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Monday 18 December 2017

HR learning: 18 Dec, 2017

1.                    
Here’s how employee engagement needs to be overhauled

The overall work experience is deteriorating, particularly with regard to enablement, autonomy, and sense of accomplishment
Human capital is the core competitive advantage that organizations hold today. And companies with top quartile employee engagement have higher revenue growth and higher total shareholder return than other organizations2 while this builds the case for the employee engagement agenda, it is not easy to have people who are actively engaged.

Beyond Engagement Measurement


Lessons from Aon Hewitt Best Employers and Top Companies for Leaders® studies corroborates the need for a holistic approach to engaging employees.

In order to create a great employee experience, there must be ownership and accountability. Top leaders are the ultimate owners of the engagement agenda and must work in tandem with other stakeholders like HR, people managers, the individual employee, and with other senior business leaders. They together must first understand the key engagement drivers.


2.
Here's how you should develop frontline leaders

Despite the significant role that frontline managers play, their development is mostly taken for granted. This write up shares some tips on systematizing frontline managers development to unlock their true potential.
A weak leadership on the front lines is one of the big reasons why organizations struggle. Reflecting on the state of frontline leadership, a study of 300 HR managers revealed that 56% of respondents “rated the lack of interpersonal skills as the number one reason for leadership failure.” The same study found that organizations are doing an average job of developing their frontline leaders, and their development is mostly short-sighted.  In July 2016, Human Capital Management in collaboration with Skillsoft conducted a study on 252 organizations, and it was found that leadership development initiatives often focus on mid- and executive-level leaders while ignoring the developmental needs of first-time, front-line managers.

Organizations often wait for long to train their manager -the average age of a supervisor is 33 years old, but most leaders don’t participate in leadership training until they are 42. Afore-mentioned studies present the challenge areas around frontline leadership development; despite their significance in ensuring organizational success, their development is mostly overlooked.

To rectify such leadership limitations, it is imperative that organizations pay attention to frontline leadership and formalize new ways of frontline development; Investing and supporting new, front-line managers drives better-performing managers, and employee engagement as study reveals that 70% of the variance in employee engagement is driven by the manager-employee dynamic.

3.
Learning success metrics that your tech team should measure

A number of factors determine the success of a learning program. .
A number of factors determine the success of a learning program. Understanding what makes learning successful and key metrics you must track will enable you to support the learner effectively.
Here, we will reflect on questions like how do you measure performance improvement? What should the ideal reduction in hire to bill cycle look like? And how soon can one start apply learning from training? If you have been thinking of what the latest trends on the topic “ROI in learning” are, then this webinar is for you. Here’s what we may reflect upon:

  • What are some top trends in measuring learning success for technology teams
  • How can you improve learning by measuring the right metrics
  • What are the metrics you must track to support your tech teams? 
  • How can you link back to business results or performance?

HR News: 18 Dec, 2017

1.
IT retrenchment woes continue: Verizon lays off over 1,000 employees in India

The partnership will help create industry-ready resources.
The retrenchment phase of the IT industry in India seems to be continuing. The trend is on with Verizon Data Services India (VDS), a wholly-owned subsidiary of the American company, Verizon Communications, now reportedly laying off over 1,000 employees.
The move comes as Verizon is rationalising its staff at its India units in Chennai and Hyderabad. In line with that, the Company mentioned in a statement that it is consolidating its strategy such that it can ‘scale, compete and continue to be successful’. It also said that Verizon's IT, including Verizon Data Services India, is transforming into an engineering-centric, technology organisation, which entails rationalisation of roles, which has an impact on the headcount.
Meanwhile, the office bearers of the Forum of IT Employees, a union of the IT-sector workers, alleged ‘forced resignations’ and urged the labour commissioner to intervene in the matter.

