16,600 crore ($3.5 billion) into the domestic stock market in June, taking their total investment so far this year to over Rs47,690 crore ($10.4 billion). An analysis of the data available with capital markets watchdog Sebi shows that foreign institutional investors (FIIs) were gross buyers of domestic equities worth Rs60,687 crore, while they sold shares worth Rs44,070 crore, resulting in a net inflow of Rs16,617 crore in June. Significantly, a persistent inflow of overseas money also helped the BSE benchmark Sensex to regain the psychological 18,000-level last month, after struggling to scale the same for 30 long months. Though the Sensex could not sustain the 18,000 le
The above article was extracted from Skyline Talent updates of Skyline College. Skyline College is amongst the top MBA delhi and BBAinstitutes in Delhi, Gurgaon (NCR)
The above article was extracted from Skyline Talent updates of Skyline College. Skyline College is amongst the top MBA delhi and BBAinstitutes in Delhi, Gurgaon (NCR)
Asia shares retreat from highs, dollar dips
Asian stocks edged down from a three-month high and the dollar eased towards three-month lows on Thursday, hit by soft US data that underlined the patchy nature of the US economic recovery. Mixed data on June durable goods orders and a downbeat Federal Reserve take on the economy became the latest in a string of lacklustre indicators to suggest the momentum of the US economic recovery is slowing, broadly dampening investor sentiment. Traders said a move back into riskier assets had cooled a bit after the Fed’s Beige Book of anecdotal reports pointed to a less-than-booming recovery, with sluggish housing markets and sales of costly items such as new cars weakening. Profit-taking is coming to the fore because coupled with worries about the uncertain outlook for the US and European economies, US stocks seem to be peaking, said Yutaka Miura, a senior technical analyst at Mizuho Securities in Tokyo.
The above article was extracted from Skyline Talent updates of Skyline College. Skyline College is amongst the top MBA delhi and BBAinstitutes in Delhi, Gurgaon (NCR)
The above article was extracted from Skyline Talent updates of Skyline College. Skyline College is amongst the top MBA delhi and BBAinstitutes in Delhi, Gurgaon (NCR)
Thursday, August 5, 2010
Microsoft's diverse workforce
Chapman insists that Microsoft places such a priority on diversity largely because it is the right thing to do. “We wouldn’t be good corporate citizens if we didn’t focus on diversity and inclusion,” she says. For Chapman and her team, seizes every opportunity to engage with potential minority candidates, even before they enter the job market. “We have a program called DigiGirlz and that's where we bring young girls in and they get an opportunity to meet women who are doing great things in technology,” Chapman explains. “We give them an opportunity to really understand what it's like to consider that as a field, to have a day in the life, and get them excited about wanting to pursue that course of study.” There’s also a ‘micro inequalities’ course about subtle things that people might do that can make people feel excluded, which has recently been launched. Both of these educational pieces are part of a number of initiatives centered on preparing the entire corporate to embrace the different kinds of people who will continue to enter the workforce as the organization moves through the 21st century.
The above article was extracted from Skyline Talent updates of Skyline College. Skyline College is amongst the top MBA delhi and BBAinstitutes in Delhi, Gurgaon (NCR)
The above article was extracted from Skyline Talent updates of Skyline College. Skyline College is amongst the top MBA delhi and BBAinstitutes in Delhi, Gurgaon (NCR)
Magic in the workplace –Pixar and Disney
It’s the type of place where you’ll see employees going down the hallway on a scooter, meetings are interrupted by koosh balls thrown from one executive to another, employees are playing foosball or swimming in an Olympic size swimming pool – or you may even not see them at all, as they have been asked to leave the building to go away and come back with some creative ideas. It’s not like a “workplace”, but it’s what Bill Capodagli describes as a corporate playground. One of the most effective things that HR can do (and what Walt Disney and Pixar each do) is to create a comprehensive, high quality orientation process. This does not have to deal with policies, rules, forms and insurance benefits; instead it should deal with the visions and the values of the organisation. Capodagli says that in orientation employees should learn about the “unofficial rules” of the job.
One example of the unofficial rules Disney employees hear is that it’s everybody’s job to clean up the park. Capodagli gives the example of an hourly employee who was walking behind the recently hired vice president of Disney and noticed he stepped over some litter on the ground without picking it up. The employee picked it up and brought it to his office saying: “You apparently for got that it’s everybody’s job to keep our park clean.” Both employees are still working for the company.
The above article was extracted from Skyline Talent updates of Skyline College. Skyline College is amongst the top MBA delhi and BBAinstitutes in Delhi, Gurgaon (NCR
One example of the unofficial rules Disney employees hear is that it’s everybody’s job to clean up the park. Capodagli gives the example of an hourly employee who was walking behind the recently hired vice president of Disney and noticed he stepped over some litter on the ground without picking it up. The employee picked it up and brought it to his office saying: “You apparently for got that it’s everybody’s job to keep our park clean.” Both employees are still working for the company.
