...STRATEGIC HUMAN RESOURCE MANAGEMENT Summary of A Case Study on ‘Job Creation’ in India Submitted to: Dr. Debashish Sengupta By- Avinash Kumar Nirala 12010121071 OLS MBA JULY 2012-14 Case Study: God of jobs not smiling on India Context With 1.2 billion people and the world’s 4th largest economy, India’s recent growth and development has been one of the significant achievements of our times. India has the largest and youngest workforce in the world. At the same time, the country is in the midst of massive wave of urbanization as some 10 million people move to towns and cities each year in search of jobs and opportunity. For the last two decades, India has had one of the world's fastest-growing economies. Even in recent years, when the global recession and complacent policymaking have slowed progress, growth has remained a healthy 5 percent to 6 percent. However, India's economy in 2013 is slowing down consistently according to the latest government figures. For the April-to-June quarter, it grew at a rate of 4.4%, compared with the same period in the previous year. On August 28, 2013 rupee hit an all-time low of 68.80 against US dollar. According to the official estimates, Indian economy was expected to grow at 7.6% in the fiscal year 2012–2013. However, leading financial organizations and economic think-tanks expect Indian economy to grow slower than official projections. In the end, India ended up growing 5% during the 2012-2013 fiscal years. Presently, country’s...
Words: 1116 - Pages: 5
...Pay enough, don’t pay too much or don’t pay at all? An empirical study of the non-monotonic impact of incentives on job satisfaction Pouliakas, K1 Centre for European Labour Market Research (CELMR), University of Aberdeen Business School, Scotland Keywords: Incentives, intensity, job satisfaction, non-monotonic JEL- Code: C23, J28, J33. Abstract This paper attempts to test the non-monotonic effect of monetary incentives on job satisfaction. Specifically, 8 waves (1998-2005) of the British Household Panel Survey (BHPS) are used to investigate the ceteris paribus association between the intensity of bonus/profit-sharing payments and the utility derived from work. After controlling for individual heterogeneity biases, it is shown that relatively ‘small’ bonuses exert a significant negative effect on worker satisfaction. In contrast, job utility is found to rise only in response to ‘large’ bonus payments, primarily in skilled, non-unionized private sector jobs. The empirical evidence of the paper is therefore consistent with a ‘V-effect’ of incentives, suggesting that employers wishing to motivate their staff should indeed “pay enough or don’t pay at all”. 1 Research Fellow, Address: CELMR, University of Aberdeen Business School, Edward Wright Building, Dunbar Street, Old Aberdeen AB24 3QY, UK; Tel: ++44 01224 272172; e-mail: k.pouliakas@abdn.ac.uk. 1. Introduction The principal-agent model, with its convincing illustration of the trade-off that arises between risk...
Words: 9443 - Pages: 38
...1 Free Classified Ads India - Post Free ClassifiedsAd Online in ... post free classified ads online - khojle.in, a free online classifieds to post free ads online in india. Now post yourfree classified ads online to buy or ... www.khojle.in/ - Cached - Similar 2 Click India Classifieds,Free Classified Ads,Buy Sell Classified ... Click India Classifieds - A Site To Post Free Buy Sell IndianClassified Ads Online. Search Classified Ads For Jobs, Find Real Estate Properties On Sale, ... www.clickindia.com/ - Cached - Similar 3 Worldstuffer | Free Local Classifieds and Social Networking Site ... Buy, Sell, Meet with our Free Local Classifieds. Participate in forums and discussions. Meet your Love, Friend or Partner. Join Us now, and your Life will ... www.worldstuffer.com/ - Cached - Similar 4 Zuxxx.com - free advertising total - free classifieds- free ... Free classifieds, ads, advertising, press releases, website promotion, business listings - Zuxxx is fast, easy and for free - post your ads without ... www.zuxxx.com/ - Cached - Similar 5 Free Classified Ads India - Click to Post Free Classifieds Ad in ... post free classified ads in india on a click - now post local ads at free classifieds website on a click in india and deal directly - its a free classified ... www.angclassifieds.com/ - Cached - Similar 6 Free Ads - Free Classifieds Ad,Post Free Classifieds Ads,Used Cars ... Free Ads - Post Free Classifieds Local...