2.
Flipkart employees are richer now

All existing and former employees of Flipkart and group companies were given the opportunity to sell a part of their ESOP units to the Company.
Online retailer, Flipkart, has bought back the shares owned by the employees for a whopping $100 million. Around 3000 existing and former employees of Flipkart, Myntra, Jabong and PhonePe benefited from this ESOP repurchase initiative, which is being called the largest-ever share buyback programme in the history of the Indian startup ecosystem.
In an official statement, Flipkart said that this programme was initiated in October and all eligible existing as well as former employees of Flipkart and group companies were given the opportunity to sell to the company a part of their vested ESOP units.

3.
Employees withdrawing full PF money will lose social security benefits

EPFO advises members to refrain from withdrawing funds fully for trivial reasons.
Employee Provident Fund Organisation (EPFO) has advised subscribers not to withdraw funds completely for petty reasons, as it can lead to losing the social security benefits which come with continuity.
Those who continue to hold the fund till they retire are entitled to social security benefits, which they otherwise tend to lose. Early withdrawal will lead to the loss of old-age security and pension benefits along with the PF money.
This announcement came because many of the subscribers started withdrawing the funds fully to use it for petty reasons.

HR Movements: 18 Dec, 2017



1.
Sharad Sharma joins DHFL Pramerica as SVP & head-HR

Sharma was formerly EVP & chief people officer of SBI Card and headed HR for GE’s BPM unit and the HR function for the credit card JV between GE Capital & State Bank of India. 
A seasoned HR professional with over two decades of experience spanning domestic and international firms, Sharad Sharma has just joined DHFL Pramerica Life Insurance as the SVP & head HR. His previous stint was with SBI Card, where he was the EVP & chief people officer and headed HR for GE’s BPM unit and the HR function for the Credit Card JV between GE Capital & State Bank of India. His decision to move came soon after GE’s exit from the business.
Having worked across varied industries, Sharma believes that the insurance sector in India has a huge potential for growth, which is what drew him. He tells HRKatha, “As DHFL Pramerica looks ahead at a transformation and next phase of expansion, the HR agenda is also going to be significant, which is what attracted me towards joining them. The insurance sector has tremendous potential to grow in the Indian market, and attraction and retention of talent will continue to remain the focus area for augmenting growth opportunities.”

2.
Kunal Sen to lead Korn Ferry Futurestep India as MD

Sen has been recognised as an influential leader by the World HRD Congress this year.
Kunal Sen has joined Korn Ferry Futurestep, India as its managing director. In the new role, Kunal will be responsible for the growth, profitability and overall management of the Futurestep business in India. He will work out of the Bangalore office of the company.
Kunal has been a business leader with two decades of diverse experience in B2C and B2B. He has a strong operational background, is a proven leader and has the ability to scale up businesses profitably.  He has worked in several companies at senior positions.
Prior to taking up this new role, he worked at TeamLease Skill University (TLSU) as senior vice-president. Before that (between 2014–17), he worked at TeamLease Services Pvt. Ltd as senior vice president. He was responsible for deriving the growth and profitability agenda for a large (200+) team. 

3.
Axiscades appoints Mritunjay Singh as CEO

Subsequent to his resignation from Infosys in November, he now joins Axiscades as CEO with effect from January 2, 2018.
The board of Axiscades has appointed Mritunjay Singh as the new CEO of the company. And he shall begin his work from January 2, 2018. 
Sudhakar Gande, vice-chairman of Axiscades informed media that Mritunjay was chosen to lead the business unanimously by the board.  His background and experience of managing large operations and businesses at Infosys and leading growth in his last position at Persistent made him an obvious choice. 
Sudhakar believes that the company is in an exciting phase of growth and has a tremendous opportunity in creating synergies between Engineering and Automation/IoT. And Mritunjay has the right credentials to steer the company in this new phase. 