The above article was extracted from Skyline Talent updates of Skyline College. Skyline College is amongst the top MBA delhi and BBAinstitutes in Delhi, Gurgaon (NCR
More than just work
Now with organizations lending a helping hand to their employees, it has no longer become difficult for employees to strike a chord between their professional lives and personal interests. “At Sobha Developers Limited, the employees have formed a creative club and actively celebrate awareness campaigns like Earth Day, Bus Day, Earth Hour, Environment Day, etc., to sensitize other Sobhaites. The club has formed a group called ‘Rhythm – soul of life’ to give employees a platform to showcase their talent in music, theatre and dance and organizes various programmes with active support from the organization,” informs J C Sharma, MD, Sobha Developers.“We have an associate, Shant Swarup, senior software engineer who is very passionate about chess and also an active participant in chess tournaments. The firm has been very supportive of him and allows him to take time-off from work for participating in corporate tournaments,” explains Rajalakshmi S, director – HR, Pegasystems Worldwide India Private Ltd. “It is helping him hone his skills and get the right kind of exposure and the company is also benefiting by taking his advice in aligning itself with chess-related promotional activities of the company,” adds Rajalakshmi.
The above article was extracted from Skyline Talent updates of Skyline College. Skyline College is amongst the top MBA delhi and BBAinstitutes in Delhi, Gurgaon (NCR)
The above article was extracted from Skyline Talent updates of Skyline College. Skyline College is amongst the top MBA delhi and BBAinstitutes in Delhi, Gurgaon (NCR)
Tuesday, August 3, 2010
Employee Engagement at InfoCision
Engagement must come from the top down and be genuine. One example is the monthly employee recognition ceremonies held at each of our 12 locations. Knowing that life’s demands outside of work can often be more challenging than work duties, we understand that we can’t ask our call center representatives to devote their full attention to work if they don’t have the time or tools to attend to personal and family responsibilities. Over the last five years, InfoCision has revolutionized its benefits by investing well over one million dollars in on-site call center physicians and clinics, fitness centers, child care centers, health fairs with free health screenings and numerous company-sponsored work/life balance programs that are available to all employees and their families.
And, because we place such a high value on employee benefits and amenities, these programs are represented at the senior management table through our vice president of Employee Benefits. Recent internal statistics are showing a promising increase in productivity and attendance for those call center representatives who are taking advantage of the various employee amenities.
The above article was extracted from Skyline Talent updates of Skyline College. Skyline College is amongst the top MBA delhi and BBAinstitutes in Delhi, Gurgaon (NCR).
And, because we place such a high value on employee benefits and amenities, these programs are represented at the senior management table through our vice president of Employee Benefits. Recent internal statistics are showing a promising increase in productivity and attendance for those call center representatives who are taking advantage of the various employee amenities.
The above article was extracted from Skyline Talent updates of Skyline College. Skyline College is amongst the top MBA delhi and BBAinstitutes in Delhi, Gurgaon (NCR).
All Aboard: Embarking Employees on the Flight of Their Life
Southwest Airlines has made a name for itself in an industry that has had more than its share of setbacks. The company’s success is attributed to its employee-centric culture, or what the Director of Onboarding, Cheryl Hughey, calls “the Southwest Way.” Hughey and her team have sparked industry-wide curiosity about why customers and employees are “nuts about Southwest.” We involve them in a variety of things in their work environment and we get new employees to participate in things the company is offering. We want to make sure they understand the medical and travel benefits and take advantage of them.
Employees understand the freedom they have to make a positive experience and what that means. During the first sixth months we get them involved in going to spirit parties and our “love at first bite” luncheon. We involve them in a variety of things in their work environment and we get new employees to participate in things the company is offering. We want to make sure they understand the medical and travel benefits and take advantage of them.
The above article was extracted from Skyline Talent updates of Skyline College. Skyline College is amongst the top MBA delhi and BBAinstitutes in Delhi, Gurgaon (NCR).
Employees understand the freedom they have to make a positive experience and what that means. During the first sixth months we get them involved in going to spirit parties and our “love at first bite” luncheon. We involve them in a variety of things in their work environment and we get new employees to participate in things the company is offering. We want to make sure they understand the medical and travel benefits and take advantage of them.
The above article was extracted from Skyline Talent updates of Skyline College. Skyline College is amongst the top MBA delhi and BBAinstitutes in Delhi, Gurgaon (NCR).
Reckitt Benckiser's Facebook recruitment application aims to educate high-flyers on working for a FMCG group
The Face book game was developed by Nudge Social Media in partnership with recruitment marketing agency Euro RSCG Riley and RB.The game enables users to test their business skills within an FMCG corporate environment and work their way up the corporate ladder. Tasks can be taken through emails and phone calls, while budding brand managers can also use their team (made up of their friends) to perform additional jobs. As the game progresses, players can upgrade their office to ensure they have a working environment to match their career status. The app aims to educate high-flying graduates on what it takes to be a success at RB and how stimulating and challenging it can be. The app will be a long-term element of RB's recruitment strategy and new versions will be implemented as the game develops in the market.
