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An Yearly Magazine by the Students and Staff of the Commerce Department The New College (Autonomous) Chennai-14. 2014 –2015 PATRON Dr. S. ABDUL MALIQ, PRINCIPAL EDITOR Dr. S. THOTHADRI EDITORIAL ADVISORY committee EDITORIAL team Dr. P.M.S ABDUL GAFFOOR-H.O.D. Of COMMERCE K IMRAN BASHA – I M.COM Mr. FAYAZ MOHAMMED BIJLI K PRABHU– I M.COM Dr. SYED RAFIQ AHMED R FARMAAN AHMED– I M.COM Dr. S. TAMEEM SHARIEF K MOHAMMED HAMZA– I M.COM Dr. J. SULAIMAN S MOHAMMED SHAKIL AHMED– I M.COM Dr. A. MOHAMED YUNUS H SHAIK SHAFFI ALI– III B.COM B. AFROZ AHMED J MOHAMMED IBRAHIM-III B.COM S. MOHAIDEEN BASHA G KHAJA SHERIFF -III B.COM Mr. N.O. AMEEN T MOHAMMED TAHER KHAN –II B.COM Mr. A.MD. NAYEEMULLAH KHAN SYED AAQIB-I B.COM
Transcript

An Yearly Magazine by the Students and Staff of the Commerce Department

The New College (Autonomous) Chennai-14.

2014 –2015

PATRON

Dr. S. ABDUL MALIQ, PRINCIPAL

EDITOR

Dr. S. THOTHADRI

EDITORIAL ADVISORY committee

EDITORIAL team

Dr. P.M.S ABDUL GAFFOOR-H.O.D. Of COMMERCE K IMRAN BASHA – I M.COM

Mr. FAYAZ MOHAMMED BIJLI K PRABHU– I M.COM

Dr. SYED RAFIQ AHMED R FARMAAN AHMED– I M.COM

Dr. S. TAMEEM SHARIEF K MOHAMMED HAMZA– I M.COM

Dr. J. SULAIMAN S MOHAMMED SHAKIL AHMED– I M.COM

Dr. A. MOHAMED YUNUS H SHAIK SHAFFI ALI– III B.COM

B. AFROZ AHMED J MOHAMMED IBRAHIM-III B.COM

S. MOHAIDEEN BASHA G KHAJA SHERIFF -III B.COM

Mr. N.O. AMEEN T MOHAMMED TAHER KHAN –II B.COM

Mr. A.MD. NAYEEMULLAH KHAN SYED AAQIB-I B.COM

FROM THE EDITOR

I am honoured to share the efforts of many thoughtful and committed people of

the Commerce Department for the release of In-house Magazine “NEWCOMM

DIGEST TODAY”. As a part of Go-Green initiative, the PG & Research Department

of Commerce instigated the novel idea of bringing out the magazine as e-journal

which is available on the New College website. (www.thenewcollege.in).

The year 2014 – 15 was filled with academic accomplishments of both staff

members and students. As the saying goes ‘Life Misses No Opportunity’, our

department students proved it by participating and winning prizes in various cultural

events at Inter and Intra Collegiate levels. Dr. P.M.S. Abdul Gaffoor, Associate

Professor & Head who had been a source of inspiration for our students, motivated

them to excel not only in academic activities but also in extracurricular activities, by

sponsoring prizes for all the winners of the cultural events of the department

conducted during the year 2014-15.

I thank the New College Management and our Principal Dr. S. Abdul Maliq

for their encouragement and constant support in all our endeavours. My special thanks

to Mr. K. Prabhu (I. M.Com), K. Imran Basha (I M.Com) and Shaik Shaffi Ali

(III B. Com) for their untiring efforts in bringing out this magazine. I appreciate all

students who have shown keen interest in contributing articles for publication. I also

thank the Editorial Advisory Members and Editorial team for their help and support

extended in bringing out this journal on time.

