As Indian entrepreneurs dig in their heels and look to script success stories of their own, the industry often wonders what it can do right to emulate the Silicon Valley model.
Startups in the Silicon Valley carry an edge over their counterparts in other parts of the world. With some of the world's biggest corporate powerhouses having their homes in the Silicon Valley, industry analysts, to say the least, are bewildered. Be it Google, Twitter, Facebook, Adobe or Apple, the business origins of an entire range of giants lie in the Silicon Valley, where these game-changing corporations started their journey as nothing more than powerful business ideas.
Some analysts claim that the presence of a large and readily available pool of talent makes Silicon Valley a ripe ground for business, while a few others believe that it is the innovation-friendly eco system that functions to boost the success rates of startups in the area. However, a number of human resource experts also believe that it is the distinct culture of cultivated employee engagement that holds the key to the success stories of a range of corporate houses that started up in Silicon Valley.
Back home in India, startups have become a buzzword since the recent past, with a post reform economy unleashing a new entrepreneurial energy. As Indian entrepreneurs dig in their heels and look to script success stories of their own, the industry often wonders what it can do right to emulate the Silicon Valley model. To begin with, it can work to adopt the good from the Silicon Valley work culture that respects and values talent, and, provides the right eco-system for human resource to thrive.
Encourage risk taking; value the non-conformists
Bu hikaye Human Capital dergisinin March 2017 sayısından alınmıştır.
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Bu hikaye Human Capital dergisinin March 2017 sayısından alınmıştır.
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Continuous Learning For Growth
Of late, for organizations particularly in the service sector, people have become the strategy. And, if that is the case, the Learning and Development (L&D) department in organizations, and the industry in general, is likely to witness significant growth in 2017 and the years thereafter.
Creating Open Spaces And Minds
As the boundaries of life between work and home continue to blur, employers and employees are sitting up and are noticing the ways and means to offer and avail a worthwhile experience at the workplace.
Striking The Right Balance
In 2017, an employee in the HR Department of a leading global company received an excel sheet attachment in his official mail. While the content seemed harmless, it was in fact a well disguised Ransomware attack which had in fact placed several companies worldwide in the dock. Ransomware attacks targeting HR departments across the globe have since been in vogue since they possess valuable employee data which can be used to commit crimes such as tax frauds and the like.
The Multifaceted Advantages Of AI
AI can speed and automate data collection, make fundamental observations, systemize HR issues, and differentiate customer and employee profiles. But, corrective measures and final decisions can only be approved by people who can understand how to leverage AI tools to acquire accurate information sans the noise and interpret them the right way.
Engagement Surveys: A Means Or An End?
Surveys are not merely a way to check the pulse of the organisation; they should ideally be used as vehicles to improve the organisation culture, people practices and employee experiences which gradually translate into business success.
What Is And What Needs!
The idea of the best fit works only in a perfect universe. In reality, what talent specialists and hiring managers should focus on is getting the close fitment. They should work with an approach that bridges the gap between what is (available) and what needs to be (done).
A Matter Of Strategic Timing!
The term 'work-life balance' has become a popular chant for all working professionals today. A world of different opinions continue to pervade our lives, with one actually affirming that there truly is no direct relationship between the parallel worlds we live in.
Picture Out Of The Frame
A few months ago, Moon Jae-in, the President of South Korea, made an unusual announcement.
Analysis
It is paramount for a pharmaceutical company to meet the business requirement of regulatory compliance.
How Can They Fire Her?
It is a common phenomenon in the corporate landscape to misinterpret the inability to respond to a query by a Manager as a serious lapse which at times leads to termination of his/her services. As a fallout, not only do they risk losing out a person with superior managerial skills, they also dampen the spirit of the juniors in her department, leading to sinking morale and reduced engagement.
