Tag Archives: ceo

SHORT STORY: RETAINING TALENT

Copyright@shravancharitymission

RETAINING TALENT: WHAT MATTERS MORE IN THE CORPORATE WORLD TALENT OR LOYALTY?

    During the annual appraisals, Anil was furious. He had received the same bonus as Madhukar. But he had done so much more work than Madhukar. He had turned around a loss-making unit into a profitable one in just a year’s time. He had cut costs and acquired new customers. Thanks to him, the company was now on an accelerated growth curve. In comparison, Madhukar had done nothing but for, sustaining a marginally profitable unit. That unit had so much potential which Madhukar refused to tap. Why couldn’t the owner of the company see all that?

    But the owner of the company saw things differently. He told the CFO as they were finalizing the bonus, ‘Anil is an MBA, a professional. Sooner or later, he will leave us and go to another company where he will be paid more. We will never be able to match up the competition. On the other hand Madhukar will never leave us. He may not be a great stallion but he is a dependable donkey. Horses will come and go, adding bursts of success to our balance sheet, but donkeys will always grant us sustainable slow growth. We must therefore reward both equally.’

    In the uncertain world of business, loyalty offers comfort to owners. This is an emotional need whose value is not understood by professionals. Madhukar will never be as smart as Anil but he is able to satisfy the emotional need of the owner.

    Friends retaining talent is not easy. In Anil’s case, the owner has to make active efforts to retain him. In Madhukar’s case, the owner is passive. He knows that Madhukar’s mediocre talents will ensure he will never look out for another opportunity.

   So what matters more in the corporate world? Talent or loyalty? Well you’re are the best judge.

 Posted by Kamlesh Tripathi

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https://kamleshsujata.wordpress.com

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Shravan Charity Mission is an NGO that works for poor children suffering from life threatening diseases especially cancer. Our posts are meant for our readers that includes both children and adults and it has a huge variety in terms of content. We also accept donations for our mission. Should you wish to donate for the cause. The bank details are given below:

NAME OF ACCOUNT: SHRAVAN CHARITY MISSION

Account no: 680510110004635 (BANK OF INDIA)

IFSC code: BKID0006805

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Our publications

GLOOM BEHIND THE SMILE

(The book is about a young cancer patient. Now archived in 7 prestigious libraries of the US, including, Harvard University and Library of Congress. It can also be accessed in MIT through Worldcat.org. Besides, it is also available for reading in Libraries and archives of Canada and Cancer Aid and Research Foundation Mumbai)  

ONE TO TANGO … RIA’S ODYSSEY

(Is a book on ‘singlehood’ about a Delhi girl now archived in Connemara Library, Chennai and Delhi Public Library, GOI, Ministry of Culture, Delhi)

AADAB LUCKNOW … FOND MEMORIES

(Is a fiction written around the great city of Nawabs—Lucknow. It describes Lucknow in great detail and also talks about its Hindu-Muslim amity. That happens to be its undying characteristic. The book was launched in Lucknow International Literary Festival of 2014)

REFRACTIONS … FROM THE PRISM OF GOD

(Co-published by Cankids–Kidscan, a pan India NGO and Shravan Charity Mission, that works for Child cancer in India. The book is endorsed by Ms Preetha Reddy, MD Apollo Hospitals Group. It was launched in Lucknow International Literary Festival 2016)

TYPICAL TALE OF AN INDIAN SALESMAN

(Is a story of an Indian salesman who is, humbly qualified. Yet he fights his ways through unceasing uncertainties to reach the top. A good read not only for salesmen. The book was launched on 10th February, 2018 in Gorakhpur Lit-Fest. Now available in Amazon, Flipkart and Onlinegatha)

RHYTHM … in poems

(Published in January 2019. The book contains 50 poems. The poems describe our day to day life. The book is available in Amazon, Flipkart and Onlinegatha)

MIRAGE

(Published in February 2020. The book is a collection of eight short stories. It is available in Amazon, Flipkart and Notion Press)

(ALL THE ABOVE TITLES ARE AVAILABLE FOR SALE IN AMAZON, FLIPKART AND OTHER ONLINE STORES OR YOU COULD EVEN WRITE TO US FOR A COPY)

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INTERESTING FACTS FIGURES & QUOTES-30

Copyright@shravancharitymission

By 2020, half of India’s internet users will be rural. Nine out of ten internet users are non-English speaking.

A study published in the University of Cincinnati Law Review suggests that CEOs are at twice the risk of developing depression as compared to the general population. Another comprehensive review of literature published in the Journal of Affective Disorders elucidates that people living in developed and wealthy countries have a greater risk of suffering from mood disorders than those living in developing nations.

Annually, on an average, 1.5 lakh people are killed and close to 10 lakh are injured in road crashes across India. As per ministry of road transport data, over 14% fatalities were due to overloading of vehicles. In 2017, 20,848 people were killed due to overloading of vehicles—an average of 57 deaths per day.

The fine currently for overloading trucks—a rampant practice is only Rs 2000. Motor Vehicle Amendment Board proposes to increase it to 20,000 to halt the practice.