S. THOTHADRI

S.No CONTENTS PAGE

1

Annual Report 2014 - 2015

1

2

A Study on Work Stress Management Among Employees of BPO in Chennai

Prof. N.O. Ameen

13

3

Transformational Leadership K IMRAN BASHA

24

4

Work Life Balance K PRABHU

27

5

Performance Management System S MOHAMMED SHAKIL AHAMED

30

6

Paypal S SYED MEERAN

34

7

E-Stamping R FARMAAN AHMED

36

8

Business Intelligence K MOHAMMED HAMZA

39

9

Digital Library K MUHAMMED LASIM

42

10

Human Resource Information Systems E ADIL

44

11

Employee Value Proposition H SHAIK SHAFFI ALI

48

12

Evergreen Name, T MOHAMMED TAHER KHAN

52

13 Top of the Peak T MOHAMMED TAHER KHAN

53

14 All the Way T MOHAMMED TAHER KHAN

53

15 The Best Personality Ever T MOHAMMED TAHER KHAN

54

16 Every Aspect of Life T MOHAMMED TAHER KHAN

54

17 Photo Gallery 55

1

THE NEW COLLEGE (AUTONOMOUS) –CHENNAI 600 014.

PG & RESEARCH DEPARTMENT OF COMMERCE - SHIFT – I

ANNUAL REPORT 2014– 15

Dr. J. Sulaiman, Assistant Professor was nominated as Vice-President of the

Commerce Association for the Academic Year 2014 – 15. Mr. G. Md. Wajakath Ali

of III B.Com (General) was elected as Department Secretary of Students Union for the

year 2014 – 15. Mr. A. Nizam Dawood of II M.Com was elected as Secretary of the

PG Association for the year 2014 – 15.

DEPARTMENT ACTIVITIES

A. BOARD OF STUDIES MEETING

Board of Studies Meeting was held on 23.12.2014 at the PG & Research

Department of Commerce to modify the syllabus for II B. Com (General), III B. Com

(General) and II M.Com students for the academic year 2015 – 16. Dr. S. Gurusamy

was the University Nominee. The syllabi were discussed and approved by the

members of the Board of Studies.

B. UGC AUTONOMOUS GRANT -ONE DAY WORKSHOP

P G & Research Department of Commerce organized a UGC Autonomous

Grant One Day Workshop on “Emerging Business Opportunities and Leadership

Challenges in the era of Globalization” on 4th February 2015. Dr. S. Gurusamy

Professor & Head, University of Madras, presided over the function and delivered the

inaugural address. He emphasized the importance of leadership qualities in order to

enable us to face the challenges ourselves in this era and cope with the rising trend and

envision as the business leaders. Mr. David Mohan, Chief Manager & Principal,

Corporate Learning Centre, United India Insurance Company Limited was the

resource person for the technical Session I “Leadership Qualities in the Era of

Globalization”. He enlightened the students on the importance of Leadership qualities,

Goal Setting and achieving. Rotarian Prasanna Shenoy, Chartered Accountants,

Founder & Senior Partner PS Associates was the resource person for the technical

session II. He highlighted about the Emerging Opportunities in a Globalized World.

All students received the participation certificates. Dr. Nizar Ahmed, Director,

MEASI Institute of Management highlighted the need for leadership qualities and

communication skills

2

C. INTER COLLEGIATE COMPETITIONS

P G & Research Department of Commerce conducted an Inter Collegiate

Commerce Talent Meet “NEWCOMM FEST 2K15” on 10th March 2015. Dr.

P.M.S. Abdul Gaffoor magnanimously sponsored the Overall Rolling Trophy and the

Cash Prizes for all the events. To promote cordial relationship among students from

various city colleges, he created an Endowment for Rs. 1, 00,000/- (One Lakh only)

towards the conduct of such events every year. More than 12 Arts & Science Colleges

in and around Chennai actively participated in the Inter Collegiate Competitions.