"Facebook is a natural platform for this, and Nudge and Euro RSCG Riley have developed an engaging and challenging application that will give users an insight into the decision-making and responsibilities that come with a career in RB."
The above article was extracted from Skyline Talent updates of Skyline College. Skyline College is amongst the top MBA delhi and BBAinstitutes in Delhi, Gurgaon (NCR).
Wednesday, June 30, 2010
Aligning reward with the employer brand strategy is crucial to retaining and motivating staff
Integrating reward strategy with employer brand will help employers put themselves in the best position for the upturn, new research reveals. According to the CIPD and Mercer, reward can influence employee attitudes and should be linked to behaviors that support organization strategy. Charles Cotton, reward adviser at the CIPD, said: "There are many benefits that can be derived from having a compelling employer brand that is supported by employee rewards, which is demonstrated in our interviews. Engagement can be enhanced by a brand that is demonstrably aligned to rewards as it provides an opportunity for companies to put their money where their mouth is in promoting desired corporate behaviors and image. Engaged employees who believe in the brand then promote the image more effectively to customers."
Chris Johnson, head of Mercer's human capital business, added: "All participants in this research agree that aligning rewards with the employer brand helps in attracting, retaining and motivating staff. It demonstrates the employer's financial commitment to the employer proposition, which in turn fosters a positive employee experience. In the long-term, branding and reward should become mutually supportive, ensuring authenticity within the organization."
The above article was extracted from Skyline Talent updates of Skyline College. Skyline College is amongst the top MBA delhi and BBAinstitutes in Delhi, Gurgaon (NCR).
Chris Johnson, head of Mercer's human capital business, added: "All participants in this research agree that aligning rewards with the employer brand helps in attracting, retaining and motivating staff. It demonstrates the employer's financial commitment to the employer proposition, which in turn fosters a positive employee experience. In the long-term, branding and reward should become mutually supportive, ensuring authenticity within the organization."
The above article was extracted from Skyline Talent updates of Skyline College. Skyline College is amongst the top MBA delhi and BBAinstitutes in Delhi, Gurgaon (NCR).
Work and fun - Striking a chord
Gone are the days when employers would scorn at the concept of ‘work-life balance’. However, experts point out that there are several employees, despite innovative efforts made by organizations, who find the task of striking a chord between work and personal commitments quite excruciating. ‘Work-life’ balance remains the buzzword in the corporate parlance and it is a well-acknowledged fact that having a good work-life balance is essential for the well-being of an organization and its employees as it is crucial for employee engagement and productivity. But with the advancement of technology and changing workplace dynamics, the line between one’s work and personal life is narrowing rapidly, thus making the struggle between striking the right chord between office duties and familial commitments a day-to-day affair for many people.
Sanjay Muthal, MD, Nugrid Consulting Pvt. Ltd suggests a few tips that you can adopt to ensure a good work-life balance: 1) time management: start on time and leave on time and do not carry work home; this trend is slowly turning out to be the norm among professionals these days. Find support from someone (a cook, good daycare facility, housekeeping service, a driver, etc) who can run errands for you, particularly women, 2) eat well: do not skip meals; good food and sound sleep are important as they give you the much needed energy to shoulder various responsibilities and 3) take short breaks: when needed, take a break from work; you could opt for a short vacation or even spend quality time with your friends/family. However, time it well so that it does not stress you, when you return.
The above article was extracted from Skyline Talent updates of Skyline College. Skyline College is amongst the top MBA delhi and BBAinstitutes in Delhi, Gurgaon (NCR).
Sanjay Muthal, MD, Nugrid Consulting Pvt. Ltd suggests a few tips that you can adopt to ensure a good work-life balance: 1) time management: start on time and leave on time and do not carry work home; this trend is slowly turning out to be the norm among professionals these days. Find support from someone (a cook, good daycare facility, housekeeping service, a driver, etc) who can run errands for you, particularly women, 2) eat well: do not skip meals; good food and sound sleep are important as they give you the much needed energy to shoulder various responsibilities and 3) take short breaks: when needed, take a break from work; you could opt for a short vacation or even spend quality time with your friends/family. However, time it well so that it does not stress you, when you return.
The above article was extracted from Skyline Talent updates of Skyline College. Skyline College is amongst the top MBA delhi and BBAinstitutes in Delhi, Gurgaon (NCR).
Cultural Intelligence: A New Approach to International Management Training
Many organizations international firms, multinational companies and those who are now going global require their managers to work across borders. Consequently, organizations increasingly need managers who have the know-how to quickly become culturally fluent and who can react in a way that is culturally appropriate. Specifically, global managers need to be able to work with multiple cultures and in multinational teams.
