The CSR activities that India needs the most are in the areas of education and health care.

Q- I have done BSc in botany. I love interacting with people and understanding their perspective. Is it a prerequisite to obtain a degree in HR to venture into the industry?

A. Traditionally, it was not a prerequisite but nowadays industry requirements have changed. An HR professional today develops an overall understanding of the industry and is prepared to take up any role. An MBA in HR or doing PGDM (HR) from any reputed institute will not only give you ample exposure to the industry but will also help in finding the appropriate platform to start your career. It is good that you are good with people but learning to manage them is something you need to do.

Q- What can be the best HR practices to achieve organisational goals every year?

A. The role of HR management is evolving with the emergence of new technologies and growth of the global marketplace. It is time for companies to recognise the value of talented and informed HR department.

One of the most important HR practices is delighting employees with the unexpected!

Benefits, compensation, and work-life balance are the most important factors in providing overall job satisfaction. These factors further ensure that employees who stay longer are more productive and earnest. Employee recognition is another important factor that helps a company achieve its desired goals, as it is the talent that ensures the overall growth of any business. Spot awards, annual achievement awards, outstanding performance award, best employee award, could be some of the other initiatives as part of best HR practices. Click here to read more interviews..

Read More IIPM Related Articles
Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri's Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
IIPM's Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri - A Man For The Society....
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM B-School Facebook Page
IIPM Global Exposure
IIPM Best B School India
IIPM B-School Detail
IIPM Links
IIPM : The B-School with a Human Face

The first obvious thing which surfaces when a company is in trouble is replacement of the CEO

The Yahoo! example fits perfectly in this regard as Bostock, along with three of the directors, is near the exit door after failing to lift the company even after replacing the CEO in a tumultuous time.

During a crisis situation, it is not enough to have just one backup plan. In the current economic scenario, it is necessary to plan for the worse.

Sometimes, board members are too confident and have a notion that there are many within the house capable enough to get in the shoes of the outgoing CEO. How many of the potential candidates can adapt to the role perfectly is something to figure out.

“Boards do get careless because they are under a lot of pressure to replace the person, or they might be looking for qualities like charisma that are irrelevant,” says Hambrick. At times, the consensus on a person’s name deemed fit for the role (due to a particular quality) can be a misfit, considering the need for altogether different skill sets.

Nowadays, researchers are advising board members to analyse on the basis of market trends their decision of substituting the top executive and to decide whether the new person is the right one for the job on similar lines. However, when a company fires its CEO who has started to become a liability considering overall conditions at hand, and brings in someone who they believe can turn things around, then performance might improve substantially. Read more...

Read More IIPM Related Articles
Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri's Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
IIPM's Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri - A Man For The Society....
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM B-School Facebook Page
IIPM Global Exposure
IIPM Best B School India
IIPM B-School Detail
IIPM Links
IIPM : The B-School with a Human Face