Friday, October 11, 2013

Sensex erases early gains from RBI liquidity steps, up 89 pts

PTI  Mumbai, October 08, 2013
First Published: 09:57 IST(8/10/2013) | Last Updated: 17:17 IST(8/10/2013
The benchmark Sensex partially erased initial gains from the RBI's surprise reduction of a bank lending rate and climbed 89 points on Tuesday to end at the highest level in more than two weeks.

Brokers said sentiment initially turned buoyant after the Reserve Bank of India yesterday cut the marginal standing facility (MSF) rate, at which it lends emergency funds to banks, by 50 basis points to 9 per cent ahead of the festive season with the aim of improving liquidity and boosting economic activities.
The index regained the 20,000 level but failed to hold on to the gains. Realty, capital goods and FMCG sector stocks gained, while metal and IT stocks declined.
ITC and ICICI Bank boosted the Sensex, while TCS and HDFC dragged it lower. The major gainers on the index included Tata Power and Bharti Airtel.
The 30-share Sensex resumed above the 20K-level and touched an intra-day high of 20,150.27, before succumbing to profit-booking to settle at 19,983.61, a rise of 88.51 points or 0.44 per cent.
This is the highest closing level for the index since September 20, when it ended at 20,263.71.
"While the markets had a flying start on back of MSF cut by RBI, the gains got trimmed during the day. The market movement has actually turned sideways ahead of result season," said Milan Bavishi, Head Research at Inventure Growth and Securities.
The 50-share CNX Nifty on the National Stock Exchange rose 22.25 points, or 0.38 per cent, to 5,928.40. The SX40 index on the MCX Stock Exchange gained 48.17 points to end at 11,904.62.
The RBI had taken steps in mid July, including raising the MSF rate to 10.25 per cent, to tighten liquidity in an attempt to curb volatility in the rupee-dollar exchange rate.
nitesh kumar
pgdm 1st

Managers hold key to engagement: Six steps to help them succeed

Managers hold key to engagement: Six steps to help them succeed       

The good news: American workers are two-and-a-half times more likely to be actively engaged in their jobs than their counterparts around the globe. The not-so-good part: only three of 10 U.S. workers are feeling the love.  
Those numbers are straight out of Gallup’s recent State of the Global Workplace: Employee Engagement Insights for Business Leaders Worldwide: 30% of American workers feel they’re engaged in their jobs. That number is only 13% worldwide.
What’s worse, actively disengaged workers — those folks who actually can submarine an organization — outnumber engaged ones by a ratio of nearly 2-1 on a worldwide scale. Here, too, the U.S. does better. But we’re still looking at almost one in five (18%) employees who admit they’re just not into their companies.
And then there are the 52% of American employees who say while they’re not actively disengaged, they’re not engaged, either.  \
Some other tidbits from the Gallup report:
East Asia has the lowest proportion of engaged employees in the world, at 6%, which is less than half of the global mean of 13%. The regional finding is driven predominantly by results from China, where 6% of employees are engaged in their jobs — one of the lowest figures worldwide.
In Australia and New Zealand, 24% of employees are engaged, while 60% are not engaged and 16% are actively disengaged. The resulting ratio of engaged to actively disengaged employees — 1.5-to-1 — is one of the highest among all global regions and similar to results from the U.S. and Canada (1.6-to-1).
Gallup found the highest levels of active disengagement in the world in the Middle     


ANAMIKA SINGH  
PGDM 3SEM  
12/10/2013

Wednesday, October 9, 2013

BANGALORE: In November 2005, former IPS officer DK Panda became well-known throughout India as the cop with a cross-dressing problem. Panda, then inspector-general of police, Lucknow, claimed he saw himself as Krishna's consort, Radha, and started dressing to reflect this belief. He went to work dressed in saris, vermilion in his hair and make-up, in clear breach of the police dress code and service rules. Panda, who famously labeled himself the 'Doosri Radha', was hauled up by the director-general of police, and subsequently quit the service to continue his chosen way of life.

While nothing quite as dramatic has taken place in Karnataka, the recent flip-flop by the state government on imposing dress codes on its employees by the department of personnel and administrative reforms has put the spotlight on whether and how dress codes impact productivity. Surprisingly, in these more liberal times, there is no unanimous denouncement of dress codes.