However, the challenge of global management effectiveness becomes even more difficult when managers spend shorter periods in any single place and are frequently moved from one location to another. As a result, their country-specific knowledge becomes less relevant. According to authors Earley and Peterson, the traditional approach used in intercultural training is no longer effective enough for todays global manager. They propose a model, based on the elements of cultural intelligence (CQ), to better prepare global managers to be effective in various intercultural settings.
Cultural Intelligence the capacity to gather, interpret and behaviorally adapt to cultural contexts.
The above article was extracted from Skyline Talent updates of Skyline College. Skyline College is amongst the top MBA delhi and BBAinstitutes in Delhi, Gurgaon (NCR).
However, the challenge of global management effectiveness becomes even more difficult when managers spend shorter periods in any single place and are frequently moved from one location to another. As a result, their country-specific knowledge becomes less relevant. According to authors Earley and Peterson, the traditional approach used in intercultural training is no longer effective enough for todays global manager. They propose a model, based on the elements of cultural intelligence (CQ), to better prepare global managers to be effective in various intercultural settings.
Cultural Intelligence the capacity to gather, interpret and behaviorally adapt to cultural contexts.
The above article was extracted from Skyline Talent updates of Skyline College. Skyline College is amongst the top MBA delhi and BBAinstitutes in Delhi, Gurgaon (NCR).
Monday, June 28, 2010
Capital Incentives & Motivation offers ethical employee benefits option to encourage greener behavior
Capital Incentives & Motivation, a division of Accor Services, has launched an ethical employee benefits solution. Compliments Green, which was launched in partnership with Green Rewards, can be incorporated within any existing employee, channel partner or customer incentive programme or as a new standalone scheme used as a basis for encouraging ‘greener' behavior.
The programme uses an e-voucher and online account and operates with a points-based system. Once participants have accrued enough points, they choose an environmentally-friendly reward at Green Rewards, an existing internet store that specializes in independently assessed ethical products and services. Rewards have an 800-strong portfolio of reward options including clothing, experiences, organic wine, scooters and garden hammocks. This range of reward options is expanding dramatically as demand for true green products increases.
Derrick Hardman, managing director at Capital Incentives & Motivation, said: "Almost half of all jobseekers say they are more likely to join or stay with a company that addresses social issues and 23% of those who think their organization is environmentally- aware have an increasing sense of motivation.
"We believe the innovative nature of Compliments Green, with its e-voucher and ethical principles, will make a difference to businesses both externally and internally. Externally because corporations that are actively considering the environment may be viewed in a better light, which is vital in the current competitive climate, and internally so staff and members of the public - whether they pride themselves on being eco-citizens or just want to feel they're reducing their impact on the planet - can be motivated by rewards that appeal to them."
The above article was extracted from Skyline Talent updates of Skyline College. Skyline College is amongst the top MBA delhi and BBAinstitutes in Delhi, Gurgaon (NCR).
The programme uses an e-voucher and online account and operates with a points-based system. Once participants have accrued enough points, they choose an environmentally-friendly reward at Green Rewards, an existing internet store that specializes in independently assessed ethical products and services. Rewards have an 800-strong portfolio of reward options including clothing, experiences, organic wine, scooters and garden hammocks. This range of reward options is expanding dramatically as demand for true green products increases.
Derrick Hardman, managing director at Capital Incentives & Motivation, said: "Almost half of all jobseekers say they are more likely to join or stay with a company that addresses social issues and 23% of those who think their organization is environmentally- aware have an increasing sense of motivation.
"We believe the innovative nature of Compliments Green, with its e-voucher and ethical principles, will make a difference to businesses both externally and internally. Externally because corporations that are actively considering the environment may be viewed in a better light, which is vital in the current competitive climate, and internally so staff and members of the public - whether they pride themselves on being eco-citizens or just want to feel they're reducing their impact on the planet - can be motivated by rewards that appeal to them."
The above article was extracted from Skyline Talent updates of Skyline College. Skyline College is amongst the top MBA delhi and BBAinstitutes in Delhi, Gurgaon (NCR).
How to Keep Your Top Talent
Practically every company these days has some form of program designed to nurture its rising stars. With good reason—these high-achieving individuals can have an enormous impact on business results.
Programs aimed at this class of talent are usually organized around some sort of annual nomination process and offer targeted leadership-development opportunities such as business rotations and special stretch assignments. But despite the prevalence of these programs, most haven’t delivered much in the way of results. Our recent research on leadership transitions demonstrates that nearly 40% of internal job moves made by people identified by their companies as “high potentials” end in failure. Moreover, disengagement within this cohort of employees has been remarkably high since the start of the recession: In a September 2009 survey by the Corporate Executive Board, one in three emerging stars reported feeling disengaged from his or her company. Even more striking, 12% of all the high potentials in the companies we studied said they were actively searching for a new job—suggesting that as the economy rebounds and the labor market warms up, organizations may see their most promising employees take flight in large numbers.
The above article was extracted from Skyline Talent updates of Skyline College. Skyline College is amongst the top MBA delhi and BBAinstitutes in Delhi, Gurgaon (NCR).
