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COVER STORY
Employee Retention : An Art of Keeping the People Who Keep You in Business
-- Priyanka Rawal
Acquiring skilled workforce is just not enough in today's changing economy; instead a lot
needs to be done to retain them. Losing knowledgeable and trained staff can cause serious damage
to the company's progress and performance in the market. Since employees are a great asset
to the company, their hard work and dedication towards work should be
acknowledged, reinforcing their sense of belongingness. This article talks about the concept of
employee retention and its relevance for making an organization excel in all dimensions.
© 2011 IUP. All Rights Reserved.
LEADERSHIP
Leadership for Excellence in Learning Organization
-- Dr. Sandhya Mehta
Learning organization is an organization where people continually expand their
creative horizons and where new and holistic learning patterns of thinking are nurtured. The
leader needs to adopt `Three `C' approach' in order to build a learning organization. This would
involve `commitment' to steward the organization towards evolutionary change; `culture building'
by nurturing a culture of learning orientation, creativity and innovativeness, and
building `collaborative spirit' between all the members of the organization by fostering a climate of
trust, openness and adaptability.
© 2011 IUP. All Rights Reserved.
SKILLS OF A MANAGER
Diverse Skills of a Manager
-- Dr. VRK Prasad
There is an abundance of literature and any number of executive and managerial
training programs available for a manager to hone his general managerial skills. Changing
business scenario has become very demanding in the sense that a manager now needs to possess
few more basic skills in areas like marketing, HR and finance in addition to the conventional ones,
to make a difference to the business and the concept is gaining acceptance.
© 2011 VRK Prasad. All Rights Reserved.
PROMOTION INNOVATION
Promoting Innovation : The Role of HR
-- Minakshi Chauhan
Asopa
In the present era, promoting innovation in the organization has become a necessity. In order
to be successful, organizations have to focus on advanced management concepts like
`Promoting Innovation'. They need to formulate HR strategies that foster team culture, innovative
culture, diversity management and upgrade the skills of employees. HR persons have to play a key
role in promoting organization-wide innovation and formulate strategies which enhance
innovative skills and promote innovation in the organization.
© 2011 IUP. All Rights Reserved.
COMPETENCY MAPPING
Competency Mapping : The Audit Perspective
-- Smruti Patre
This article explains the significance of competency mapping and how it is linked
to performance. It attempts to study the audit perspective of competency mapping by
identifying the major areas of competency mapping to be monitored, evaluated and audited. The
identified areas are clarity of objectives, structure, understanding by users, execution
and implementation, and its overall impact. This helps in successful functioning of the
competency mapping process in an organization thus contributing to enhanced performance
which ultimately aligns with achieving the objectives of the organization by delivering the
desired results.
© 2011 IUP. All Rights Reserved.
EXIT INTERVIEW
Exit Interview : A Tool to Reduce Employee Turnover
-- Arijit Bose
The article shows how exit interview is gaining importance in different companies as a
powerful tool to reduce employee turnover. It throws light on the fact that exit interview should not be
a paper activity rather it should be more structured and realistic. Companies should increase
the level of participation among the employees in the exit interview so as to rectify their
company-related defects.
© 2011 IUP. All Rights Reserved.
CASE STUDY
Chinese Workers Strike at Honda: A New Beginning?
-- Debapratim Purkayastha, Amrit Chaudhari
This case study is about the worker unrest at Honda Auto Parts Manufacturing Co.,
Ltd. Foshan, and the implications of labor unrest such as this for the Chinese economy. It
brings out the approach of the workers when faced by a hostile management and a
dysfunctional labor union. It shows how workers can use technology as a medium to organize
themselves. The strike at Honda Auto Parts Manufacturing Co. Ltd. (Honda) drew global attention.
There were increasing wage demands from workers that threatened China's competitiveness.
The strike brings out the difficulties faced by China as it moves forward in its process of
growth. Some experts felt that the country could make the shift from merely exploiting labor
in export-oriented industries to a greater reliance on home markets that could be achieved by
a higher pay. The strike had serious implications for the global supply chain. Experts had
mixed views regarding these unprecedented developments. It was reported that Shenzhen
had drafted labor legislation which might set the pace for reforms in the country. However,
the role of the state-owned labor union ACFTU and the way the changes would actually
be implemented over time will determine the shape of the new China that is taking shape.
© 2011 IBS Center for Management Research. All Rights Reserved.
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