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Cover Story

After studying the employment records of eight sectors, the survey conducted by Ministry of Labour stated that the maximum increase in employment was observed in textile sector including apparel where jobs generated were 2.45 lakh.
GD Master

Foreign Universities Opening Campuses in India

Degree from a foreign university has always been a much aspired goal for Indians because it not only adds an extra feather to their academic credentials but also opens up global opportunities for them. Now, that Indian government has allowed foreign universities to open campuses in India, the dream seems to have become more achievable for most aspiring Indians. Just Careers finds more…
Campus Watch

LEARNING ENTREPRENEURSHIP @ DBS
Entrepreneurship is taken as solely the establishment of new businesses, but there is much more to it than knowing how to start up a new company. Entrepreneurship can be extended to already established businesses as well, that need assistance in keeping sales going, finding new markets, advertising and generally staying successful in today’s highly competitive markets.
Soft Skill

People Management

The success that comes to an organization is not just because of planning and utilization of material resources, but with “Human Resources”, as they are the most valuable assets for any organization.

With the great Industrial Revolution, jobs fragmented, work specialization increased, scientific management came up with time & motion studies, differential piece rate system-equal pay for equal work which led to the exploitation of workforce.

Labor movements started worldwide giving rise to the formation of Trade unions to protect the interest of workforce. Gradually the management also realized the importance of human resources and made them to participate in the decision
making by the management and collective bargaining also came up.

Now they work hand in hand as Copartners.

In a nutshell the success of any company depends on how well it manages its talent in the organization.

But what Human resources are?
Human Resources are the term which many organizations describe the combination of traditionally administrative personnel functions with performance management, Employee Relations and resource planning. The field draws upon concepts developed in Industrial/Organizational Psychology.

Thus, organizations have realized the importance of manpower and consider people are the most valuable asset for any organization to grow and succeed.

When we talk about human resource/people management certain aspects come in our mind.

1. Why?
2. What?
3. How?
4. When? and
5. Where?


Manage people?
FIRSTLY, the most important aspect in managing people is- WHY MANAGE MEN?
People management is required because they are the…….

1.HEART OF ANY ORGANIZATION:

If the heart in the human body stops pumping and circulating purified blood a man will dies. Similarly, if the people in the organization stop functioning organizations will not be able to survive.

2. UNIQUE:
Each individual is unique in himself. He has a specialized skill and knowledge in his domain which makes him indispensible.

3. MEMBER:
Each person is a member of the organization. He stands with the rest when ever any problem occurs. They share the profits and losses together, joys and hardships and still stand by each other.

4. ASSET:
People are the most expensive investment. Organizations hire them, train and develop their competencies, but, fail to maintain good Industrial Relations and lose them. Thus, organizations should value them from day one they become the part of it. Else they will again have to follow the whole chain of hiring, training, developing etc. and the circle continues.

5. NERVOUS SYSTEM:

People are the chain of communication from top to bottom. They are a link of communication from top to middle, top to bottom and middle and bottom. They work independently and interpedently. Without them it is just not possible for organizations to perform effectively.

6. RESULT ORIENTED:
People are the ones who lay down the goals for the year. They are performance oriented and contribute to the results for which the organization carves for.

7. EXPERTS:
They are the masters of their field and cannot be substituted. Thus, the management should value them and treat them with dignity.

8. SCARE:
Such a resource which is expert is rare to hunt and hire. Moreover, the environment is volatile and the organizations keep an eagle’s eye on trapping the right and scare resource.
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justcareers
Letter from the Editor
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The CAT results are out and along with it we have a fresh breed of future Corporate leaders waiting to be groomed and mentored by the Best B Schools in the country. The crème-della-crème of the lot which comprise of the top 2500 aspirants will be picked up by the IIMs after clearing the Group Discussion and Personal Interview round. For the rest of the lot, there are 150 top Business Schools waiting. IIMs are invariably the most desirable of the lot, but the world does not come to an end with the IIMs closing doors. Rather there is a whole new world of management world that opens up there after. The 150 B Schools include some of the premier management institutes who provide an equally good platform for the students in terms of curriculum, industry exposure and placements. One just needs to make the right choice. Our cover story focuses on the hits and misses of CAT 2010. We also look at how life changes after the CAT. Some aspirants ride high on the crest of success, while some, who are not so happy with their CAT scores, prepare to take the test next year. And some applicants, who do not have the luxury of time, make the best out of the opportunities available to them. However, one thing that is for sure is that one needs to make the right choice at the right time. The selection of right B School is of paramount importance for MBA aspirants at this juncture.
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