- Learn car drive, music instrument(key board) and swimming
- Read atleast one book in a month
- Trim down fixed financial commitments (atleast by 20%)
- More postings in blog (minumum 20 in a month)
With Cheers
Naras
Thursday, December 31, 2009
2010 - Way Forward
This would be my last post in this year. Some of the wish lists for the year 2010
Sunday, December 20, 2009
Individuals promoted not on performance. Is it true?
Narasimhan A R
It was almost the fag end of the week, Saturday evening just before closing hours; HR manager came up with the task “Promotion for the year”. It is usual that at the end of each year employees are assessed on their performance. After having done performance, one of the difficulties on both HR and the supervisor part is to choose employees for promotion. The question here is “Why is it so difficult to decide promotion?”
Let us assume that an individual is promoted to the next level based on his performance. This evidences that an employee has met the standard. The issue is not stopped here. What is the guarantee that the promoted employee will perform well in his new job. That is the moot point to test in the given situation.
The Peter Principle “Promotions and declining productivity” suggests that the individuals performance will become worse after being promoted. This originates from the hypothesis that each individual can be identified in to three categories:
i. an individual performing worse,
ii. an individual performing bad, and
iii. an individual performing good.
An employee who fits in the first category will definitely be terminated soon; second one will often be under tremendous pressure to perform good thus striving hard to third category. Ironically, the probability of sustaining good performer for a longer period is less. Other things remains equal, this implies that those who do not get a promotion should do better after being turned down than they did before. Also it suggests that an individual who is good at one job may not always be good at another job.
Suppose a company decides to study the effect of giving promotions thus takes longer period to make such decisions then the impact would be one, on positive side the longer the Company waits to make a promotion decision, the better the information but on negative side wrong job will be with one individual for a longer time. This may end up maximum attrition. Then how to offset both extremes?
Promote individual at random. Statistics and history shows that giving promotions using computer model on random basis works most efficiently. This is based on the theory called Parrondo's Paradox. It is a game theory wherein each having higher probability of losing than winning. How it is proved this is the best model? Though it may ruining employee morale, (ie., performer may not be rewarded) when employees know promotions are at random, individuals like creativity most and work better.
Let us assume that an individual is promoted to the next level based on his performance. This evidences that an employee has met the standard. The issue is not stopped here. What is the guarantee that the promoted employee will perform well in his new job. That is the moot point to test in the given situation.
The Peter Principle “Promotions and declining productivity” suggests that the individuals performance will become worse after being promoted. This originates from the hypothesis that each individual can be identified in to three categories:
i. an individual performing worse,
ii. an individual performing bad, and
iii. an individual performing good.
An employee who fits in the first category will definitely be terminated soon; second one will often be under tremendous pressure to perform good thus striving hard to third category. Ironically, the probability of sustaining good performer for a longer period is less. Other things remains equal, this implies that those who do not get a promotion should do better after being turned down than they did before. Also it suggests that an individual who is good at one job may not always be good at another job.
Suppose a company decides to study the effect of giving promotions thus takes longer period to make such decisions then the impact would be one, on positive side the longer the Company waits to make a promotion decision, the better the information but on negative side wrong job will be with one individual for a longer time. This may end up maximum attrition. Then how to offset both extremes?
Promote individual at random. Statistics and history shows that giving promotions using computer model on random basis works most efficiently. This is based on the theory called Parrondo's Paradox. It is a game theory wherein each having higher probability of losing than winning. How it is proved this is the best model? Though it may ruining employee morale, (ie., performer may not be rewarded) when employees know promotions are at random, individuals like creativity most and work better.
Wednesday, December 9, 2009
Greatest shame to ICAI
Booth capturing is a type of electoral fraud, found primarily in India, in which party loyalists "capture" a polling booth and vote in place of legitimate voters to ensure that their candidate wins. - source : wikipedia
HBL Reports
The elections to the 21st Central Council and the 20th Regional Councils of the Institute of Chartered Accountants of India (ICAI) ran into rough weather after a booth capturing incident.
At least four unidentified men, including one toting a pistol, stormed an ICAI election booth at Vaishali (near Ghaziabad) on Saturday, tampering the ballot box and stuffing ballot papers, sources said.
The returning officer to the elections and ICAI Secretary, Mr T. Karthikeyan, confirmed the incident and added that a First Information Report (FIR) had been lodged with a police station.
The ICAI President, Mr Uttam Prakash Agarwal, however, denied the booth-capturing incident. “No such instance of booth capturing has so far been brought to my notice,” he said.
Mr Karthikeyan declined to comment on whether any decision has been taken on re-poll at the same region. The polling booth, which was manned by a senior Deputy Director of the ICAI, came under the central region of the ICAI.
This polling booth had two ballot boxes — one each for the Central Council and the Regional Council. The officer in-charge informed the ICAI secretary about the booth capture.
The official is understood to have rushed to the Vaishali booth with officers of the Institute, sources said. The police were also called in.