English Oratorical, Tamil Oratorical, Quiz, Shipwreck and Ad zap events were

conducted. The First, Second and Third place winners of each event were awarded a

cash prize of Rs. 3,000, Rs, 2000 and Rs. 1,000 respectively. Besides, a cash prize of

Rs. 5,000/- (Five thousand) was awarded to Mr. Mohamed Nawaz of I M.Com of

The New College who secured the highest score points in Achievement Recognition

Programme (ARP). This Program was inaugurated by Prof. Dr. Karu Nagarajan,

Member Secretary, and Tamil Nadu Higher Education Council.The Overall

Rolling Trophy was bagged by D G Vaishnav College, Arumbakkam. Col. Dr. G.

Thiruvasagam, Vice Chancellor of AMET University presided over the function

and distributed the prizes to the winners.

D. STUDENT EDUCATIONAL TOUR

III year B. Com (General) students organized an Educational Tour to Munnar

and Cochin from 19th January 2015 to 22nd January 2015. Dr. J. Sulaiman, Assistant

Professor and Mr. Bilal, Assistant Professor of Commerce accompanied the students.

39 students of B. Com (General) participated in the educational tour.

STAFF ACTIVITIES &ACHIEVEMENTS

Dr. P.M.S Abdul Gaffoor, Associate Professor & Head was the Guest of

Honour for the Commerce Day function conducted by Thiruthangal Nadar College,

Chennai. He delivered the presidential address and highlighted the importance of

leadership qualities.

Prof. Mr. Fayaz Mohammed Bijli, Associate Professor served as a Member

of the Board of Studies of Commerce in B S Abdur Rahman University and also a

Member of the Board of Studies of Commerce in JBAS College, Chennai

3

Dr. Syed Rafiq Ahmed was a Chairperson for the International Conference on

“Commerce in Sanga Elaikyam” conducted by Government Thirumakal Arts College,

Gudiyatham. He also served as a University Nominee as Subject Expert for the

recruitment of Teachers at the Pachaiyapaa’s Trust, Chennai. He was a member of

the interview panel for the recruitment of teachers at JBAS College for Women,

Chennai. He also served as a resource person for the upgradation programme which

was conducted for the PG Teachers in Commerce, by DIET, Government of Tamil

Nadu.

Dr. S. Thothadri, Assistant Professor & Dr. J. Sulaiman, Assistant Professor

attended an Orientation Programme for 28 days conducted by the UGC Academic

Staff College, University of Madras from 05.11.2014 to 02.12.2014.

Dr. J. Sulaiman was a resource person at Madras School of Social Work and

delivered a lecture for the NSS Programme Officers from various Universities. He

also presided over as a Chief Guest for YRC inauguration of Presidency College,

M.A. Chidambaram Nursing College, and Mohamed Sathak College of Arts &

Science, Krishna Swamy Women’s College and Annai Veilankanni College.

Dr. SYED RAFIQ AHMED, Assistant Professor

Dr. Syed Rafiq Ahmed served as an External Examiner for Ph. D Public Viva

Voce examinations conducted by the University of Madras and Thiruvalluvar

University.

Viva voce examination of Ms. Mala Jayashree, (Part time Research Scholar)

in Commerce was held on 20.10.2014. She was conferred with “Doctoral Degree in

Commerce” under the guideship of Dr. Syed Rafiq Ahmed.

He also participated and presented papers in the following seminars and conferences.

Participated in the Regional Level workshop on ‘Quantitative Techniques in

Research: SPSS Package’ held at Ethiraj College for Women (Autonomous),

Chennai on 13th & 14th August 2014.

4

Presented a research paper in the UGC SponsoredNational Seminar on

‘Emerging Issues of Retailing in India’, held at Erode Arts & Science

College (Autonomous), Erode on 19th& 20th September 2014.

