Top 5 Metrics for Workforce Analytics(HCMI and Human
Concepts):
Paper by HCMI and Human Concepts
Top 5 metrics for workforce analytics.
1. Total Cost of
Workforce
2. Percent of High
Performers
3. Management Span
of Control
4. High-Performer
Turnover Rate
5. Career Path Ratio
The paper also talks about Talent Management Index which is the
combination of the above 5 metrics. The article is a must for those who
are following HCM - GENNeXT. Please register at their website for the
article...
Another inspiring piece of writing but what has
been permanently engraved in my mind is this quote “Great minds talk
about ideas, average minds about events, and small minds about other
people.” by Eleanor Roosevelt .Like
i keep saying time and again that i love to read what August writes and each
and every article of his has so much to convey to the world today. He
is truly a mentor for many. Click on the title to go to the
article in Forbes.com.
Accepting Defeat
Be gracious in accepting defeat knowing that perseverance pays and on the way ahead lies the road to victory. This beautiful article has been published in Speaking-Tree which is a spiritual magazine. Please refer to the Human Capital Management section for more .....
Corporate Strategy on how to become a player (Forbes.com)
A very nice article published in Forbes.com on Corporate Strategy by
Mr. Edward E.
Lawler III. Please click on the title to take you to the Forbes
website to read the article.
July 10, 2012 | All News | Risk News & Resources Analysis:
In crisis debate, historical data overlooked (By GARP)
There is no doubt a focus on the analysis of the current financial data
by building various financial and economic models to understand the economic
scenarios and predict risks but the above article talks about how historical
data could have possibly offered some insights into the current global financial
crisis. Click on the header to read the
article.
(Refer to the business section)
Today .i.e. 1st
July 2012 and we see oil prices steady close to 80 USD a barrel down from 110
-120 and the gold prices are coming done too. Believe there would be a
correction for some time but after coming down and holding steady there is
every possibility of the bullion prices rising considering that a lot of
countries would print currencies to beat the fiscal deficit. However, for now
in a basket of your investing options, gold would be a sell if held in large
proportions. I believe that the oil prices should hold steady considering a
number of country elections happening this year and one can expect price rises
this year end or early next year.
Go to the
business section to view a correlation between oil and bullion markets. The
analysis has been done using correlation regression, multiple regression and
time regression analysis
Absolutely
amazing! The Japanese have managed to grow a human liver from pluripotent stem
cells. Please click on the link above which takes you to the reported news by
Reuters. Pluripotent stem cells are those cells which can become any of the embryonic
stem cells but cannot become the non embryonic stem cells e.g. the placenta.
One hopes that the stem cell research will cure a lot of health problems in the
near future and save lives.
The
current Indian economy ??? How can we improve the GDP ...
RBI
keeps the CRR unchanged at 4.75 percent and the no cut in the Repo rate
at 8 percent.
There were
contrary views in the Indian banking and business circles as to whether the
Reserve Bank of India would reduce the CRR by 25 or 50 bps points. CRR stands for
the cash reserve ratio banks must hold with RBI and Repo rate is the interest
rate with which the RBI lends money to the Indian Banks.
The very interesting statement made by the RBI which are :-
1. Factors other
than interest rates were contributing to growth slowdown.
2. Rate cuts at
this juncture could worsen inflationary pressures.
These clearly
indicate two important aspects
1. The RBI is
expecting the Indian government to come up with some urgent fiscal policy
measures to reduce fiscal deficit, control consumption and improve industrial
production and growth before it would decide to act.
2. The RBI focus
is on inflation and the exchange rate of the rupee. Knowing that the rupee rate
to the USD is low, the bank feels that this will increase demand for the rupee
and lead to the exchange rate correction.
To boost exports
the RBI has raised the export credit refinance from 15 % to 50 % which is
similar to providing banks a 50 bps CRR cut and infusing capital worth 30,000
crore rupees.
3. The RBI will
continue its’ buying and selling of foreign exchange in the Open Markets to
control the exchange rates.
For those who
want to know what Export re-credit financing facility is all about , The
availing banks are required to report their outstanding export credit
eligible for refinance within 5 days from the relevant date in the
RBI defined prescribed format. It is essential that the outstanding ECRs
at all times are fully covered by the banks’ holding of export
bills/amount of eligible pre-shipment advances as reported in their latest
declaration. If at any time it is found that the total amount of
bills held by banks/amount of eligible pre-shipment advances covered by
the declaration fall below the amount borrowed, the banks should forthwith adjust
or repay excess refinance from the RBI.
To conclude, one
could see the Indian market going from bearish to bullish in July 2012 where
the Indian Prime Minister could be most likely taking complete charge of the
Finance Ministry and have a team to bring those most needed and desired policy
changes at the earliest and strongly network with the global investors to
rebuild the confidence and undo the damage stuttering India's economic growth
story. That's it for now.