Monday 11 December 2017

Panel Discussion-1 - Wisdom Learning Series (HR Club Activity)


 A PGDM student introducing the Guest speakers(L-R_Rohit Kher; HR Mgr.-Reliance Retail, Renu Nargunde; HR Psychologist-British Council and Mona Bose; VP-HR; Aranca)

Ms. Mona Bose, VP-HR, Aranca being felicitated by HR faculty, Prof. Rangana Maitra
 

HR Faculty, Prof. Rangana Maitra presenting Ms. Renu Nargunde, HR Psychologist, British Council of India with a memento

Mr. Rohit Kher, Sr. HR Mgr., Reliance Trends receiving a memento from HR Faculty, Prof. Rangana Maitra

Faculty-in-charge, HR Club, Mrs. Merlyn Michael D'souza moderating the Panel  Discussion

Ms. Mona Bose inititiating the Panel  Discussion

A PGDM student proposing the Vote of Thanks



Title of the Event: Panel Discussion (HR Club Activity)       
                                                                                                                              
In-charge Faculty: Mrs. Merlyn Michael D’souza                                   
                                                                                                                     
Day: Saturday,

Date: 9th December 2017                                                                                                                                                                              
Time:                   From:  2:30p.m.    to   4:30p.m.                                                

Venue:        Class Room 304, 3rd Floor
                                                                                  
Audience (for whom conducted):    HR Specialisation – (PGDM, 1st Year, Batch 2017-19)                      

Number of people attended:              11          

Topic:    ‘HR Career planning: Campus to corporate transitions’           

Speakers Name :
1.     Ms. Renu Nargunde, HR Psychologist/ Counsellor – British Council of India

2.     Ms. Mona Atindra Bose, Vice President - Human Resources –  Aranca

3.     Mr. Rohit Kher, Senior Human Resources Manager, Reliance Retail.


Comments :
Ms. Renu Nargunde, HR Psychologist/ Counsellor – British Council of India, Ms. Mona Atindra Bose, Vice President - Human Resources –  Aranca and Mr. Rohit Kher, Senior Human Resources Manager, Reliance Retail, was able to communicate fine with 11 students of PGDM, 1st Year, Batch 2017-19, on Saturday, 9th December 2017 in Classroom 304, 3rd Floor, on the topic, ‘Career Planning: Campus to corporate transitions’. Mrs. Merlyn Michael D’souza, Faculty-in-charge, HR Club Matrix moderated the discussion with introspective comments at the beginning, during and at the end of the session. Ms. Mona Atindra Bose initiated the discussion with what she wanted the students to take away from her session. She addressed issues faced by students at the beginning of their careers in terms of being a big fish in a small pond or vice-versa and how to deal with it. She explained the nuances of working with start-ups and different career options available vis-à-vis working with large companies and different HR career choices one has to make. In reply to a query, she suggested that HR consulting was a lucrative career option for HR freshers as well, as she currently heads, an HR Managing Consultant Firm. She explained the stages in the HR function right from hiring, on-boarding to training, appraisals and finally controlling attrition with a sound knowledge of HR analytics. Mr. Rohit stood up amidst the students and made the session quite interesting by asking questions to the audience on what HR careers meant to them and why they chose their specialisations. He shared his Industry experiences on Recruitment being the first type of job an HR management trainee does and said that recruiters look for right attitude and company fitment while choosing prospective employees. He related that all colleges are at the same level in the eyes of a recruiter and he illustrated this by sharing an example of how Taj employees in the 26/11 attack never left the Taj hotel amidst the chaos and most of them were not students of premier B-Schools like the IIMs and yet they displayed high company loyalty. He urged all to maintain a diary on what new thing they learnt everyday at work and the minute they had nothing to fill in that diary he suggested that they should change their work profile. Ms. Renu Nargunde walked and talked the behavioural language in terms of assessment models relevant to HR. She said that every manager has to be continually aware of him or her selves. She explained the role of Johari window and Transactional analysis as an aid to create self-awareness. She guided a student on how HR behavioural tools could bridge the generation gaps and diversity issues faced by an organisation’s employee by continuously being self-aware. On the whole, the session was educational and there was a good discussion with improved points dealt by students and the Guest Speakers. Visit the links below for this Panel Discusssion and our other HR Club Guest Lectures:
  1. https://iesmcrc-hrclub.blogspot.in/2017/12/panel-discussion-1-wisdom-learning.html
  2. https://www.linkedin.com/pulse/its-wisdom-learning-series-hr-club/
  3. https://twitter.com/hrclub2/status/940130705115197440