Currently India has no central legislation governing the protection of pedestrians. The penalties for irresponsible road behaviour that lead to serious injuries or fatalities have remained minimal for the last three decades and have consequently failed to deter violators.

A recent study by SaveLIFE Foundation shows that 63.3% of the children who admitted to underage driving shared that they started learning how to drive between the ages of 9 to 14.

The proverb warns, ‘You should not bite the hand that feeds you.’ But maybe you should, if it prevents you from feeding yourself—THOMAS SZASZ.

Congress has not won an election in Gujarat, whether Lok Sabha or Vidhan Sabha in 32 years.

 Achilles heel—An Achilles’ heel or Achilles heel is a weakness in spite of overall strength, which can lead to downfall. While the mythological origin refers to a physical vulnerability, idiomatic references to other attributes or qualities that can lead to downfall are common.

Whenever opportunities narrow down you start seeing protests.

Statues and pictures and verse may be grand, but they are not the life for which they stand—JAMES THOMSON, British poet.

Raise your words, not voice. It is rain that grows flowers, not the thunder—Jalaluddin Rumi.

Poor fund allocation in R&D (less than 1% of india’s budget, as compared to 3-5% by countries like the US and China) inhibits innovation and hence prospects of jobs growth. A programme like ‘Small Business innovation and research’ (which provides enterprises with competitive R&D grants) proposed in a Niti Aayog Expert committee can be a game changer.

We can easily forgive a child who is afraid of the dark; the real tragedy of life is when men are afraid of the light—PLATO.

Iceland is the only country that jailed its bankers in the 2008 recession (because Iceland has community norms) but US bailed out its bankers.

The general elections held in 1952, 1957, 1962, and 1967, were simultaneous polls held throughout the country. But this cycle was disrupted in 1969, with the premature dissolution of Loksabha.

Yiwu market is located in Zhejiang district of China. It is the world’s largest wholesale market where over 100000 suppliers exhibit over 400000 genre of products. Yiwu has tied up with leading logistics firms, for shop to door deliveries.

America is practically owned by china—TOMWINNIFIRT, UK journalist.

Germany today has absorbed over a million refugees and settled them across the country—Syrians.

In 2016, tourism and travel contributed 10% of India’s GDP. The largest part of this was domestic tourism, amounting to about 88%. India is the seventh-largest tourist economy globally. Given its riches, natural and manmade. It should be much higher.

The recent series on the Vietnam war produced by Ken Burns and Lynn Novick and written by Geoff Ward (a long time India friend and wildlife lover) makes just this point. After Vietnam, America may still be looking for a war to win.

Indian soldiers walked up the Icchogil canal and to the gates of Lahore in 1965, but came back, soon after, for territory was not on their minds. To this day people in India rue this decision. We all know which party was in power then.

Mahatma Gandhi once said that the future depends on what you do today.

One clear indicator of strain is annual per capita water availability. This was 5177 cubic metres in 1951 which declined to 1545 cubic metres in 2011, against the international threshold for water stress, pegged at 1700 cubic metres. However. National Institute of Hydrology pegs India’s utilisable per capita water availability at just 938 cubic metres in 2010 and expects this to drop to 814 cubic metres by 2025.

At one time a quarter of all American college men were buying or subscribing  to playboy magazine. ‘a woman reading a playboy feels a little like a Jew reading a Nazi manual’—Gloria Steinem.

By Kamlesh Tripathi

*

https://kamleshsujata.wordpress.com

*

Share it if you like it

*

Shravan Charity Mission is an NGO that works for poor children suffering from life threatening diseases especially cancer. Our posts are meant for our readers that includes both children and adults and it has a huge variety in terms of content. We also accept donations for our mission. Should you wish to donate for the cause. The bank details are given below:

NAME OF ACCOUNT: SHRAVAN CHARITY MISSION

Account no: 680510110004635 (BANK OF INDIA)

IFSC code: BKID0006805

*

Our publications

GLOOM BEHIND THE SMILE

(The book is about a young cancer patient. Now archived in 7 prestigious libraries of the US, including, Harvard University and Library of Congress. It can also be accessed in MIT through Worldcat.org. Besides, it is also available for reading in Libraries and archives of Canada and Cancer Aid and Research Foundation Mumbai)  

ONE TO TANGO … RIA’S ODYSSEY

(Is a book on ‘singlehood’ about a Delhi girl now archived in Connemara Library, Chennai and Delhi Public Library, GOI, Ministry of Culture, Delhi)

AADAB LUCKNOW … FOND MEMORIES

(Is a fiction written around the great city of Nawabs—Lucknow. It describes Lucknow in great detail and also talks about its Hindu-Muslim amity. That happens to be its undying characteristic. The book was launched in Lucknow International Literary Festival of 2014)

REFRACTIONS … FROM THE PRISM OF GOD

(Co-published by Cankids–Kidscan, a pan India NGO and Shravan Charity Mission, that works for Child cancer in India. The book is endorsed by Ms Preetha Reddy, MD Apollo Hospitals Group. It was launched in Lucknow International Literary Festival 2016)