"The ayatollahs of formal dressing and the ayatollahs of informality are both wrong," says Manish Sabharwal, chairman, TeamLease Services. "How you dress must depend on what industry you are in, what role you serve, your position in the hierarchy of the organization... one size does not fit all," says Sabharwal. He points out that even in Silicon Valley, where the desire to not be seen as one of the 'suits' (a pejorative term for lawyers, HR managers and the like) led to an extreme informality of dress, there has been a pulling back in recent years. More people there are now adopting a middle-ground by teaming well-tailored jackets with T-shirts and blazers without ties. Personally, Sabharwal admits that dressing up in a sharp suit makes him feel more "decisive and confident."

"I don't believe there is a link between dress codes and productivity, but I do believe there is a direct correlation between employees' comfort and their productivity," says Mukund Mohan, director, Microsoft Ventures India. "Having a standard dress code is counter-productive, whether the rules bend towards the formal or the informal. It's a tricky thing - someone could feel most 'comfortable' and positive in a suit," says Mohan, a Silicon Valley-returnee, who feels most comfortable in T-shirts teamed with casual trousers, and has been dressing that way since the late '90s. It has never come in the way of his productivity or of people's perception of him as an efficient manager, he says.

A July 2012 study by researchers at Northwestern University in the US introduced the term "enclothed cognition" to describe the systematic influence that clothes have on the wearer's psychological processes. The study found that dressing in a certain way, such as in a doctor's lab coat, improved subjects' performance on parameters related to certain skills. Sangeeth Varghese, founder and chairman of LeadCap Trust, one of the world's largest youth leadership organizations, believes in "broad advisories" when it comes to workplace attire. Varghese, who has recently written to the Karnataka department of personnel and administrative reforms in support of the decision, quotes several studies that indicate smart and slightly formal attire improve productivity.

Certain businesses are very clear about where they stand on dress codes. "Some companies have rules and regulations and dress codes. Here, the only dress code is 'wear something'," writes Vivaik Bharadwaj, policy & quality operations director, Google India, on the company's website.

Quote hanger

* Imposing uniforms on government employees in no way improves the quality of service. Instead of imposing dress codes, it is necessary to change their attitude towards the public with whom they interact regularly. The employees should make the public feel confident that their grievances are being attended to. For this, the employees should look and appear neat and smart, but that's about it.

I M Vittala Murthy | former bureaucrat

* When you're in a responsible position and are addressing stakeholders, such as in a government job, it's important to project efficiency in order to be taken seriously. I wrote to the secretary of the department, Shalini Rajneesh, because I believe in the Sakaala campaign, which aims to improve delivery of government service, and I think a smart dress code is a part of that delivery.

Sangeeth Varghese | founder, LeadCap Trust

* While I do not support dress codes for college students because I feel that's the time for them to figure out their tastes and preferences without restrictions, I do believe that at the workplace, dress codes or at least a certain imposed uniformity works. It can enhance workplace unity and a certain similarity of dressing often does away with petty and negative comparisons. It can also, under certain circumstances, save time and make life easier for employe
raj kishore sharma 
pgdm 1st sem
 

Sunday, October 6, 2013

XpertHR, the UK's leading online HR resource, has relaunched with a new-look site, incorporating numerous customer-led improvements.

XpertHR, the UK's leading online HR resource, has relaunched with a new-look site, incorporating numerous customer-led improvements.                         






The website, which provides employment law advice, good practice and benchmarking information for HR professionals, has undergone an extensive redesign to enable customers to access its up-to-date HR information more easily.
XpertHR subscribers have been involved in the redesign throughout and have helped carry out extensive testing of a beta version of the site in recent months.
David Shepherd, content and platform director at XpertHR, said: "We are very grateful to our customers for giving us so much help in creating an HR resource that exactly meets their needs.
"Their input at every stage has helped us completely re-imagine XpertHR to meet today's challenges and make the most of the latest technology, while remaining true to the values of accuracy, authority, ease of use and comprehensiveness they have always associated with XpertHR."
The addition of "Tasks" means that subscribers can now access all the XpertHR guidance and model documents they need to accomplish hundreds of HR tasks, which customers have helped to define. Whether they need to "respond to an employee's formal notification of her pregnancy", "conduct an annual pay review" or "extend an employee's probationary period", all the guidance is now accessible in one place.
Areas that existing users are familiar with - including the employment law manual, "how to" and policies and documents - can now be found under "Tools" in the new XpertHR site. New tools have been added, including "audio and video", "case studies" and "survey analysis".
XpertHR has also expanded and improved its topics system. After selecting a top-level topic, such as "pay and benefits", you can drill down through lower-level topics, such as "pay levels and awards" then "national minimum wage", viewing all the latest resources for each topic and subtopic.
The new-look site also includes an enhanced search function, which allows users to filter results and access what they are looking for quickly.   
ANAMIKA SINGH   
PGDM 3 ESEM   
7/10/2013