Participated in the Research Colloquium on ‘Research Colloquium’ held at

TNOU, Chennai on 31st October & 1st November 2014.

Presented a research paper in the national seminar on ‘Customer Retention: A

Marketing Strategy’, held at Jamal Mohamed College (Autonomous),

Thiruchirappalli on 24th January 2015.

Presented a research paper in the national seminar on ‘Consumer Behaviour

in the Global Era’, held at Jamal Mohamed College (Autonomous),

Thiruchirappalli on 24th January 2015.

Participated in the International conference on ‘The World Economy: Recent

Developments & Challenges’ held at Stella Maris College (Autonomous),

Chennai on 27th January 2015.

Presented a research paper at the national seminar on ‘Emotional Marketing:

A Tool For Brand Management’,held at Dr. MGR Janaki College of Arts &

Science for Women, Chennai on 27th& 28th January 2015.

Presented a research paper at the national seminar on ‘Work Life Balance &

Its Stress on Working Women: A Focus’, held at Dr. MGR Janaki College of

Arts & Science for Women, Chennai on 27th& 28th January 2015.

Presented a research paper at the national seminar on ‘Consumer Buying

Behavior & Purchase Decision : A Study With Special Reference To

Indian Cosmetic Industry’, held at Dr. MGR Janaki College of Arts &

Science for Women, Chennai on 27th& 28th January 2015.

Presented a research paper at the national seminar on ‘A Study On Global

Competency Challenges & Opportunities For Public Entrepreneurship

With Special Reference To Indian Postal Services’,held at Dr. MGR Janaki

College of Arts & Science for Women, Chennai on 27th& 28th January 2015.

Presented a research paper at the national seminar on ‘Search Engine

Optimization: A Tool For Online Marketing’,held at Dr. MGR Janaki

College of Arts & Science for Women, Chennai on 27th& 28th January 2015.

5

Presented a research paper at the national seminar on ‘Succession Planning –

A Key for Employee Retention’,held at Dr. MGR Janaki College of Arts &

Science for Women, Chennai on 27th& 28th January 2015.

Participated in the UGC funded workshop on ‘Emerging Business

Opportunities and Leadership Challenges in the era of Globalization’ held

at The New College (Autonomous), Chennai on 4th February 2015.

Presented a research paper in the 3rd International Conference on ‘A Customer

Retention Management: Emerging practices, Process and Discipline’ held

at SRM university, Chennai on 26th February 2015.

Presented a research paper at the International Conference on ‘Effectiveness of

Exit interview- A Study with special reference to selected IT companies in

Chennai”, held at MEASI Institute of Management, Chennai, on 27th

Feb.2015.

Dr. S. TAMEEM SHARIEF, Assistant Professor

Dr. S. Tameem Sharief, has participated and presented papers in the following

seminars and conferences:

“Impact of Foreign Direct Investment in India” in the National

Conference On BankingEconomic Development” at KCS Kasi Nadar

College Chennai during Sep-2014.

Articles Published

“Strategic Issues in Succession Planning” at RMK Vivekananda College

Chennai during Sep-2014.

Marketing Strategy Change in Service –Based World Implications And

Directions For Research.

“E-Banking Benefit and Challenges” in International Journal of

Commerce and Management during December-2014.

“Human Resources in Telecommunication Sector” In National Conference

in New Trends and Challenges in HR at Annai Violet College Chennai

during Jan 2015.

“A Study on Employees Motivation” in International Journal of Human

Resource on December 2014.

6

Dr. S. THOTHADRI, Assistant Professor

Dr. S. Thothadri has attended a National Conference on “Leveraging Business

through Technological Advancement” conducted by AnnaiVeilankanni’s College

for Women on 26th February 2015. He also Participated in the International

Conference on “Managing Globalization Trends and Challenges” conducted by the

MEASI Institute of Management on 27th February 2015. Attended a Workshop on

“Companies Act 2013” organised by the Institute of Company Secretaries of India

and Sir Theagaraya College.