Business
& Economics-My take on Inflation and monetary policies
i wrote a while
ago much before anticipating such a situation. Remember option D where if the
Aggregate Supply is increased (increase ratio K1) and the aggregate money
supply is also increased (increase ratio K2) keeping the Aggregate Demand as
constant, we control inflation and improve all DIRECT variables of the GDP (Demand,
Interest Rate, Expenditure, Consumption and Taxes).
To improve the
money supply, government financial policies need a complete turnaround for
foreign investments with a lock in period of few years. To
attract foreign investments and improve expenditure all bottlenecks
for power and infrastructure projects need to be removed. Consumption needs to controlled
and Taxes can be held steady for a while.
Innovation in
technology for storage and agriculture is the key since controlling consumption
is a challenging task but not impossible. We need to wait and watch...
Hedging and
Derivatives - An extremely dangerous business and a Nightmare for Risk
Managers?
Please go to the Business section- Financial Markets and Investments for
more .....
Be gracious in
accepting defeat knowing that perseverance pays and on the way ahead lies the
road to victory. This beautiful article has been published in Speaking-Tree which
is a spiritual magazine. Please refer to the Human Capital Management section
for more .....
Using Strike-lines from Excel for Financial
Statement Analysis
Go to the
Business Section Corporate Finance and Reporting Standards for more of
this exciting stuff from Microsoft....
The Challenge of
Modeling Financial Risk.
This article was
shared in Linkedin by Alexander Haigh, a consultant at Validus Risk Management.
Just to share with you that there is a talk of the Basel Committee of
considering other risk metrics and saying good bye to VAR.
VAR is Value At
Risk :
Those new to
Financial Risk should know that VAR has three important parameters of
measurement which are
1. Confidence
Level
2. Standard
Deviation
3. Loss due to
Risk.
The VAR can be
calculated using historical data, variance co variance analysis and the Monte
Carlo Method. The extent of volatility and loss due to risk can be estimated at
different percentages of confidence levels which gives financial managers a
better understanding of the volatility and trends of the financial markets.
However , here again this method is based on the bi-normal distribution of
data. Lots of interesting happenings in the area of Risk Management. Go to
the business section for more...
10 Leadership
Lessons from the IBM Executive School
Meet Cheetah, Boston Dynamics' Terrifyingly
Fast Running Robot(Published in Forbes)
Robotics has
always fascinated many like me since its the best business technology
innovative integrator. This article in Forbes is pure adrenalin rush. Watch the
video.
To read more go
to the technology section
A Math Quiz for
your kids studying in primary school...
Make sure you have the Microsoft Dot Net (32 bits) installed on your
computer , the Visual C# 2010 Express Studio to build the application and
create an executable file.
Disruptive Advertising
What do you do
when you want to market your product as a mean machine. Advertise it with the bad boys image. The
point is will it disrupt the market and sell your product like hotcakes... Go
to the Sales & Marketing Section for more
Service Oriented
Architecture .... My perspective .
Click the Technology section for more....
Training is big
business.
Technology has
made corporate training advanced and easily possible for employees who can get
trained and add more skills and knowledge as their choice or as a part of their
career and development plan. ERP's like SAP have advanced training options
using SOA and the web. Go to the HCM and HRIS section for more ....
Why not consider ECGC coverage instead of hedging to control risks? Read the business section for more .....
Average increment
in 2012 may fall to 11.9%: Survey
.. Read the HCM section for more ....
RBI liberalizes
payment system through banks for exporters. Read the business section for
more...
.
New Financial
Investments to Help Investors :
The ministry of corporate affairs (MCA) has issued a revised Schedule VI
to the Companies Act that lays down a new format for presentation of financial
statements by Indian companies.
Why you should hang
on and not exit equities:
In India if you have invested in stocks and not yet sold them during a
downward market trend, then here is an article that says why you need to hold
on to your stocks and not offload them for losses in a rush.
According to me the markets are at the end of the bear stage and if you have some good stocks ( CNX50, CNX MIDCAP, CNX MIDCAP 50, CNX IT, BANK NIFTY) it is recommended to hold on await the Bull phase before offloading. However, treat every individual stock separately, look at the all the financial statements, the Beta and other ratios , the world political scenario and a strong track on the inflation and GDP in India since for all cash stocks the returns would be close to GDP.
Your a Project
Manager - Not Superman
Posted by Safinaaz Rawji
A very nice blog
by Safinaaz and i can personally vouch for this. The expectations from a
Delivery/Program/Project Manager are very high from many IT companies where
they expect you to work 24 x 7 , conduct job interviews and even be
hand-holding and train all the project team employees( even if they are a few hundreds
), fire fight problems instead of giving you the opportunity to bring best
practices in place and transform the work environment.
