January | 2016

HR Club
Newsletter

57% of organizations view employee

retention as problem and 22% of new hires leave
their jobs within 45 days of being hired.

NEWS FLASH
Intuit India rolls out extended
parental benefits to retain
talent
Under the new benefits rolled out at Intuit from
January 1, paid maternity leave has been
increased to 26 calendar weeks from 12. Paternity
leave, earlier given for five working days, will now
be given for 15 working days. Adoption leave will
also be provided for 26 calendar weeks from the
previous 12.

Applied analytics the new craze

in HR
With increased usage of cloud technologies and
improved standards of data exchange, data
analytics is helping more and more organisations
measure employee engagement, says Kiran
Kumar, founding member, PeopleStrong HR
Services. The use of predictive analytics was low in
Indian companies, they have started using applied
analytics to find out jobs that are demanding from
a business forecast perspective and how a
proactive talent pipeline can be built.

Companies expand HR teams

to get the best of the lot
A buoyant job market and an upswing in hiring
sentiments is leading to an unprecedented
churn in the recruitment industry. As
companies focus on hiring more people,
they're expanding their HR teams to help them
get the best of the lot and are poaching talent
from the recruiting, staffing and search space,
leaving recruitment and search firms worried.

Movers
&
Shakers

Abidali Neemuchwala
named Wipro CEO

Employee retention will be top

HR priority in 2016 - Survey
Retaining key talent, especially the millennials,
would mean they need to learn new things
faster as knowledge and skills can become
obsolete within months. What can improve the
millennials sense of loyalty to an organization is
securing their learning road map, custom-made
for their long-term aspirations and projects
outside their regular deliverables.

HR LEXICON

Snapdeal marketing head

Srinivas Murthy quits

Paytm brings ITC

executive Varun Khullar
on board

MBWA (Management by Walking Around)

Managers getting away from their desks and starting to talk to

individual employees.
The idea is that they should learn about problems and
concerns at first hand. At the same time they should teach
employees new methods to manage particular problems. The
communication goes both ways.

Yum India splits

operations, not to have a
CEO
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Ever-Changing Fashion in Recruitment Industry

A common characteristic that all forward-looking companies share
is that they have started investing heavily in talent who not only
help them adapt to the dynamic needs of the market but also
enable them to grow and service new
Another technique is
products. While this common
Gamification in which
characteristic brings in opportunities
organisations use game
for recruitment industry, it throws a
mechanics to ensure right
lot of challenges at this particular
sector of HR fraternity.
fit between the job and

the job candidate.

It wouldnt be an exaggeration to say

that that the recruitment world is changing DAILY! The nature of

demand is gradually shifting to outcome based expectation rather
than traditional measures. At the same time, temporary workforce
is being seriously looked at as one of the alternative options for
hiring. These developments are the source of inventions of
conspicuous hiring paradigms in the industry. Crowdsourcing is
one of these new techniques. Here the employer uses several

independent recruiters who work in

parallel to source resumes for a
particular job. Another technique is
Gamification in which organisations
use game mechanics to ensure right fit
between the job and the job candidate.
Insourcing,
social
recruiting,
referral hiring and RPO (Recruitment
Process Outsourcing) are a few other
RADHIKA BHAMA
PGDHRM16
that will rule the recruitment world in
coming time(or have already started ruling!).
Therefore, it should be apt to say that organisations which are
upto traditional models have the very threat of existence. Hence,
to be able to thrive and flourish, it becomes imperative for the
organisations to adapt to the new market conditions by adopting
and getting accustomed to the fashion of the recruitment
industry!

PEOPLE WHO MATTER

Dr. Aquil Busrai, CEO at Aquil Busrai Consulting
Over four decades is the time Dr. Aquil Busrai has spent in Human
Resources, working with blue chip companies like Unilever, Motorola, Shell
and IBM, and he's someone who can say been there done that to most HR situations. He is currently the
CEO of Aquil Busrai Consulting offering Executive Coaching and Leadership Development. He is the past
National President of National HRD Network and Fellow of All India Management Association.

Dr. Busrai describes himself

as a Life time learner and
experimenter.
Follow him @aquilbusrai

Dr. Busrai has also been a visiting faculty at IIM Ranchi in the past !
Dr. dsd

TRIVIA OF THE MONTH

From the icons on the left, identify the HR
related firm, Also state the connection between
the icons.
Send us your answers via email.
Surprise awaits the one who gets a hat-trick in the Trivia of
the Month!

HiRe, HR Club of IIM Ranchi

Email ID: hrclub@iimranchi.ac.in
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