Programs aimed at this class of talent are usually organized around some sort of annual nomination process and offer targeted leadership-development opportunities such as business rotations and special stretch assignments. But despite the prevalence of these programs, most haven’t delivered much in the way of results. Our recent research on leadership transitions demonstrates that nearly 40% of internal job moves made by people identified by their companies as “high potentials” end in failure. Moreover, disengagement within this cohort of employees has been remarkably high since the start of the recession: In a September 2009 survey by the Corporate Executive Board, one in three emerging stars reported feeling disengaged from his or her company. Even more striking, 12% of all the high potentials in the companies we studied said they were actively searching for a new job—suggesting that as the economy rebounds and the labor market warms up, organizations may see their most promising employees take flight in large numbers.
The above article was extracted from Skyline Talent updates of Skyline College. Skyline College is amongst the top MBA delhi and BBAinstitutes in Delhi, Gurgaon (NCR).
Friday, June 25, 2010
The Wellness Imperative: Creating More Effective Organizations
Wellness is an extremely powerful element that can play a significant role in employee engagement, organizational productivity, talent retention, and creativity and innovation. Organizations can improve their effectiveness significantly by addressing the wellness shortfall with a strategic whole-systems approach. To realize real business gains, wellness must be approached strategically and incorporated into a broader organizational effectiveness framework. Research has found compelling evidence linking health and well-being to employee engagement, organizational productivity, talent retention and creativity and innovation. Right Management’s findings point the way to a broader understanding of and a significantly new approach to promoting wellness in the workplace.
Redefining wellness – as a state of being that is shaped by engagement and other workplace factors as much as by physical and psychological health – and making wellness central to business strategy opens an important new avenue to increasing organizational effectiveness. As the post-recession world economy slowly takes shape, those organizations that choose to follow this path are more likely to boost workforce productivity, drive business performance and realize core strategic goals.
The above article was extracted from Skyline Talent updates of Skyline College. Skyline College is amongst the top MBA delhi and BBAinstitutes in Delhi, Gurgaon (NCR).
Redefining wellness – as a state of being that is shaped by engagement and other workplace factors as much as by physical and psychological health – and making wellness central to business strategy opens an important new avenue to increasing organizational effectiveness. As the post-recession world economy slowly takes shape, those organizations that choose to follow this path are more likely to boost workforce productivity, drive business performance and realize core strategic goals.
The above article was extracted from Skyline Talent updates of Skyline College. Skyline College is amongst the top MBA delhi and BBAinstitutes in Delhi, Gurgaon (NCR).
Winning over your associates
In his last speech to a corporate audience, Vince Lombardi, the celebrated coach of Green Bay Packers and Washington Redskins, said “I am going to share with you the key to success in any business.” What followed was a long pause and a deafening silence. The audience was surely on the edges of their seats waiting for the answer. He said, “The secret is, in a word ‘Heart-power’. Capture the heart; you have captured the person. Get people to fall in love with your company”.
You need to treat your associates like customers, which means you must understand their needs especially those unexpressed needs and then remember them as this will enable you to effectively support their performance and their careers. You must create a boundary-less environment in your team and facilitate exciting and meaningful conversations between different teams and team members to deliver high performance. You must recognize contributions, commitment, hard work and any consistent display of core values as it reinforces behaviors which lead to high performance.
Establishing a culture of winning hearts and minds should be a key priority for the executive team and the human resources department. Human resources must play a missionary role to constantly reflect, preach and reinforce the core values of the organization and fundamental values like mutual respect, trust, fairness etc
The above article was extracted from Skyline Talent updates of Skyline College. Skyline College is amongst the top MBA delhi and BBAinstitutes in Delhi, Gurgaon (NCR).
You need to treat your associates like customers, which means you must understand their needs especially those unexpressed needs and then remember them as this will enable you to effectively support their performance and their careers. You must create a boundary-less environment in your team and facilitate exciting and meaningful conversations between different teams and team members to deliver high performance. You must recognize contributions, commitment, hard work and any consistent display of core values as it reinforces behaviors which lead to high performance.
Establishing a culture of winning hearts and minds should be a key priority for the executive team and the human resources department. Human resources must play a missionary role to constantly reflect, preach and reinforce the core values of the organization and fundamental values like mutual respect, trust, fairness etc
The above article was extracted from Skyline Talent updates of Skyline College. Skyline College is amongst the top MBA delhi and BBAinstitutes in Delhi, Gurgaon (NCR).
Thursday, June 24, 2010
Innovative practices in Motivation
Companies that do not handle their staff sensitively fail to attract talent when need it the most and are also weighed down by a demotivated workforce. A great pool at all times is of paramount importance and needs to be groomed and developed.Companies are taking people related initiatives as there is a need to handle human resources advantageously, so that they do not loose the competitive edge in talent management. At Coco-Cola India’s Gurgaon headquarter receive four liters of company beverage free in a program called ‘Weekend Funda’.In a tiny gesture that is supplemented with other services like concierge and crèche services, a diversity council and a coke university for workforce training to assist in keeping motivation high.