TYPICAL TALE OF AN INDIAN SALESMAN

(Is a story of an Indian salesman who is, humbly qualified. Yet he fights his ways through unceasing uncertainties to reach the top. A good read not only for salesmen. The book was launched on 10th February, 2018 in Gorakhpur Lit-Fest. Now available in Amazon, Flipkart and Onlinegatha)

RHYTHM … in poems

(Published in January 2019. The book contains 50 poems. The poems describe our day to day life. The book is available in Amazon, Flipkart and Onlinegatha)

(ALL THE ABOVE TITLES ARE AVAILABLE FOR SALE IN AMAZON, FLIPKART AND OTHER ONLINE STORES OR YOU COULD EVEN WRITE TO US FOR A COPY)

*****

 

 

 

IT party is over. Now’s the time to reinvent or die

 Copyright@shravancharitymission

New Doc 62_1

India requires 12 million new jobs a year. But very few know where it’ll come from. This article “IT party is over. Now’s time to reinvent or die” by Ravi Venkatesan makes some valid points such as:

  • Automation can displace a third of all jobs within three years.
  • Infosys CEO aims at increasing revenue per employee by 50%
  • New technologies are destroying old jobs but creating many new ones
  • Whatever skills we have will largely be irrelevant in a decade and all qualifications have a shelf life
  • The future will not be kind to people who are not curious and no interest in reading and learning
  • Indian youth largely needs to move into an entrepreneurial drive when jobs are scarce

IT party is over. Now’s the time to reinvent or die

By invitation- Ravi Venkatesan

Former chairman- Microsoft India

TOI 31.5.15

India’s IT industry is unlikely to remain the amazing job engine that it has been. For the past two decades, the fastest way to increase your income has been to land a job with an IT company. The industry has provided a ticket to prosperity for millions of young Indians; children of security guards, drivers, peons and cooks catapulted themselves and their families firmly into the middle class in a single generation by landing a job in a BPO. Hundreds of engineering colleges mushroomed overnight churning out over a million graduates a year to feed the insatiable demand of India’s IT factories.

This party is coming to an end. A combination of slowing demand, rising competition and technological change means that companies will hire far fewer people. And this is not a temporary blip—this is the new normal. Wipro’s CEO has bravely admitted that automation can displace a third of all jobs within three years while Infosys CEO Sikka aims to increase revenue per employee by 50%. Even Nasscom, the chronically optimistic industry association, admits that companies will hire far fewer people. Not only will the lines of new graduates waiting for job offers grow rapidly longer every year, but so too will the lines of the newly unemployed as all companies focus more on utilization, employee productivity and performance. Employees doing tasks that can be automated, the armies of middle managers who supervise them and all those with mediocre performance reviews and without hot skills are living on borrowed time.

So what do you do if you are a member of these endangered species? What constitutes good career advice in these times? I’d say that the first thing is to embrace reality and recognize that the same has changed for good. The worst thing to do is be wishful and wait for the good times to return. They won’t. But there are still lots of opportunities. What’s happening in the industry is ‘creative destruction.’ New technologies are destroying old jobs but creating many new ones. There is an insatiable demand for developers of mobile and web applications. For data engineers and scientists. For cyber security expertise. So for anyone who is quick learner, anyone with real expertise, there will be abundant opportunities.

There has also never been a better time for anyone with an iota of entrepreneurial instinct. India is still a supply constrained economy and so there is room to start every kind of business: beauty parlour, bakery, catering, car-washing, mobile/ electronics repair, laundry, housekeeping, tailoring. For entrepreneurs with a social conscience, there is a massive need for social enterprises that deliver affordable healthcare, education and financial services. Not only are there abundant opportunities but startups are “in” and there is no shame at all in failure. The ranks of angel investors are swelling and it has never been so easy to get funded. There is even a website, www.deasra.in that provides step-by-step instructions to would-be entrepreneurs.

For those who prefer a good old fashioned job, there are abundant jobs in old economy companies which are struggling to find every kind of talent—accountants, manufacturing and service engineers, sales reps. Technology is enabling the emergence of a new sharing ‘sharing services’ such as Uber or Ola that enable lucrative self-employment; it is not uncommon to find cab drivers who make Rs 30,000-40,000 a month.

My main point should be clear. While India may have a big challenge overall in creating enough jobs for its youthful population, at the individual level there is no shortage of opportunities. The most important thing is a positive attitude. The IT boom was a tide that lifted all boats—even the most mediocre ones. However, this has bred an entitlement mentality and a lot of mediocrity. To prosper in the new world, two things will really matter. The first is the right attitude. This means a hunger to succeed. Being proactive in seeking opportunities, not waiting either till you are fired or for something to drop into your lap. A willingness to take risk and the tenacity to work hard and make something a success. Humility. Frugality. The second is the ability to try and learn new things. The rate of change in our world is astonishing; whatever skills we have will largely be irrelevant in a decade. People are also living much longer. So the ability to learn new things, develop new competencies and periodically reinvent ourselves is a crucial one. Sadly, too many of us have no curiosity and no interest and no interest in reading and learning. The future will not be kind to such people.

“The snake which cannot cast its skin has to die.” –Friedrich Nietzsche.