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Saturday, 28 August 2010

Managing human resources in the emerging scenario

“People are our greatest asset” is a mantra that companies have been chanting for years. But only a few companies have started putting Human Resources Management (HRM) systems in place that support this philosophy. There are a number of challenges in the Indian IT industry which require the serious attention of HR managers to ‘find the right candidate’ and build a ‘conducive work environment’ which will be beneficial for the employees, as well as the organization. The IT industry is already under stress on account of persistent problems such as attrition, confidentiality, and loyalty. Other problems are managing people, motivation to adopt new technology changes, recruitment and training, performance management, development, and compensation management. With these challenges, it is timely for organizations to rethink the ways they manage their people. Managing HR in the knowledge based industry is a significant challenge for HR managers as it involves a multi-task responsibility. In the present scenario, HR managers perform a variety of responsibilities. Earlier their role was confined to administrative functions like managing manpower requirements and maintaining rolls for the organization. Now it is more strategic as per the demands of the industry.

Managing People

In view of the industry dynamics, in the current times, there is a greater demand for knowledge workers. Resumes abound, yet companies still fervently search for the people who can make a difference to the business. Often talented professionals enjoy high bargaining power due to their knowledge and skills in hand. The attitude is different for those who are taking up responsibilities at a lesser age and experience. These factors have resulted in the clear shift in approach to individualized career management from organization career commitment.

Motivating the Workforce

As the competition is growing rapidly in the global IT market, a technological edge supported by a talent pool has become a crucial factor for survival in the market. Naturally, as a result every organization gives top priority to technology advancement programs. HR managers are now performing the role of motivators for their knowledge workers to adopt new changes.

Competency Development

Human capital is the real asset for any organization, and this makes the HR role important in recruiting, managing, and retaining the best. The HR department has a clear role in this process and determines the success tempo of any organization. An urgent priority for most of the organizations is to have an innovative and competent HR pool; sound in HR management practices with strong business knowledge.

Recruitment and Training

Recruitment has become a major function from an imperative sub-system in HR, particularly in the IT industry. HR managers play a vital role in creating assets for the organization in the form of quality manpower. Attracting new talent also is a top priority for software companies, but less so for smaller companies. Another challenge for HR managers is to put systems in place to make the people a perfect fit for the job. Skill redundancy is fast in the IT industry. To overcome this problem, organizations give the utmost priority to training and skill enhancement programs on a continuous basis. Many IT companies are providing technical training to the employees on a quarterly basis. These trainings are quite useful also in terms of providing security to the employees.

The Trust Factor

Low levels of trust inhibit tacit knowledge sharing in the knowledge based industry. It is essential that the IT industry takes more initiatives to improve the security levels of the employees.

Work Life Balance Factor

Another dimension to the challenges faced by IT Industry is the growing pace of talent acquisition. This aspect creates with it the challenge of a smoother assimilation and the cultural binding of the new comers into the organization fold. The pressure of delivering the best of quality services in a reduced time frame calls for ensuring that employees maintain a work life balance.
One of the most important duties of the modern HR manager is to get things done through people. He has to bring employees into contact with the organization in such a way that the objectives of both groups are achieved. He must be interested in people, the work and the achievement of assigned objectives. To be effective, he must balance his concern for people and work. In other words he must know how to utilize human as well as non-human resources while translating goals into action.

Thank you for your comments in advance.

Major Hurdles in INDIAN TEXTILES - Human Resource, Volatile Market, Cotton Price, Slower Returns, Electricity.

In India the culture of silk was introduced in 400AD,while spinning of cotton traces back to 3000BC.

Indian textile enjoys a rich heritage and the origin of textiles in India traces back to the Indus valley Civilization where people used homespun cotton for weaving their clothes. Rigveda, the earliest of the Veda contains the literary information about textiles and it refers to weaving. Ramayana and Mahabharata, the eminent Indian epics depict the existence of wide variety of fabrics in ancient India. These epics refer both to rich and stylized garment worn by the aristocrats and ordinary simple clothes worn by the common people. The contemporary Indian textile not only reflects the splendid past but also cater to the requirements of the modern times.

A Labour Intensive Industry is now facing a major hurdle called "Man Power Shortage". 

Will it be resolved ? or else the industry will be wiped away from INDIA ?

Textile sector accounting for 30% of Indian exports will be in vein then, global clothing sector will face trouble in getting enough productions. World of Textile will face various difficulties, if Indian Textile market stumbles.

China,Pakistan and Bangladesh being our major competitors with surplus manpower and lower production cost is now raising the edge to dominate the market. 

Electricity Interruption and Cotton Price questions the Survival!