Words: 37676 - Pages: 151
...Outsourcing is affecting the U.S. economy greatly. Outsourcing is taking away jobs from the American people causing a rise in the unemployment rates. Not only is outsourcing taking away jobs, but it is making it harder to find new jobs. Outsourcing is where an American company will send certain jobs or duties to be done in another country. Outsourcing is also the transfer of the management, and also the day by day execution of an entire business function to an external service provider. It is a company’s practice of paying an employee in a small developing country to perform a function or produce a product that could be made by the paying company. Business jobs that are typically outsourced include information technology, human resources, facilities and real estate management, accounting, Customer support and call center functions, like telemarketing, customer services, market research, manufacturing and engineering. Outsourcing has become one of the fastest growing trends in the business world. There are many reasons that a company would elect to use outsourcing. Among them is the fact that it provides an almost immediate opportunity for savings as well as a noted improvement in quality. The main reason why American companies are doing this is to save money. It’s cheaper to have someone form a developing country do the job because a dollar goes a lot further than in the states. One management problem that is causing outsourcing is that companies are looking for ways to cut...
Words: 1943 - Pages: 8
...specifically in China and India. The book digs deep into the history of China and India to unravel the phenomal growth which has been taking place within the last decade. In fact these two countries were once extremely sheltered and self-imposed however understood and realized the opportunity for major growth would take its country to new heights. The Chinese were essentially influenced and inspired by Singapore to accept capitalism. Although communist, their leaders prized political stability, and they were willing to reverse the very essence of their party doctrine to accept and achieve capitalism. The communist party made it clear however, that they would allow economic freedom but not political freedom. They took very great measures to stay in control, some may even say too harsh. Furthermore, China was after more than just jobs, they were after modernization itself. The Chinese government made it very attractive for Americans and other firms to build factories, hire Chinese workers, and bring in the modern world’s expertise into China. However with all the talk about modernization, China’s government still placed the perceived needs of the state well ahead of individual liberties. In contract, following its independence from Britain, India had spent decades in economic exile. It took them much longer to modernize and accept some forms of capitalism. In fact, India eventually turned to China for inspiration, which once looked to Singapore. Today, India is well developing...
Words: 1730 - Pages: 7
...Human Resource Management: A Research Case about Microsoft in India Over the past several years, the environment for competitive business opportunities in India has grown drastically, especially within the major technological, pharmaceuticals, and biotechnology industries. As a newly appointed manager for Microsoft Corporation, within the Global Human Resource Management (HRM) division, it is my responsibility to ensure that these opportunities for business growth and expansion for Microsoft in India are approached in the most effective manner. I have prepared a comprehensive discussion on my agenda to carry out this responsibility. First, I discuss the current and projected future business environment within India, including cultural and societal trends and best practices for HRM. Second, I discuss how Microsoft can strategically and effectively take advantage of business opportunity and growth within India, from a global HRM perspective. Third, I discuss my specific strategies related to HRM as a newly appointed manager for Microsoft. And finally, I provide a summary of my discussion. It is estimated that India will have a population of 1.45 billion people by 2030, made up of a labor force of approximately 986 million people (Chatterjee). This rapidly growing labor force is comprised of primarily young people, as over 1.1 billion people in India’s population are below the age of 25. Furthermore, by 2050 India is projected to have 500 million more workers than the United...
Words: 2356 - Pages: 10
...India and the United States India and the United States SOC 325 DR. Elaine, Bontempi November 15, 2008 India and the United States Abstract India will become the most populous nation by 2030. Thanks to the fast growing software and IT revolution, India is changing its role around the world as formable economic competitor. Despite these achievements, it should be noted that employment growth in the Indian services sector has been quite modest, underscoring the importance of achieving rapid industrial and agricultural growth. Poverty and the threat of HIV/AIDS are threatening India at a very alarming rate. In contrast, the United States houses about 4.6 percent of the world’s population, which was estimated to be nearly 6...