It is learnt that only the Central Council box was tampered with. In all, 14 candidates from the central region are in the fray for positions in the Central Council.
The incident came as a shock to the chartered accountants fraternity. This was the first time in the history of the ICAI that a booth capturing incident had occurred at Council elections, a top ICAI official said.
This is another version of politics in a professional body.It looks to me very pathetic while I read the statement given by the president of the Institute.
HBL Reports
The elections to the 21st Central Council and the 20th Regional Councils of the Institute of Chartered Accountants of India (ICAI) ran into rough weather after a booth capturing incident.
At least four unidentified men, including one toting a pistol, stormed an ICAI election booth at Vaishali (near Ghaziabad) on Saturday, tampering the ballot box and stuffing ballot papers, sources said.
The returning officer to the elections and ICAI Secretary, Mr T. Karthikeyan, confirmed the incident and added that a First Information Report (FIR) had been lodged with a police station.
The ICAI President, Mr Uttam Prakash Agarwal, however, denied the booth-capturing incident. “No such instance of booth capturing has so far been brought to my notice,” he said.
Mr Karthikeyan declined to comment on whether any decision has been taken on re-poll at the same region. The polling booth, which was manned by a senior Deputy Director of the ICAI, came under the central region of the ICAI.
This polling booth had two ballot boxes — one each for the Central Council and the Regional Council. The officer in-charge informed the ICAI secretary about the booth capture.
The official is understood to have rushed to the Vaishali booth with officers of the Institute, sources said. The police were also called in.
It is learnt that only the Central Council box was tampered with. In all, 14 candidates from the central region are in the fray for positions in the Central Council.
The incident came as a shock to the chartered accountants fraternity. This was the first time in the history of the ICAI that a booth capturing incident had occurred at Council elections, a top ICAI official said.
This is another version of politics in a professional body.It looks to me very pathetic while I read the statement given by the president of the Institute.
Thursday, August 27, 2009
Wednesday, August 26, 2009
Tuesday, August 25, 2009
Born with cerebral palsy ........
Reported in Express News Service, is this amazing story of a lad born with cerebral palsy cracking the country's second toughest professional examination.
In what could be an inspiration for several others of his kind, Ajit Shekhawat (28), who was born with cerebral palsy, cleared the Chartered Accountants (CA) exam recently.
Ajit is at present working in an eye hospital in Udaipur.
His father, Mahavirsinh, who works as a section officer in the Gujarat Secretariat said: “It was Ajit's aim to become a CA since he passed his Class XII. It was because of his sheer dedication and self confidence that he could achieve his aim.”
Ajit was treated for two years at a Mumbai hospital at the age of five. His treatment continued in Gandhinagar later on and Ajit continued his studies and completed his graduation in commerce from Gandhinagar. He then started preparing for his CA examination at home and cleared it.
In what could be an inspiration for several others of his kind, Ajit Shekhawat (28), who was born with cerebral palsy, cleared the Chartered Accountants (CA) exam recently.
Ajit is at present working in an eye hospital in Udaipur.
His father, Mahavirsinh, who works as a section officer in the Gujarat Secretariat said: “It was Ajit's aim to become a CA since he passed his Class XII. It was because of his sheer dedication and self confidence that he could achieve his aim.”
Ajit was treated for two years at a Mumbai hospital at the age of five. His treatment continued in Gandhinagar later on and Ajit continued his studies and completed his graduation in commerce from Gandhinagar. He then started preparing for his CA examination at home and cleared it.
born with cerebral palsy, cleared the Chartered Accountants (CA0- exam
Reported in Express News Service, is this amazing story of a lad born with cerebral palsy cracking the country's second toughest professional examination.
In what could be an inspiration for several others of his kind, Ajit Shekhawat (28), who was born with cerebral palsy, cleared the Chartered Accountants (CA) exam recently.
Ajit is at present working in an eye hospital in Udaipur.
His father, Mahavirsinh, who works as a section officer in the Gujarat Secretariat said: “It was Ajit's aim to become a CA since he passed his Class XII. It was because of his sheer dedication and self confidence that he could achieve his aim.”
Ajit was treated for two years at a Mumbai hospital at the age of five. His treatment continued in Gandhinagar later on and Ajit continued his studies and completed his graduation in commerce from Gandhinagar. He then started preparing for his CA examination at home and cleared it.
In what could be an inspiration for several others of his kind, Ajit Shekhawat (28), who was born with cerebral palsy, cleared the Chartered Accountants (CA) exam recently.
Ajit is at present working in an eye hospital in Udaipur.
His father, Mahavirsinh, who works as a section officer in the Gujarat Secretariat said: “It was Ajit's aim to become a CA since he passed his Class XII. It was because of his sheer dedication and self confidence that he could achieve his aim.”
Ajit was treated for two years at a Mumbai hospital at the age of five. His treatment continued in Gandhinagar later on and Ajit continued his studies and completed his graduation in commerce from Gandhinagar. He then started preparing for his CA examination at home and cleared it.
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