India is second largest producer and consumer of textiles globally is in need of man power and legal support. With high electricity interruptions, we already lag behind the target, additionally few more problems like frequent power crisis is  disturbing the industry. Cotton export is open from October 2010, which will eat the complete cotton production of 2010.From a month back ginning industry started to stock the production to export, this drastically increased the cotton price 20% hike in per candy price.  New cotton is expected by the end of November 2010. Hope new stocks will serve Indian needs.

Volatile Market and Slower Returns not like IT to deal with !
Cotton. Yarn. Clothing. Woolen. Rayon. Synthetic. Polyester. Technical Textiles. Agriculture. Natural Disasters. Climate.

When we speak about, Volatile Market and Slower Returns, we are forced to consider all the above fields. Climate, Natural Disaster accounts for major agricultural - Cotton production loss, which is the major production area. When it comes to cost of agricultural production, modern machineries are used because of labour shortage in breeding and sewing seeds to getting the agri product ready - it needs more money, so this is the start up place for increased production cost.

Next comes the ginning segment, where today lots of modernization takes place and automatically when investments goes high automatically quality, production cost and profit returns are expected high. Here the investment returns are obtained 88% successfully.

Next Comes the Spinning segment, where the advancement is at its peak and huge infra and investment is expected gives a very slow returns. This Spinning segment is one of the widely spread-ed one, where cotton converted in to cotton yarn, synthetic made in to synthetic yarn, polyester converted in to poly-yarn, woolen converted in to wool-cotton-polyester yarn (Mixture can be any kind), Rayon converted in to Cotton-rayon-yarn. So, here all the conversion process takes place after treating the raw material in wide process ares under different conditions and shapes.

Next comes warping, weaving, clothing segment. Where the any yarn output is made in to grey cloth and utilized for different fabric materials and shapes, designs are made. 

Next comes Knitting - Garment  segment. Where a final shape of cloth is made like Shirts, T-Shirts, Trousers, Suitings, Inner wears, Table Cloth, Screen Cloth, Socks, Jersey's,Denim's non-woven fabrics and many more.

Next Comes the Hand Loom and Auto Loom segment. Where the Saree, Bead spread, Towels, Terry Products and lot more are produced.

Human Resource a Serious Issue..,

Above said all segments were integrated with a huge number of processes, industries, businesses, manufacturers,labour's, farmer's, buyer's, seller's, marketing agencies and lot more were engaged in this textile segment in total.

So a final product like Under wear, Tie, T-Shirt are reaching the desired segment of people after surpassing various quality standards and tests. A single textile product in any store is hard work of the whole textile society. Farmer to seller everybody involved and every one needs a income to survive automatically as per the social & economic needs salaries are increased, product cost was raised time to time. 

Even though we are getting slow returns for our huge investments. This is how the manufacturing industry of India facing physical, Financial, social, economical and climatic problems and still overcoming every hurdle to survive and employing the 46% of Indian Population in different ways and in need of more man power. Will we survive ? this is answered periodically and the question arises periodically again and again.

We should get more man power to survive or else survival is really really difficult.

Hope i have not bored my beloved readers. Kindly leave your valuable comments.

MP's SALARY HIKE ? LET THEM HAVE IT ! *conditions Apply.

My Dear Indian Nationals,

Wish you all a happy RAMADAN month !

Just Listen !

Don't chase the few, who makes annoying bills pass, and the media which increases its own TRP by discussing those subjects on live TV - projects the issue in many annoying ways again.
Should keep our eye's open. Let the salary hike come, yes they are public servants should enjoy at least a good salary. They should educate their own family and wanted to save for their future.

Now, my point is, to request the center/parliament  to consider

1.Law's against bribe.
2.Law's against misuse of powers.
3.Educational allotments like minister quota.., etc.
4.Work leave.
5.Not attending Parliamentary sessions.
6.Violating parliament regulations and code of conduct.
7.Basic education for every Member of Parliament.
8.Total election cost every five years can be shared by participating members via EMI from their monthly salary. 
9.Traffic control by restricting number of vehicles used by any MP's on his road travel.
10.Every MP should adopt a village personally and should improve the economic and social reputation of the people.
11.Let the MP's consider their own medical problems and give way to next generation.

Let the parliament consider all the above points and even more stuffs there to consider, i just mentioned very few which i thought very important. All the democrats may have different views and wishes the parliament to consider, but it is not possible, though some important facts may be taken into account.
We are growing economy and young nation, give more and expect more is what i say. 

My NATION is my PRIDE, i am not the one to stop my countries development and i will not let anyone to stop.

I salute the Gandhian politician's !
I salute the Indian Democracy!

Writing with a pen nor a sword depends on my MP's. 

Not all Achievers are Leaders, but all Leaders are Achievers !!