HRD believes in encouraging individuals for generating initiatives and responses by creating a culture comprising of transparency, mutual trust and belief, coordination amongst each other etc. It believes that investment in employees is pivotal and would surely provide substantial benefits to the organisation in the future. HRD aims at complete development of human resources which would bring the development of employees, organisation and to the society. It is pertinent to mention here that while drawing Balance Sheets, Organisations show employees on the debit side whereas Human Resource Development treats employees as assets and considers them on credit side.
Under holistic approach, HRD helps the employees of an organisation to enrich and refine their job knowledge related to their present role, develop their capabilities as individual, be intuitive and unearth their own latent potential for their own development as well as for the organisation and ultimately develop a culture involving team work, coordination, belongingness and ownership which would lead to wellbeing, motivation and pride of the employees.
It has been very aptly said By Sir Richard Branson, Train people well enough so they can leave. Treat them well enough so they don't have to.
Thus, merely training the employees would ultimately enrich their knowledge and open avenues for other jobs but if the employees are treated well, they would realise their belongingness to the organisation and would excel further for realisation of its goals.
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Denne historien er fra March 2021-utgaven av BANKING FINANCE.
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'Deep Fake' - an emerging risk for Banking & Financial Sector
Deepfake KYC fraud is a growing concern in India, where fraudsters leverage AI-generated deepfake videos and images to bypass Know-Your-Customer (KYC) verification processes. This has significant implications for financial institutions, fintech companies, and other organizations that rely on KYC to verify the identity of their customers.
RBI CIRCULAR
Operational framework for reclassification of Foreign Portfolio Investment to Foreign Direct Investment (FDI) - November 11, 2024
India's Fiscal Discipline: A Path to Economic Stability and Growth
In a significant economic development, the fiscal deficit for the financial year 2023-2024 (FY24) has been recorded at 5.6% of GDP, falling below the government's revised estimate. This unexpected positive outcome highlights effective fiscal management and a recovering economy, offering a ray of optimism amidst global economic uncertainties.
Augmenting Productivity by Embracing Employee Engagement
As the world's largest coffeehouse chain, Starbucks is a brand that understands the value its employees add to the business. At Starbucks, every employee knows they are valued members of the team. It took Starbucks some time to do this. They have prioritized implementing employee-friendly rules from the beginning.
Ethics in Artificial Intelligence: Navigating the Future Responsibly
Ethics in AI encompasses a wide range of issues, including fairness, accountability, transparency, and the potential for bias. At the core of these discussions lies the question: How do we ensure that AI serves humanity rather than undermines it? As AI systems increasingly influence critical areas such as healthcare, finance, and law enforcement, the stakes are high.
Digital Banking: The Need of the Hour
Development of an economy, especially economic growth primarily depends on industrial development. The industries depend on financial institutions support for funds especially from banks. Banks encourage individuals save and mobilise funds from bank deposits.
Cyber Crimes in Banking: India's Battle Against the Digital Menace
The increasing adoption of digital banking services has transformed the way Indian consumers engage with banks. According to research from the Reserve Bank of India (RBI), the country's digital payment ecosystem expanded by approximately 55% between 2021 and 2023.
Legal News
The Supreme Court (SC) ruled that clauses allowing public sector undertakings (PSUs) to unilaterally appoint arbitrators to resolve disputes with private contractors are invalid.
The Rise Of Green Marketing: Driving Sustainable Change
Green marketing refers to the practice of promoting products or services that are environmentally friendly or sustainable. It involves incorporating eco-friendly elements into various aspects of marketing strategies, including product development, packaging, advertising, and distribution.
ICICI Bank partners with PhonePe to offer instant credit on UPI
ICICI Bank announced that it has partnered with PhonePe to offer instant credit on UPI to its pre-approved customers on the app of the digital payments company.