Words: 2301 - Pages: 10
...services with the same inputs of labor, capital, energy and materials (1). Pretty much everything you can imagine contributes to a countries economy and ultimately economic growth; from raw materials to availability of energy, from geography to political governance. The strength of a countries economy tends to speak to its place in the general importance of the world. Being economically weak a country tends to be poor and normally overlooked, while economically strong countries are able to effect other countries financially and thus tend to have much more sway in world dealings. I will discuss the two countries of China and India and look at their current economic situation and keys to their future growth. India and China India and China have much in common and also many differences that make their economies and economic growth very different. India and China are neighbors in south East Asia, sharing about 2100 miles of boarder between each other that runs along the Himalayas. Both countries are ancient in origin and birth places of civilization outside of the Middle East. They both have very large work forces available and 100 years ago both countries were considered to be fairly useless in the global economy except for tea production and some raw materials like silk or dyes. Both countries were at least partially colonized by the English. Both countries are potentially strong economies, although China has more realization of this possibility...
Words: 2727 - Pages: 11
...India The Republic of India is a country located in South Asia and the capital is New Delhi. It is the seventh largest country in the world, slightly more than one third the size of the United States. It is also the second most populated country with over 1.22 billion people. India’s economy is continuing to grow and based on the purchasing power parity, it is the third largest in the world at 4.76 trillion dollars. India is also the second largest in the world when it comes to workforce. India’s three major economic sectors are: agriculture, industry, and services. The original official currency of India is the Indian rupee. The Indian rupee has been falling against the US dollar, as shown in the graph below. The exchange rate between the Indian rupee and the US dollar over the past five years are: 43.319 in 2008, 48.405 in 2009, 45.726 in 2010, 46.671 in 2011, and 53.437 in 2012. (CIA) This means that one US dollar is equivalent to 53.437 rupees, in the year of 2012. This also means that the value of rupee is depreciating. A weaker rupee has its pros and cons. A weaker currency will make imports more expensive, the price of oil and other materials to import from foreign countries will go up. Since one of the big imports of India is crude oil, it only makes the economy worse. Higher oil price means higher transportation price, so therefore producing products will be more expensive and that leads to higher inflation. Rupee depreciation has its bright side for companies that...
Words: 2839 - Pages: 12
...From the critical thinking section, I could use the principle of precision. Precision requires that I evaluate the problems more exactly. Based on more details and more specific information, I may know if the company move to India, how much more benefit it will earn ( The cost of operating will be decreased up to 1/3)compared with the lost (The money, the time... train new people in the position) so that I can make my recommendations better. From the business ethics section, I could use the principle of utilitarianism. It helps in costs and benefit anlysis. It considers between increase happiness of employer and decrease unhapiness of employees. The company will save money and make more benefit if the jobs are moved to India. However, it costs to emplyees in the U.S. They lost their jobs which impact to their lives, their family, their kids, and even though to the U.S’s economy. Therefore, using this principle helps my dicision more ethics to people. From the team building section, I would maintain constructive relationship with my work mates. Team building has ability to work effectively. As part of the team, I will use repeatedly in my career. When I work with my co-workers from other departments: Accounting, Human resources, Production and Marketing, we will learn more cohesion, coordination, and communication to build a suscessful team. Members communicate frequently and openly more often with one other so that the issues will get more wide and understand...
Words: 607 - Pages: 3
...As the population ages and medical science advances, the require for medical experts has grown much increased than ever before. The accelerating complexity of educational requirements and the top requirement for medical professionals, especially pharmacists has created a enormous give deficit. There are also lots of vacant posts for pharmacists in India nonetheless the complicated educational requirements experience made it hard to fill during the positions. To get Pharmacy Jobs in India, a candidate must suffer a degree in Pharma D (Diploma in Pharmacy) or Pharma B (Bachelors in Pharmacy) certified by the Council of Pharmacy Education. Single can decide for MBA, Pharma M (Masters in Pharmacy) or even Ph.D and join the clinical study field. Numerous reputed colleges and universities in India offer courses in pharmacy to students with Physics, Chemistry and Math at plus-two level. Apart from the professional degree, pharmacists should have scientific amplitude, sensible communication skills and should be detail...