Dr. J. SULAIMAN, Assistant Professor

Dr. J. Sulaiman has participated and presented papers in the following seminars

and conferences:

1. Presented a research paper at the UGC Sponsored national seminar on

‘Modern Trends and Development Strategies in Business’ held at Dhanraj

Baid Jain College (Autonomous), Chennai on 4th Jan 2014.

2. Participated in the ‘Consultation programme on SAARC youth Charter’

organized by Rajiv Gandhi National Institute of youth Development, Chennai

on 3rd to 4th Feb 2014.

3. Presented a research paper in the Entrepreneurship for the 21st Century 2nd

International conference on “Recent development in Marketing

Communication: Strategic Entrepreneurship & Green Marketing” held at

SRM university, Chennai on 27th February, 2014.

4. Presented a research paper in the International Conference on Entrepreneurship

& Management Fest Organized by the Department of Business Administration

in association with Ministry of Micro Small and Medium Enterprises -MSME

on ‘Recent Development in Marketing Communication Statistic

Entrepreneurship and Green Marketing’, held at SRM University, Chennai

on 27thand 28th February, 2014.

5. Participated in the One day Workshop on “Entrepreneurship for New

Entrepreneurs” held at The New College (Autonomous), Chennai on 5th

March, 2014.

7

6. Presented a research paper in the International conference on “Business

Intelligence& Innovation for Emerging Markets” held at Chellammal

Women’s College on 8th March 2014.

7. Presented a research paper at the National Conference on ‘Leveraging

Business through Technological Advancement’ held at Annai Veilankanni’s

College, Chennai on 26thFeb 2015.

Prof. A. MOHAMED YUNUS

Prof. A. Mohamed Yunus has submitted his Ph. D Thesis in University of

Madras on 24.12.2014. He also published an Article titled “Online Shopping – A

Focus on the Consumer Perceived Risk” at Kaveripakkam College Journal of

Management Research.

Prof. S. MOHAIDEEN BASHA

Prof. S. MohaideenBashahas presented a paper on “The Study of Employee

Engagement” at the International Symposium on Emerging Horizon in HRM on 26th

September 2014 at Ramakrishna Mission Vivekananda College.

Prof. B. AFROZ AHMED

Prof. B. Afroz Ahmed has attended a Research Colloquium organised by the

School of Social Services, Tamil Nadu Open University, Chennai held on 31st October

and 1st November 2014. He also attended a Workshop on Curriculum Designing and

Implementation for the Faculty of Business Studies conducted by JBAS College for

Women, on 8th January 2015. Also participated in a workshop on “Emerging Business

Opportunities and Leadership Challenges in the era of Globalization” conducted by

The New College on 4th February 2015.

Prof. N.O. AMEEN

Prof. N.O. Ameen participated in the Faculty Development Programme “Drone

14” organized by Ramakrishna Mission Vivekananda College. He attended an

International Conference on “Entrepreneurship & Management Fest” organized by

SRM University (Dept. of Business Administration). He also attended a Research

Colloquium organized by Tamil Nadu Open University (School of Social Science). He

8

participated in a One Day Workshop on “Emerging Business Opportunities and

Leadership Challenges in the Era of Globalization” Organized by The New College

(Dept. of Commerce). He published the following articles in various journals.

“Work Stress among Banking Professionals - A Case Study on Nationalized

Bank” during March 2014.

“A Study on Stress level of drivers in Logistics department with particular

reference to SICGIL India Limited” during June 2014.

Students of I Year M. Com and II Year M. Com attended one day coaching class

for NET & Competitive Examination on 14.02.2015. Dr. Nallathambi was the

resource person.

12 Students of I Year M.Com attended the one day workshop on “Companies Act

2013” organised jointly by Institute of Company Secretaries of India and Sir

Theagaraya College.

