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New tools in the works:
PSUs are offering big incentives to their people as the private
sector tries to poach good talent |
Is
it true that PSU employees would jump to the private sector at the
very first opportunity? It's an interesting time to ask, because
private enterprise is getting active and human resource-hungry in
sector after sector once dominated by the public sector. Oil, power,
telecom, steel... even ports, now. There must be an exodus on, right?
Guess what, you'd be surprised how PSUs are managing to retain talent.
The temptations are for real. An assistant
manager at sail, India's big state-owned steelmaker, took a sabbatical
to join a Chicago-based it firm in 2002. His pay? Seven times. By
the end of 2003, however, he was back to his old PSU employer. Why?
It's a better deal overall.
Power Passage
Don't look now, the PSUs
are changing. For one, they've realised how vulnerable they are
to private sector raids. Says headhunter Atul Vohra, Managing Partner,
Transearch India, "Private players
are receptive to hiring talent from PSUs because they're well trained
and have a wealth of knowledge." The PSUs are responding to
the threat, too. At ONGC, the country's largest oil producer, for
example, the focus is on asset management. This includes people.
"This has brought about multi-tasking, clarity of role responsibility
and accountability-which is now coupled with appropriate empowerment,"
explains A.K. Balyan, Director (HR), ONGC. There is greater flexibility
now across functions, he adds, and the officers have more say in
the decision-making process. The upshot: stronger job satisfaction.
Some of the credit, surely, must go to the
strong signal from the Ministry of Disinvestment: business units
are business units. Regardless of ownership, they have to get themselves
into shape for a competitive future-like any other private sector
organisation.
Indian Oil, according to P.K. Agarwal, Director
(hr), "...offers its senior people a high level of delegation
of powers for decision-making". Not just that, "variable
pay has also been introduced to encourage and recognise merit".
Job rotation is the other experiment that has proved invaluable.
"We expose high performers to development programs like 'Cutting
Edge', and 'Threshold'," says Agarwal, "as well as encourage
participation in national and global seminars and training programs."
With Indian Oil subsidiaries in Sri Lanka and Mauritius, overseas
assignments are up for the taking too.
Having realised their vulnerability to raids, PSUs are focussing
on people management |
Meanwhile, Indian Oil claims to be turning competitive
on salaries-which when added to the welter of other benefits, constitutes
a compelling proposition. Accommodation, medical facilities, superannuation
scheme and conveyance, put it all together in cost-to-the-system
terms, and "it will be among the best in the industry",
claims Agarwal.
According to S.A. Narayan, Director (HR), BPCL,
the public sector has always been strong on non-monetary incentives.
"We have a range of benefits not just at the top, but right
down to the workman level," he says, claiming a BPCL person
will always be a BPCL person. The healthcare package, for example,
"even extends post retirement".
Keeping 'Em In Place
Churn rates at PSUs are lower than you'd think.
At power major, NTPC, for example, it's claimed to be under a percentage
point-though K.K. Sinha, Director (HR), admits that the deregulation
of the 1990s had seen the figure hit 3 per cent per annum. The company's
retention programme is led by an elaborate social security cover-insurance,
post-retirement medical benefits, housing, children's education
and more. Operational empowerment is next.
Are PSUs moving fast enough? Not all of them,
by the look of things. Ronesh Puri, managing partner of search firm
Executive Access, still sees PSU talent as vulnerable to private
sector swoop-ins. In the next 12-14 months, he warns, "the
attrition levels in the PSUs will be three to four times higher".
It's a matter, mainly, of competition and its
intensity (or lack thereof). Take the aviation sector, for instance,
which has been through more than one exodus-to-the-private-sector-and
has now attained stability. Jitendra Bhargava, Director (hr), Air-India,
speaks of "an unwritten code of ethics" by which "one
cannot poach pilots unless there is a no-objection certificate from
the previous employer".
No Comfort Zone
It's good news that the tools of employee retention
at India's many PSUs-and there are many, having risen from just
five in the first Five Year Plan to some 234 by 2001-have started
getting aligned with the actual financial objectives of the organisations.
But still, the legacy isn't disappearing anytime
soon. India has some 2 million PSU employees, and huge sums have
been spent developing townships, not just housing enclaves, for
them. Care to hazard a guess on the expenditure incurred by the
PSUs in the year 2000 on township maintenance and social expenditure
alone? Rs 4,000 crore.
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Grab genius: Wardrobe consulting's the
latest hot job |
LATEST
Wardrobe Wiz
Corporate CEOs
are celebrities these days-their TV impression counts. Not just
what they speak. Even what they wear. That spells opportunity for
wardrobe consultants. "Good background in design, exposure, taste
and a sense of style, essentially, make for an able wardrobe consultant,"
says Bangalore-based Prasad Bidapa, the stylist advising Vijay Mallya
on balancing his corporate persona with his newfound zest for politics.
What sort of money can you make? Top consultants could expect as
much as 30 per cent of the wardrobe budget. But it's not easy money.
"You could either receive accolades, or all the flak," as designer
Raghvendra Rathore puts it, "The huge risk involved mandates one
to be vigilant and aware all the while."
-Supriya Shrinate
COUNSELLING
Help, Tarun!
I
am a Short Service Commissioned officer serving the Signals wing
of the Indian Army. My term ends five years from now in 2009. I
chose to join the Army despite being a qualified engineer with job
offers from several companies, including MNCs, because it has been
the tradition in my family to do so. But now, I'm worried about
my future once my term ends. Will there be enough career opportunities
for me in the corporate world? And is there a way by which I could
get absorbed in the Army itself? How secure is my future?
