Stress Loans: Will banks be unwilling to give loans to 'fair' companies? It is said that business is not done by 'self' investment but by 'borrowed' money from banks and individual investors. It is primarily banks & other financial institutions that extend lending facility as they are meant for this purpose. But they themselves are in a BUSINESS & business, of course, means profit. In last two decades, as the Indian economy opened up, banks & other institutions helped in achieving GDP growth by extending facility to old & new business to expand further. Bust as it is said, every coin has two sides - positive & negative. It is seen of late by published data that some seems to be taking undue advantage of this opportunity. This gets validated by many facts like when one hears that 'someone' did not pay back his loan. It becomes more serious when collateral are not worthy ensuring to recover loans given. If it is due to fai...
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4-Ps: Marketing to HR
The 4-Ps of Marketing, also known as ‘Marketing Mix’ is a concept being used in the business world since more than half a century. These 4-Ps have successfully played their roles in making companies successful in their businesses. Although, these 4-Ps, in last couple of years have lost their sheen to a major extent, as newer perhaps more relevant concepts have taken over, because business of today is different than before. We will discuss it, hopefully very soon separately. Let us talk of other 4-Ps; perhaps more important than 4-Ps of Marketing in today’s context when India Inc is talking vociferously about ‘Talent’, more so about ‘shortage of Talent (??????). What is Talent? As I see. “A person is a personality having a right mix of specific traits, which help him giving performance, in turn creating a positive perception about his potential for future”. We can call this ‘person’ – an employee in an Organisation . Therefore, if we dissect this definitio...
Creativity Tension & Appraisal of Employees I had come across many such points, talking to ‘General’ Managers when they covertly put across difficulty in assessing their subordinates. More often, the point they emphasize is that they know their subordinates well since many years. They know their people better than they themselves know. May be a point to ponder about? But, the question comes in my mind whether they really know their people? Did they ever try understanding aspirations of each individual working under them? Do they know what each individual subordinate wants to be in future? I will say, NO; may be a big NO. You may come across Superiors talking about their juniors, superficially. But the moment you dive down deep, they gasp. They gasp on basic questions - What to look for & what not; about what to assess and what not; how to assess and how not. When you hear comments like ‘Assessment is one more problem” or ‘Assessment is only for monetary benefits’ fro...
TALENT SHORTAGE IN INDIA: A REALITY OR DELIRIUM Talent, a very often heard and invariably mentioned word in all speeches of any and every MD or CEO of all size organisations, has got many ‘contextual’ references & meanings. But, to my understanding, every reference has a different definition. Debatable point? It seems that all these contextual references are being made to lay down individualistic definition of the word by successful to not-so-successful CEOs. Making my point more specific; if one ‘has’ it, he talks and emphasizes more about it and if not, then it is all ‘useless’ things which cannot be proved, hence, rubbishes the very fact. A very ‘human tendency’. A tendency which gets strengthen further when you see around ‘ non-talented’ employees getting better placements in an organisation because of various explainable to unexplainable reasons. Therefore, when I come across articles or research about shortage of Talent in India – a country of 1.2 billion pop...
Indian Economy : Reasons to Smile, yet Miles to Go India Inc has reported better Performance Results in December quarter, giving hope to Indians in general and India Corporate in particular. If we look at YOY results for overall revenue, it has grown by around 14%. The contribution to this healthy growth has mainly come from Pharma and IT sectors. The good part of this growth trend is that there has been a significant jump in the Operating Profit of around 18% along with an increase in margin to 19.5%, both on YOY. This trend has further dotted increase in bottom line which stands at 16% YOY. In my view, these positive results more so in relation to bottom line will provide required push to expansion planning to existing business in time to come and also, better environment to 'Invest in India' - both are required, given last few years of GDP growth fiasco. Sectors like FMCG, Steel, Engineering & Construction which off late were not doing well comparative previous ye...
Interview Of The Day: ‘Supply Chain Function Will Be Offered The Highest Pay Increase This Year’ No Comment Posted by admin on Jan 27, 2014 Rajesh Tripathi, vice president and head HR of GHCL (Gujarat Heavy Chemicals Ltd) Neha Singh Verma, TimesJobs.com Bureau The new-game changer in recruiting has to be the trend in lateral hiring, which is expected to grow. What will be the top recruitment trends in 2014 in your industry? What will be the new-game changers in recruiting? There will be a definite increase in the hiring trends in core sectors, besides Retail, Pharma and IT. As India gears up for the General Elections in 2014, a stable government is what people are strongly hoping for a stable economy. This will change hopefully, the overall scenario of the Indian economy and eventually the job market as well. The core sectors will open up for hiring as there is an increasing trend in the GDP, with new policies and regulations playing a pivotal role. The new-game changer i...
Talent - it is your soft skills
Dear Reader My views on the importance on soft skills and their assessment were published in the Hindustan Times dated 4th February 2014. Your inputs will be appreciated. Rajesh