Words: 647 - Pages: 3
...Running head: PROBLEM SOLUTION: GLOBAL COMMUNICATIONS Problem Solution: Global Communications MMPBL/500 Queenetta J. Parris June 6, 2011 Maria Marin Problem Solution: Global Communications According to Miciak and Desmariais (2001), service quality is a major concern of all organizations and call centers play an important role in both consumer and business markets. Global Communications faced several challenges after deciding to move their technical call centers to India and Ireland. The communication channel between the Executive Team and the Workers Union is at an all-time low. Global Communications issues to increase profitability, dealings with layoffs, and reestablishing communications between the Workers Union are the challenges they must resolve. Considering important past events that led to the issues and opportunities identified for Global Communications, in this paper the subjects to examine is the perspective of stakeholders involved, a proposed problem solution, and an analysis of alternative solutions. Identification of risk, probabilities, severity, and mitigation techniques for each alternative solution, which identifies risks connected to a best practice used by other companies for benchmarking purposes. Finally, the optimal solution is examines how the recommended solution can help Global Communications achieve its end-state goals and vision. Situation Analysis Issue and Opportunity Identification Global Communications stockholders...
Words: 3529 - Pages: 15
...com Prior to joining the hands with`PARLE EXPORT’ in 1982 Mr. Lachhman Daas Ladhani had been `A' class civil construction contractor and has successfully executed various contracts of Roads, Bridges and Township etc. in West Bengal, Bihar and Uttar Pradesh. The best execution of civil work was in `RAM KI PAIRI’ on the Bank of `SARYU’ River in Ayodhya which was designed on the pattern of `HAR KI PAIRI’ Haridwar. And ITI Mankapur Township was also well appreciated. He also had been the largest manufacturer of Bricks for Entire Township of `Bharat Cocking Coal Limited'. In 1982 he was given a challenging and fully diversified job of manufacturing soft drinks viz: Thumsup, Limca, Gold Spot and Bislery Club Soda etc. as a franchisee of “PARLE EXPORT PRIVATE LIMITED”. He brought the production with a short span of time and achieved the highest growth in India in 1985. The franchisee co. is named as `Amrit Bottlers Private Limited’. Subsequently `PARLE’ brand was taken over by the `COCA COLA’ and Mr. Ladhani converted the mechanized plant into fully automatic and computerized plant and now is having a largest production capacity and highest sale in Eastern U.P. for the last several years. They have a `COLD STORAGE’ named as `Laxmi Cold Storage and Allied Industries’ adjacent to the `Amrit Bottlers Private Limited’, Faizabad now the same has become of the largest capacity to preserve to potatoes and fruits in Eastern U.P. The enterprising factor which can be termed as back bone of the...
Words: 1463 - Pages: 6
...different countries. Furthermore, I will discuss how different aspects of economic theory effect how Apple and RSCPCA operate in The United Kingdom and in India. Apple Inc. Apple is a global electronics manufacturer based in the USA and founded in 1971. Apple produces and sells luxury electronic products including consumer electronics, online services, computer software and personal computers. | United Kingdom | India | GDP | $2.902 trillion | $2.047 trillion | GDP per capita | $41,092 | $1,625 | Inflation | 1.2% | 9.3% | Unemployment rate | 6.0%, 1.96 million | | Population | 64.1 million | 1.25 billion | Exchange rate ( US$) | 1.57 | 0.016 | Interest rate | 0.5% | 7.75% | The economic cycle The output of an economy is the total value of the goods and services produced in that economy. The ripple effect The ripple effect, also known as the multiplier effect, is when an action in the economy causes a bigger overall effect in the economy. Population The population of a country is defined by how many people live in that country. UK: 64.1 million India: 1.25 billion India has a huge population which is much larger than the population of the UK. This means that Apple will have much more potential customers in India and therefore there will be a higher volume of demand in India for Apple products. Inflation Inflation is the sustained increase in the overall price level of an economy. Inflation is measured through the Consumer...
Words: 3168 - Pages: 13
...(2014). The Global Citizen Student Reader: Globalization. Retrieved from: www.unausa.org. The cases are as follows: 1) Mexican Government Advises Migrants (page 9) 2) Liberian Plantation Workers Allege Poor Conditions (page 10) 3) Charities Hijacked by Terrorism? (page 11) 4) Call Center Jobs, Once Offshored to India, Now Offshored from India (page 12) After you choose two, and carefully read through each one, the following questions must be answered for each case study: • How, in each case, did globalization change some people’s lives? How did...
Words: 624 - Pages: 3