The company claims that this has helped in keeping attrition at an all time low of 15%IGate is among a few firms that have continued to offer stock options to its employees. There are long term investments measures for weddings, families, even retirement, as the company is of the opinion that people wish for a compensation by which they can focus on comfortable quality of living and not on cost of living.
The above article was extracted from Skyline Talent updates of Skyline College. Skyline College is amongst the top MBA delhi and BBAinstitutes in Delhi, Gurgaon (NCR).
The company claims that this has helped in keeping attrition at an all time low of 15%IGate is among a few firms that have continued to offer stock options to its employees. There are long term investments measures for weddings, families, even retirement, as the company is of the opinion that people wish for a compensation by which they can focus on comfortable quality of living and not on cost of living.
The above article was extracted from Skyline Talent updates of Skyline College. Skyline College is amongst the top MBA delhi and BBAinstitutes in Delhi, Gurgaon (NCR).
Wednesday, June 23, 2010
Innovative HR practices
Companies are taking up people related initiatives as there is a need to manage human resources advantageously so as to not to lose the competitive edge in the talent that they have built.At Godrej Consumer Product limited (GCPL) the rebranding of the company sphere goes under the aegis of ‘brighter working’ where an employee is connected to a PC, office and factories are being brightened up and exchange of ideas is encouraged.
The company is also assisting in making the breaks more relaxing. It has started a day care centre of women employees who generally have t leave their jobs to become mothers. Mangers are also encouraged to come up with long term strategic plans that can be beneficial for the company to propel it to the next level.
Companies are making unique ways to convey their message to the employees. Technovate also provided a pack of sugarless, bitter chocolates to its new recruits in trainings .The moral of the training was ‘never go by the cover, it could be deceiving’.
The above article was extracted from Skyline Talent updates of Skyline College. Skyline College is amongst the top MBA delhi and BBA institutes in Delhi, Gurgaon (NCR).
The company is also assisting in making the breaks more relaxing. It has started a day care centre of women employees who generally have t leave their jobs to become mothers. Mangers are also encouraged to come up with long term strategic plans that can be beneficial for the company to propel it to the next level.
Companies are making unique ways to convey their message to the employees. Technovate also provided a pack of sugarless, bitter chocolates to its new recruits in trainings .The moral of the training was ‘never go by the cover, it could be deceiving’.
The above article was extracted from Skyline Talent updates of Skyline College. Skyline College is amongst the top MBA delhi and BBA institutes in Delhi, Gurgaon (NCR).
Tuesday, June 22, 2010
Making Jack play at Work
Stress and a poor work life balance can really affect an employee’s well being and subsequently the output. Corporate head of the ‘best places to work’ organizations have realized that money may not be enough to keep employees in high spirits. Acclaris, a US based KPO ranked one of the best ITeS workplaces companies in India has appointed a ‘Chief Fun officer’ whose duty is to devise fun things for employees to do all the year round.
The company claims that the attrition rates have gone down from 18% -12%.Phillips India, on its part, conducts Isha Yoga Inner engineering program specially designed for employees. The company contributes immensely to individual and group excellence through productivity, work ethics and satisfaction. At Angel Broking, apart from regular health checkup, employees suffering from emotional or intellectual stress can avail ‘self Management ‘programme.
The above article was extracted from Skyline Talent updates of Skyline College. Skyline College is amongst the top MBA delhi and BBA institutes in Delhi, Gurgaon (NCR).
Wednesday, June 16, 2010
Humor for Retaining Employees
As more and more organizations reengineer, merge, restructure, downsize, right size, and even capsize, employees confront uncertainty on an almost daily basis. The rules keep changing in terms of what they're supposed to do, how they’re supposed to do it, who they do it for, and whether they get to do it at all. And since most have little or no control over the making of these rules, the result is often a sense of powerlessness that translates into increased stress, decreased wellness, demoralization, absenteeism, and lower productivity, all of which affect rates of retaining employees. And we all know that people are an organization’s number one asset, and losing them costs money.
So, how do you help employees, who have little or no control over external events, survive a crazy-making situation? Organizations need to encourage employees to take control over the one aspect of the situation they do control - how they choose to respond to it. And on those days where workers feel overwhelmed, overworked, and have no idea what's going to happen next, the only rational, life-affirming response is to go find some colleagues, and break out the clown noses, kazoos etc.
Why is laughter such a positive choice? We all know that it makes us feel good, but in today’s bottom-line oriented workplace, the term "feel good" is too nebulous to have much impact on how people go about structuring their job interactions and professional relationships.
