‘Chat bots’ or ‘Messenger-bots’ have been around for a surprisingly long time- the first one was coded way back in 1966- but it is only since last year that they burst on to the scene as the newest and the coolest rock-stars of the AI technology brigade. Simply put, a chatbot is a software program that provides an automated, interactive interface by simulating the way humans have conversations.
The annual BusinessToday-PeopleStrong survey discovers that employee focus is now shifting to softer, intangible elements.
At the Million Jobs Mission conclave organised by the global philanthropic network Social Venture Partners in New Delhi this January, former Planning Commission member Arun Maira emphasised an aspect that is all too often overlooked – the primacy of the human element in industry.
The Imperial Roman army, was almost 1.25 lakh strong. Recruiting 1.25 lakh employees even today is colossal, so one can only imagine the strategies Romans would have used to achieve this feat. It is said that Julius Caesar offered 300 sestertius to any soldier who would recruit another.
For an economy slated to grow at 7%, there is bound to be more job creation.
Harnessing the similarities without delving too much in the diversities, understanding employee preferences, and more.
The human mind is wired to notice ‘differences’. Be it the kind of food we eat, clothes we wear or services or products we use – the PODs (points of differences) play a major role in shaping these preferences.
The Indian Pharmaceutical industry is one of the world’s fastest growing sectors, ranking third in terms of volume and thirteenth in terms of value. The industry employs a workforce of nearly 30 million people and contributes 2% to India’s GDP and 12% to manufacturing sector GDP. In such a sector, where employees are the intangible assets, it is very important that this workforce is managed effectively to meet the dynamic business objectives of organizations and boost their productivity.
The prolonged funding winter bearing down on Indian startups could leave several companies with bare branches.
Hiring at startups this year has dropped by 10-50%, according to recruitment companies that hire for startups.
Recruitment companies Kelly Services India and PeopleStrong peg the drop in startup hiring in the past few months at a less severe 10%.
Campus hirings have cooled at India’s top business and engineering schools and some are yet to conclude the final placements which were to be completed by mid-January, officials at several placement cells said.
Demonetization that sapped demand and hit consumer-facing companies, and rising protectionism in the US and UK which threaten India’s technology companies are likely reasons for the development, these officials said.
Hiring experts say besides retail and FMCG, companies in most other sectors including retail, consumer goods, durables, logistics, pharmaceuticals, banking and auto are also returning to the job market.
India’s job market is showing signs of recovery from the lows hit in the aftermath of demonetisation, and recruitment firms expect up to 50% jump in hiring in the next quarter compared to November – December levels.
Exit management is one of the most sensitive processes that HR managers have to engage in and therefore require all involved, to proceed with care. Why? Because, unlike popular belief it is not the first impression, but the last impression that tends to stick.
Even if the employee has had a wonderful tenure at his company, it is quite possible that he may leave the firm on a less-happy note, if the exit process turns out to be time consuming and cumbersome.
On an average, employees spend 45 hours at work in a five-day working week. Or do they really? The CEO or COO would have really wished this to be true. Quite contrary to their expectations, however, employees end up spending a significantly lesser time at work and achieving their key role areas (KRAs).