Adjusting to a shift from the defence services to a civilian career
has always been difficult. You need to make up your mind right now
whether you want to continue in the Army or start all over again
at the end of your service term. If you enjoy your tenure with the
Army, you should take up the matter with your seniors at the appropriate
moment. If you feel you could do better in the corporate world,
you would do well to prepare a list of the sectors where your engineering
degree could come in useful. You should go in for refresher courses
that will help you keep abreast of your specialised area so that
you remain employable.
I am a 30-year-old hardware engineer running
my own computer sales and service business in Delhi for the last
six years. However, unhealthy competition among the hardware dealers
has badly crippled my business. It has become difficult for me to
stay afloat. My finances don't permit me to invest in the trade
beyond a year or two without getting positive returns. Please advise.
If you want to stay in business, you should
consider diversifying into areas other than hardware. You could
try getting into computer or telecom parts, or for that matter,
venture into new areas altogether. If you do not want the risks
that come with running a business, you could take up a job with
a hardware firm since you are a qualified engineer. Remember, however,
that competition is something you have to face in all walks of life.
So quitting isn't such a good option. Consider the options I mentioned
earlier only if you feel that things are totally out of control
and that you would never be able to survive as an entrepreneur.
I work as a tea taster with a leading company
in the tea sector. I have recently developed an illness that has
left my taste buds insensitive. It has become difficult for me to
differentiate between different flavours. My employers have been
kind to me so far and have given me time to recuperate. But I fear
I've lost my tasting ability for good. What should I do?
There is no need for you to jump to the conclusion
that you have lost your ability to taste for good when you haven't
got an authoritative medical opinion that it is so. You could consult
a good doctor and get yourself treated. In any case, since your
company is being kind to you, ask them for a transfer to another
department if what you fear turns out to be true. With skills only
as a tea taster, moving to a different job in an unrelated company
would be difficult. Your present employer is your best bet for such
a change in assignment.
I am a 33-year-old middle-level executive
working with a tyre company and am in charge of regional sales.
Recently, the company signed a big contract with an MNC based abroad.
The contract requires us to be the sole manufacturer for the MNC.
The focus of my company, therefore, has undergone a drastic change.
It is not the rupee but the greenback that the promoter is interested
in now. He is also planning to do away with the domestic sales division
and focus only on servicing this foreign client. I have no experience
or expertise in manufacturing and, therefore, am sure to lose my
job. Am I a victim of outsourcing?
You are not a victim-just a person caught in
changing business circumstances. Thinking of oneself as a victim
is a bad way to escape the reality. The company obviously found
it more profitable to manufacture for the MNC than to sell in the
domestic market. Besides, people often lose jobs due to recession,
competition, unprofitable business and a host of other circumstances.
The point is to focus on what you need to do to face the challenge.
Since you have already anticipated the possibility of losing your
job, you can start looking for a sales job with a consumer durables
firm. Given your experience and selling skills, it should not be
difficult for you to find one.
Answers to your career concerns are contributed
by Tarun Sheth (Senior Consultant) and Shilpa Sheth (Managing
Partner, US practice) of HR firm, Shilputsi Consultants. Write to
Help,Tarun! c/o Business Today, Videocon Tower, Fifth Floor, E-1,
Jhandewalan Extn., New Delhi-110055.
Outsourced
Teaching
Teachers in India taking
class in the US? Sure.
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e-Tutoring: It's now the classroom's
turn to move homes |
Learning
is the most outsourcable," declares Senior Vice President Nicholas
George of Knowledge Solutions Business. His company outsources teaching
assignments to colleges and polytechnics in the US-and wonders why
not further ashore. After all, technology makes satellite-hooked
remote teaching more than just possible.
Of course, it all began with e-learning. And
the trend here, lately, has been the use of advanced technology
to simulate "real-life situation" classes, says George.
In other words, it's getting closer to the BPO model that has become
so popular. Except that it's properly qualified teachers in operation
here, not some late night accent manipulators. But surely, some
of the skills must overlap. And they do. "it skills with good
communication is required, and of course knowledge of the subject
is a prerequisite," says Vivek Agarwal, part of the core team
of Liqvid, an e-learnings outfit that's trying to scale itself to
global proportions. In all, the phenomenon is likely to be slower
in taking off than call centers, but it could prove a valuable source
of global jobs in times to come.
-Amanpreet Singh
Blade
Runners
Fancy working on
roller-blades? It cuts stress.
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Spin n' roll: A cool way to steer clear
of workplace fatigue |
Gontermann-peipers
is one strange place to work. Not because you'll never get friends
to pronounce it right. But because you had jolly well get used
to people gliding about the Nalagarh plant of this L.N. Mittal-owned
textile company on roller skates-weaving their way through the
spindles (of which there are a lakh in a single room).
The big idea? Enhanced productivity. Skates
have been in use ever since the plant started operating in 1997.
Explains Y.S. Guleria, Assistant GM, HRD, "Nearly 40 per
cent of our staff moves on skates, and the rollers just rid the
fatigue factor in this huge room where one worker is put through
multi-tasking." The 107-acre facility has just 1,250 employees-80
per cent of them trained to skate with requisite agility. There
are three shifts a day, and some 330 people zipping about the
premises to get their part of the task done.
Are workers pleased? Oh yes. Ask Ramji Verma
from the housekeeping department, daring about with a broom. "I
can accomplish cleaning this area in two minutes," he beams,
pointing to a large blue Toyota spindle section, "what would
otherwise have taken me five."
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