And most organizations are not going to promote humor as part of their culture because some "touchy feely" wellness devotee thinks that having the boss come to work dressed as a chicken will create a happy afterglow.So any discussion of the benefits of laughter needs to be more tangible and focused on addressing positive morale, a major factor contributing to retaining valued employees. Remember though, humor is a coping mechanism to aid in retaining employees, not a cure-all for other systemic problems affecting organizations.
The above article was extracted from Skyline Talent updates of Skyline College. Skyline College is amongst the top MBA delhi and BBA institutes in Delhi, Gurgaon (NCR).
So, how do you help employees, who have little or no control over external events, survive a crazy-making situation? Organizations need to encourage employees to take control over the one aspect of the situation they do control - how they choose to respond to it. And on those days where workers feel overwhelmed, overworked, and have no idea what's going to happen next, the only rational, life-affirming response is to go find some colleagues, and break out the clown noses, kazoos etc.
Why is laughter such a positive choice? We all know that it makes us feel good, but in today’s bottom-line oriented workplace, the term "feel good" is too nebulous to have much impact on how people go about structuring their job interactions and professional relationships.
And most organizations are not going to promote humor as part of their culture because some "touchy feely" wellness devotee thinks that having the boss come to work dressed as a chicken will create a happy afterglow.So any discussion of the benefits of laughter needs to be more tangible and focused on addressing positive morale, a major factor contributing to retaining valued employees. Remember though, humor is a coping mechanism to aid in retaining employees, not a cure-all for other systemic problems affecting organizations.
The above article was extracted from Skyline Talent updates of Skyline College. Skyline College is amongst the top MBA delhi and BBA institutes in Delhi, Gurgaon (NCR).
Innovative practices in Motivation
Companies that do not handle their staff sensitively fail to attract talent when need it the most and are also weighed down by a demotivated workforce. A great pool at all times is of paramount importance and needs to be groomed and developed.Companies are taking people related initiatives as there is a need to handle human resources advantageously, so that they do not loose the competitive edge in talent management. At Coco-Cola India’s Gurgaon headquarter receive four liters of company beverage free in a program called ‘Weekend Funda’.In a tiny gesture that is supplemented with other services like concierge and crèche services, a diversity council and a coke university for workforce training to assist in keeping motivation high.
The company claims that this has helped in keeping attrition at an all time low of 15%IGate is among a few firms that have continued to offer stock options to its employees. There are long term investments measures for weddings, families, even retirement, as the company is of the opinion that people wish for a compensation by which they can focus on comfortable quality of living and not on cost of living.
The company claims that this has helped in keeping attrition at an all time low of 15%IGate is among a few firms that have continued to offer stock options to its employees. There are long term investments measures for weddings, families, even retirement, as the company is of the opinion that people wish for a compensation by which they can focus on comfortable quality of living and not on cost of living.
The above article was extracted from Skyline Talent updates of Skyline College. Skyline College is amongst the top MBA delhi and BBA institutes in Delhi, Gurgaon (NCR).
Tuesday, June 15, 2010
The Wellness Imperative: Creating More Effective Organizations
Wellness is an extremely powerful element that can play a significant role in employee engagement, organizational productivity, talent retention, and creativity and innovation. Organizations can improve their effectiveness significantly by addressing the wellness shortfall with a strategic whole-systems approach. To realize real business gains, wellness must be approached strategically and incorporated into a broader organizational effectiveness framework. Research has found compelling evidence linking health and well-being to employee engagement, organizational productivity, talent retention and creativity and innovation. Right Management’s findings point the way to a broader understanding of and a significantly new approach to promoting wellness in the workplace.
Redefining wellness – as a state of being that is shaped by engagement and other workplace factors as much as by physical and psychological health – and making wellness central to business strategy opens an important new avenue to increasing organizational effectiveness. As the post-recession world economy slowly takes shape, those organizations that choose to follow this path are more likely to boost workforce productivity, drive business performance and realize core strategic goals.
The above article was extracted from Skyline Talent updates of Skyline College. Skyline College is amongst the top MBA delhi and BBA institutes in Delhi, Gurgaon (NCR).
Winning over your associates
In his last speech to a corporate audience, Vince Lombardi, the celebrated coach of Green Bay Packers and Washington Redskins, said “I am going to share with you the key to success in any business.” What followed was a long pause and a deafening silence. The audience was surely on the edges of their seats waiting for the answer.
He said, “The secret is, in a word ‘Heart-power’. Capture the heart; you have captured the person. Get people to fall in love with your company”. You need to treat your associates like customers, which means you must understand their needs especially those unexpressed needs and then remember them as this will enable you to effectively support their performance and their careers. You must create a boundary-less environment in your team and facilitate exciting and meaningful conversations between different teams and team members to deliver high performance. You must recognize contributions, commitment, hard work and any consistent display of core values as it reinforces behaviors which lead to high performance.
