IN THIS ISSUE IN EVERY ISSUE Response Threatening one’s way to 03 prominence & dumping business From the Editor’s Desk 04 Guest Column by Dr. Vinayshil Gautam 05 In which three categories of I N T E R V I E W Time to burst 06 managers are you? myths about 10 team work Lot of us have certain belief and mindset around what good teams and team members should possess for effective In today's digitalized enterprises, the roles of team work. employees and managers are changing rapidly. Dr. Sanjay Muthal Organizations' working culture is also Executive Director, INSIST transforming through smart and hard working Executive Search, Mumbai managers. If the managers work smartly with hard work, organizations sustainability is bound to enhance in terms of long term profitability, Ushering a cultural shift growth and prosperity. An article by Professor (Dr.) Prem Lal Joshi. 13 This younger generation not only has a different understanding of the workplace as well as expectations from it, they are also People Analytics : The future of more likely to voice their opinions strongly 08 HR and change jobs if not happy. An article by Rajeev Bhardwaj. People analytics uses data and analysis - often provided by recruiting software - to understand a broad range of issues Being a boss : The balancing act related to employees including performance management, leadership 15 Being a boss requires a perfect people and recruiting. With the use of people management and balancing skills that keeps analytics, business leaders are able to the employees highly motivated to work utilize resources efficiently to fuel the hard and perform to deliver their best. An progress of the business. An article by article by Dr. Himani Sheth. Surabhi Mittal. LAYOFFS: Layoffs and job loss : An objective Can't there be an approach alternative? By Alok Nigam The critical role of HR during layoffs By Haresh Chaturvedi Preventing layoffs and how? By Vikas Khokha Removing barriers, creating opportunities By Naveen Kumar Looking beyond the obvious By Dr. Prashant Rao 16-37 Where optimism prevails, nothing COVER FEATURE COVER fails By Suhas Mukherjee Layoffs has to be the last resort Layoffs and the By Sanjeev Bhatia Lay-offs and the law - How it plays hidden truth out in the Information Technology Sector -BM Editorial Team By Archana Balasubramanian BUSINESS MANAGER SEPTEMBER 2018 1 IN THIS ISSUE Team cohesion with E.P.F. Act 38 differences 59 Is contributions on higher pay weird? As a leader in any field, the key is to be open to Contribution payable and consultation. When membership by pay limit for people know that there contribution does not have is someone to go to in independent meaning but times of need, someone depends on membership how who will not dismiss their an employee has been enrolled concerns and ideas, it is as PF member. Except reassuring. An article by paragraph 26 (6) all provisions Rajeev Shroff. deal with different conditions of becoming P.F. member. An article by Ram Niwas Bairwa. 40 Driving your car-eer The steering of your career like your car is in CASE STUDY 61 your hands so you gain varied experiences, visit beautiful places, overcome roadblocks, Why Amit said NO? cross speed bumps and sometimes a dead By BM Editorial Team end but life moves on and so should your career. An article by Neetubala Raina Koul. CASE ANALYSIS 62 LABOUR LAW Prakash has to shed his ego! 42 By Pramod K Tripathi LINE 63 HR NEWS Unless convicted by court, gratuity cannot be forfeited for 'Acts Involving Moral Turpitude’: SC When author talks about his book! Subramanian Iyer on “Propel yourself to magnificence” before his book launch RECENT HR PROFESSIONALS from the COURT ROOM 64 MOVEMENT Recent Important Labour Judgments 44-54 Hilton India appoints Mallika Rao Bedi, as Regional Director, Human Resources, Hilton India Wages/allowances for ESI Animesh Kumar moves to Zee as CHRO 55 contributions Emrana Sheikh joins Johnson & Johnson as enterprise HR Head An analysis of the definition of wages reveals Ajay Bhatt moves from Abbott to Intas Pharma as that it consists of four president-global HR parts. The first part refers to all Rajesh Hurkat elevated to HR Head South East Asia of Mattel's remuneration paid or India payable in cash to an Indrajeet Sengupta moves to Coca-Cola employee if the terms of the contract of employment, express or implied, 64 HR NEWS are fulfilled. An article by H.L. Kumar. Companies to declare about existence of committee under POSH Act BUSINESS MANAGER SEPTEMBER 2018 2 Worth reading RESPONSE It's really good content was really useful to me for discussing in the class as case studies. Please include new areas also to get more insights for research purpose for academicians. All the best. Worth reading it. Dr. Sowdamini Secret sauce It is about the views of Usha Chirayil on Chemistry of Teamwork. Fully endorse this 'secret sauce'. Continual, if not