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IFCI to raise NCDs upto Rs 2000 crore Economic, business and social sustainability Flexible labour laws… Downsizing spree... SumInfra- corridor based development... Need to focus on ease of doing business... More gensets and diesel engines from TAFE Changing dynamics in human resource management Business Briefs ALL-two launches in a row Chola MS launches motor app AirAsia India infuses funds to fight out competition Airlines wage price war TN budget pragmatic and moderate on fiscal deficit Apple maps – finding its way Well-refined – RIL’s refinery margins zoom Backpack laboratory Inclusive and forward moving... Make way for the new and dynamic railways CUB: towards card-less withdrawal Celebrating 180 years of relevance ALL to launch electric busses Research needs more funding Chennai to get a roundabout Metro Brand leaders come forward... OBO Bettermann for better lightning protection Hyundai excites again Automotive Vision Plan II... Indian Bank – global businesses crosses Rs 3 lakh crore... European crisis is a global crisis! Illicit markets a concern to growing economy Smart controls for cooling large multi-zone spaces ... TII-challenging year with flat growth Chennai will soon get its World Trade Centre A global plastic event in India Chola MS net crosses 100 crores ALL – truck industry is recovering from degrowth Striking cords for 25 years… Adding Zest to Scooty Sun Edison launches solar pumps Industry-well poised to invest on expansion Veritas Finance- financing the unfinanced Four daughters and a proud father STFC raises money Ridley marathon to India Housing Innovation Challenge, 2015 Connecting the unconnected WABCO’s second Chennai plant Focus on self-certification and third party inspection Creating Tamil Nadu Banana brand Carrefour’s quick exit Business Breif Tata Steel commence operations at Kalinganagar Nothing to hide... People Flow Day- Safety Auto test tracks launched at GARC Oragadam campus Big-ticket investments march towards Punjab Realising double digit growth in Tamil Nadu Realty sector takes a break... An American alliance in the chemical industry? Reality bytes Secured NCDs from Shriram City When Centre visits the state Placing the right shoe forward... On the ‘milky’ way Chennai Port is at last decongested! Economic issues take a back seat at G20 summit TCS’ revenues cross Rs 100,000 crore ISRO's 100th mission Holiday Inn opens in OMR Chennai Innovation that helped Chennai port Climate change may change the way businesses work... Pharma market dozes Strategy war escalates between Hero and Honda Bridging the skill deficit in pharma industry Techies trip to India BRICS development bank Dynamic e-commerce scenario Digital retail transactions stabilise at higher level… Gem of social service... Time to fast-pace the logistics sector ECGC expands operations Durga - India’s largest blast furnace; now operational Nigeria comes nearer Curbing steel imports will hurt small business... TiE applauds innovative entrepreneurs Hero Motocorp - smooth ride World labour laws at a glance An aerospace-defence cluster in Tamil Nadu… Is Indian telecom industry heading for a monopoly? Murugappa- a year of consolidation Purdue and IIT-M sign the dotted line - Towards peace of mind Rating of states to be released soon The new look- 4s Verna Steel loses its sheen Indigo stays leader with 40 per cent share TOP 10 CEO Compensation Celebration time at MS Chola LVB gears to become a financial supermarket Applauding enterprise... Investor friendly Japan TII’s single largest investment at Thiruthani Waste, a gold mine TVS Logistics – another acquisition to sharpen the business model Blue Star plans a new plant in south Three more leather clusters… Schwing Stetter India joins hands with US-based Gomaco Scoot offers just Rs.13,500 to ANZ...
 
Changing dynamics in human resource management

From mere selecting of talent for an organisation, today the role of human resources department has taken different dimensions.

With attrition rates becoming a concern, the CII conference on TN HR Summit discussed on the changing trends and the need to keep attuned to it. P Padmakumar, Head- Human Resources, Saint Gobain Glass India Ltd, pointed to the roles of HR manager ensuring cordial industrial relations. “HR Managers, while recruiting should look beyond compensation and inculcate the virtues of the company into the recruiting candidate. This will help in retaining talent.”

He pointed to an emerging field of HR analytics in which huge data are analysed before recruiting candidates. “What was then done on a gut feeling, cannot be continued. Like surgeons HR managers can make or break an organisation,” said Padmakumar. Kumar Jayanth, Secretary, Labour and Employment, Tamil Nadu pointed to the TN Skill Development Company aiming at skilling youth and invited partners from the private sector for this mission. Around Rs 150 crore has been set apart for the year.

With the GIM, new companies are expected to open shop in the state. Jayanth expects this would create a need of around 5000 HR professionals.

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