Every company craves for good hiring ratios. Needless to say, efficient employment selection alone can predict job success. But the fact of the matter is that good hiring does not happen by accident. In fact, it is estimated that two-thirds of employee hiring decisions may be hiring mistakes. When the going was good and nobody bothered about cash it was “OK” if one or two of those hired were not up to the... Read more

There will be hiring and there will be attrition, through the numbers may be small even if the economy has slowed down. Hiring will not come to a halt and there will be attrition. When uncertainty prevails, there will be employees who will want to move out to safer places or jobs that will be guaranteed for a longer time. This is the time rival companies come poaching to grab the best available... Read more

Difficult times often prevail. Times get hard just as they were once good. This is especially true for markets and business, as they are subject to ‘cycles’. What goes up, comes down, and then goes up again. As much as we know this pattern we still worry and fret in times of difficulty. Panic and worry is an instant reaction. Panic leads to chaos and chaos is worse than loss.... Read more

There is no denying the fact that we are all recognition hungry. We crave for appreciation and want the world to recognize our talents. Recognition motivates us to do still better and thus helps us to progress in our career. But it so happens that many times our best efforts go almost unnoticed. Why does fame embrace only a select few while many other talented people remain in obscurity? This is because talent alone... Read more

When you are on your first job, the initial days are spent getting to know about the company, its culture, its people and naturally your co-workers. You would also be eagerly looking out for any feedback on your work, but it is the usual practice to give a new employee a formal performance feedback after the mandatory probation period. However, if you are looking for immediate feedback and really want to do... Read more

Based in discussions with consultants, academics, and business leaders, the consulting firm of McKinsey & Co has proposed the Seven-S Model for successful strategy implementation. McKinsey’s consultants found that neglecting any one of seven key factors could make the effort to change a slow, painful and even doomed process. Each of these factors is equally important and interacts with all other factors. Any number of circumstances may dictate which of the... Read more

In his ground-breaking study of the history of large corporations, Chandler examined the growth and development of 70 of the largest businesses in the United States, including Du Pont, General Motors, Standard Oil, and Sears, Roebuck. He observed a common pattern in their development. Although the organizations changed their growth strategies to suit technological, economic, and demographic changes, new strategies created administrative problems and economic inefficiencies. Structural changes were needed to solve those problems... Read more

Clients are the crux of any business as no clients means no money. Broadly, clients can be divided into two categories: the ‘not-so-good’ and the ‘good’. It’s quite likely that one assumes this division to be based on the demands the client makes. However, there is more to this. The not-so-good clients can be outlined by poor business, which in turn has an impact on the business of your company. On the other... Read more

The rational model conjures up an image of the decision maker as a super calculating machine. But we know that managers must make decision within tight time constraints and with less information than they would like to have. Three concepts have emerged over the years to help managers put their decision making in perspective: bounded rationality and satisfying, heuristics and biases. These concepts are neither good nor bad per se. Rather they help... Read more

The worst mistake any organization can make in terms of recruiting is to get ‘bad hires’ on board. A ‘bad hire’ is a new recruit who either does not have the required skill set or someone who does not have the right attitude and aptitude, required for the job. A bad hire is a person whose skill set, as a professional does not match up to the demands/requirements of his/her job. A person... Read more