….e-Handbook
Almost every business starts with a well-defined business plan and growth strategy, yet not all are able to achieve the expected success. Some of these are able to survive the competition and create a market presence while the remaining are either discontinued or fail. As per 2011-2012 statistics, 85 % of new businesses fail (close... Continue Reading →
Any potential business idea or strategy once introduced, gains massive attention, owing to its success and creates huge market competition. Outsourcing is one such trend, which revolutionize the world’s business practices. Though the practice dates back to 1970 and was initially practiced in manufacturing industry, it soon established itself across all industrial segments. It has... Continue Reading →
Post the global recession (2008), Lay-off or firing has become the worst nightmare of an employee. From organizational prospective, the term is Downsizing, a tool to rescue organizations from the adverse economic situations. Lay-off It refers to temporary suspension or permanent termination of an employee or a group of employees when certain positions are no-longer... Continue Reading →
Black Swan Theory – Being prepared for the unpredictable. Just because an event or thing has not been witnessed or discovered till date doesn’t prove its non-existence. Such a thing or event might exist and once spotted it’s called a Black Swan. Why Black Swan?... Black Swan was a term used to define a statement... Continue Reading →
Key Result Area(KRA) and Key Performance Area(KPA) , though the terms hold different meaning but are often used interchangeably and more or less assumed to have same applicability . The purpose of this post is to underline the basic differences between the concept of KRA and KPA. In relation to a job role, KRA defines... Continue Reading →
I was conducting an orientation session for a group of newly joined trainee engineers , guiding them about company’s performance assessment system when one of the trainee interrupted and asked - What is meant by “Key Performance Indicator”?. Since, KPI wasn’t part of my presentation and my listeners were technical guys with very basic understanding... Continue Reading →
Employee Turnover is the number of employees to be replaced by the organization in a given period of time. When an employee leaves or is asked to leave, organization has to hire a replacement as long as the position exists. The total number of employees leaving and being replaced is called Employee Turnover and is... Continue Reading →
iGate’s new ad campaign launched today promoting “Outcome based “outsourcing business model has pushed the IT companies relying on the conventional outsourcing methods to redesign their business strategies. What is this “Outcome based business model” ? While the traditional “time and material” business model provides client with support services including the hardware , software and... Continue Reading →
STANDARD OPERATING PROCEDURE (SOP) SOP is a document that contains the list of instructions to be followed for accomplishing any activity or process . From HR view, SOP provides an individual all the information he needs for performing any job / work or activity within an organization as it contains step by step details of... Continue Reading →
The introduction page in a company’s website ,especially the one working in IT domain, is flooded with technical terms like - Application development, product innovation, staff augmentation, RPO, BPO etc which define company’s area of performance and expertise but are confusing for a beginner to identify. This post briefly explains these terms … OUTSOURCING Outsourcing... Continue Reading →
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