He said, “The secret is, in a word ‘Heart-power’. Capture the heart; you have captured the person. Get people to fall in love with your company”. You need to treat your associates like customers, which means you must understand their needs especially those unexpressed needs and then remember them as this will enable you to effectively support their performance and their careers. You must create a boundary-less environment in your team and facilitate exciting and meaningful conversations between different teams and team members to deliver high performance. You must recognize contributions, commitment, hard work and any consistent display of core values as it reinforces behaviors which lead to high performance.
Establishing a culture of winning hearts and minds should be a key priority for the executive team and the human resources department. Human resources must play a missionary role to constantly reflect, preach and reinforce the core values of the organization and fundamental values like mutual respect, trust, fairness etc
The above article was extracted from Skyline Talent updates of Skyline College. Skyline College is amongst the top MBA delhi and BBA institutes in Delhi, Gurgaon (NCR).
Monday, June 14, 2010
Work and fun - Striking a chord
Gone are the days when employers would scorn at the concept of ‘work-life balance’. However, experts point out that there are several employees, despite innovative efforts made by organizations, who find the task of striking a chord between work and personal commitments quite excruciating. ‘Work-life’ balance remains the buzzword in the corporate parlance and it is a well-acknowledged fact that having a good work-life balance is essential for the well-being of an organization and its employees as it is crucial for employee engagement and productivity. But with the advancement of technology and changing workplace dynamics, the line between one’s work and personal life is narrowing rapidly, thus making the struggle between striking the right chord between office duties and familial commitments a day-to-day affair for many people.
Sanjay Muthal, MD, Nugrid Consulting Pvt. Ltd suggests a few tips that you can adopt to ensure a good work-life balance: 1) time management: start on time and leave on time and do not carry work home; this trend is slowly turning out to be the norm among professionals these days. Find support from someone (a cook, good daycare facility, housekeeping service, a driver, etc) who can run errands for you, particularly women, 2) eat well: do not skip meals; good food and sound sleep are important as they give you the much needed energy to shoulder various responsibilities and 3) take short breaks: when needed, take a break from work; you could opt for a short vacation or even spend quality time with your friends/family. However, time it well so that it does not stress you, when you return.
The above article was extracted from Skyline Talent updates of Skyline College. Skyline College is amongst the top MBA delhi and BBA institutes in Delhi, Gurgaon (NCR).
Sanjay Muthal, MD, Nugrid Consulting Pvt. Ltd suggests a few tips that you can adopt to ensure a good work-life balance: 1) time management: start on time and leave on time and do not carry work home; this trend is slowly turning out to be the norm among professionals these days. Find support from someone (a cook, good daycare facility, housekeeping service, a driver, etc) who can run errands for you, particularly women, 2) eat well: do not skip meals; good food and sound sleep are important as they give you the much needed energy to shoulder various responsibilities and 3) take short breaks: when needed, take a break from work; you could opt for a short vacation or even spend quality time with your friends/family. However, time it well so that it does not stress you, when you return.
The above article was extracted from Skyline Talent updates of Skyline College. Skyline College is amongst the top MBA delhi and BBA institutes in Delhi, Gurgaon (NCR).
Hiring goes interactive as HR targets Gen-next
In the bad old days, corporate flew their HR teams to multiple cities across the country, paying for airfares and attendant other overheads, in an attempt to pick the best young minds from B-schools. That world is facing demise, with companies preferring novel methods to choose the right candidates, reaching out to the net-savvy, socially-networked youth through interactive, problem-solving methods that are appreciated by the younger generation and gets the right candidates for companies.
Novel methods in hiring are being tried across sectors, but one that caught attention in recent times was the case study method that Pepsi deployed, in association with Contests2Win, inviting top B-school students to crack a marketing problem. The short-listed teams were offered the sop of flying to the MNC’s New York headquarters to make their video presentations, and of course being offered placements.
Says Raj Menon, COO of C2W: “Companies are realizing that consumers are no longer mere audiences, but they are co-creators of the brand, and that satisfied customers can actually help proliferate and amplify the image and reach of the brand concerned.”
Menon says more companies are getting hooked on to such novel hiring methods, which gives them a better “touch and feel’ in recruiting candidates rather than the traditional method of visiting different cities, scanning mark sheets and making a choice largely based on academic performance.
Novel methods in hiring are being tried across sectors, but one that caught attention in recent times was the case study method that Pepsi deployed, in association with Contests2Win, inviting top B-school students to crack a marketing problem. The short-listed teams were offered the sop of flying to the MNC’s New York headquarters to make their video presentations, and of course being offered placements.
Says Raj Menon, COO of C2W: “Companies are realizing that consumers are no longer mere audiences, but they are co-creators of the brand, and that satisfied customers can actually help proliferate and amplify the image and reach of the brand concerned.”
Menon says more companies are getting hooked on to such novel hiring methods, which gives them a better “touch and feel’ in recruiting candidates rather than the traditional method of visiting different cities, scanning mark sheets and making a choice largely based on academic performance.
The above article was extracted from Skyline updates of Skyline College. Skyline College is amongst the top MBA delhi and BBA institutes in Delhi, Gurgaon (NCR).
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