continuous, learning is key to sustaining top team performance. Rajan Sinha SEPTEMBER 2018 Interesting read The case study on teamwork is interesting and the analysis done by all AUGUST 2018 ISSUE three is equally keep readers engaged. CHIEF EDITOR Rajaram C. ANIL KAUSHIK Catchy Read much articles on team and teamwork but Passionate the dimension of decoding the element of Anil jee you are true and passionate solider ASSOCIATE EDITOR chemistry in teamwork is very catchy. who represent and front HR voice and it's ANJANA ANIL All the contributor’s have analysed given their importance when few of us propagating anatomy which makes sense. Usha Chirayil, that HR future going to be limited... Keep it Aman Attree and Sujoy Benerjee have taken a up. dive and brought something very interesting EXECUTIVE EDITOR Gajendra Harishanker for us. JAYSHREE DUTT I really liked it. Your each issue has some element of relevance, interest and richness. Really serving the community through print Always a pleasure to write in Business DESIGN & DIGITAL magazine is appreciable where in times of Manager. SATENDER TEJ ARUN social media platforms reading habits are Sujoy Banerjee diminishing. Keep continuing. Thanx Anil ji. Good to be part of the Kamal Kishor larger family... SUBSCRIPTION Vijay Kumar Shrotryia GIREESH KUMAR DIXIT Valid point Article on maternity benefit increase by H.L. Kumar Team work is tool to update self and has raised a very valid point. It is fact that increased team skills. liability on employers in terms of maternity benefit Ravindra Pareek may be out of proportion to borne by small What a useful magazine... I request to HON'Y EDITORIAL BOARD employers. all HR guys to have subscription of Dr.T.V.Rao In all probabilities, in long term small employers Business Manager ASAP. Dr.Vinayshil Gautam will avoid employing female employees. A balance Pramod Kumar Tripathi H. L. Kumar between the benefits and financial liability should Regular impresive team of have been created by the government before Dr. Rajen Mehrotra contributors in all issues! enforcing the law. Ultimate impact of this change in law will be on employment prospects of women Simrat Kapoor employees. very good work . Keep it going. Chetan Saugat Vineet Kaul Owned, Published and Printed by Anil Kaushik at Sun Prints, Ganpati Tower, Nangli Circle, Alwar - 301001and Published From B-138, Ambedkar Nagar, Alwar - 301001 (Raj.) India. Editor : Anil Kaushik BUSINESS MANAGER The views expressed in the articles published in Business Manager are those of the authors only and not necessarily VALUES YOUR FEEDBACK. WRITE of the Publisher/Editor. TO US WITH YOUR SUGGESTIONS While every effort is made to have no mistake in the magazine, errors do occur. Publishers do not own any responsibility for the losses or damages caused to any one due to such ommissions or errors. AND IDEAS AT [email protected] This issue of Business Manager contains 68 pages including cover Annual Subscription Rs. 1300/- through DD (by ordinary Book-Post) (by Courier/Registry Rs. 1600/-) Visit us on: favouring Business Manager may be sent to: B-138, Ambedkar Nagar, Alwar - 301001 (Raj.) India Mob.: 09785585134, 07665913854 www.businessmanager.in E-mail : [email protected], [email protected] https://www.facebook.com/businessmanagerhrmagazine Published on 1st of Every Month BUSINESS MANAGER SEPTEMBER 2018 3 From the EDITOR’S DESK Painless surgery! Recent past has witnessed huge numbers of layoffs in Indian organisations specifically on IT, telecom and other sectors. When we talk of lay off, it is not in strict legal terms because in legal sense as enumerated in employment regulations, it does not mean termination of jobs as we refer here in common understanding. Reorganisation, restructuring, downsizing, right sizing, by whatever name we call this exercise, it leads to termination of employment of people with the belief that it will cut costs, increase revenues and improve efficiency. Some surveys have indicated that layoffs may continue till 2022. When economy grows, why Layoffs are there -is a question-employee who suffers the burn of job loss asks quietly. Why the company managers were lying or unrealistically upbeat some time before this incident of lay off? Why an employee who scored highest in appraisal and got promotion few days before was asked to leave? Not answering and handling these issues intelligently with sensitivity brings bad name and ill will to the organisation. The maximum layoffs happened in the IT sector is due to the reason that this sector is shifting from the concept of high volume to high value. It is moving towards non- linearity delinking the revenue growth with headcount. AI, machine learning and other new age technologies have drastically changed the skill set requirements. In some cases Layoffs may also be there due to inability of the team to generate required profits on projects.