STUDENTS’ ACHIEVEMENTS

The students of our department have brought in many laurels, which add pride

and fame to our department.

F. Asiya Khilji, Ph.D Research Scholar of Dr. P.M.S. Abdul Gaffoor, has

participated in the 35th National Games held at Thrissur, Kerala from 6th January to

14th February and won the following Prizes:

1) Won Tamil Nadu Team Gold in Trap Shooting Women

2) Won Individual Bronze in Trap Shooting Women

3) Won Tamil Nadu Team Bronze in Double Trap Shooting Women

She was also called for Indian team selection trials from Jan 15th to 24th 2014 and

secured a place into Indian team

Mr. Mohamed Nawaz of I M. Com student needs special appreciation for

participation in various inter collegiate competitions and won several prizes. His list

of achievements for the Academic year 2014 -2015.

9

S. No Name of the college Name of the event Place Secured

1 Sri Ramachandra University Camera Rolling

Action

First

2 Sri Ramachandra University Info-Zap(Adzap) First

3 Sri Ramachandra University Overall Trophy Winner

4 Rotaract Club of Green galaxy

(Fanaa Season 5)

Adzap First

5 Oceanus Dual dance First

6 Oceanus Patta rap dance Second

7 Oceanus Mr. Oceanus First

8 Oceanus Adaptune dance First

9 Oceanus Overall trophy Winner 1

10 Cancer institute Voluntary Blood

Donation camp

Certificate of

Appreciation

11 S.D.N.B Vaishnav College for

Women

Variety Second

Mr. Mohamed Nawaz secured the highest number of reward points 7,800

in the Achievement Recognition Program (ARP). He was awarded the First Prize

for being the Best Achiever of the Commerce Department with the cash Prize of

Rs. 5,000/- sponsored by Dr. P.M.S. Abdul Gaffoor Head of the Department of

Commerce.

I Year B. Com (General) Students participated in the TECHOFES 2015

conducted by the CEG (College of Engineering, Guindy) and won prizes in the

following events:

Situational Acting

The following students of I year B. Com (General) won the 1st Prize in Situational

Acting

Mr. Mohammed Ghouse K

Mr. Mohammed Imran R

10

Variety Show

The following students of I year B. Com (General) won the 2nd Prize in Variety

Show.

Mr. Shabaz Khan

Mr. Syed Aqib A

Mr. Abu Backer

Mr. Mohammed Imam

Mr. Mohammed Ghouse K

Dual Acting

Mr. IMAM of I year B.Com (General) has secured 2nd Place in Dual Acting.

Students of I year B. Com (General) participated in variety show conducted by St.

Thomas & Guru Nanak College and won the I & II Prize:

I Prize: R Mohammed Imam&A Syed Aaqib

II Prize: R Mohammed Imam, K Mohammed Ghouse, Shabaz Khan, A Syed

Aaqib, M S Mohammed Abubakr and Sheik Shameem

AaquibFarook from II B.Com won 2nd prize in Fashion Show.

Mohammed Muzammil & Ishtiaque Ahmed J of III year. B.Com (General)

won the 3rd Prize in Business Quiz at Hindustan College of Arts & Science.

Mohammed Muzammil&Ishtiaque Ahmed J of III year B. Com (General) won

the 1stPrize in Business Quiz at D. G. Vaishnav College.

The following students of B. Com (General) won prizes in Inter Department

competitions conducted by Arabic department, The New College.

Abdul Jabbar. I - II Prize in QIRATH,

Abdul Jabber .I - III Prize in AZAAN,

Yousuff Ahmed .S - II Prize in ISLAMIC QUIZ

Yousuff Ahmed .S - I Prize in ISLAMIC ORATORICAL

The students of our department have been witnessing a creditable performance

in the field of Sports. They participated in various events and won several prizes

during the year.

11

NATIONAL CADET CORPS

Corporal K. Dayan Ahmed of II B. Com (General) was selected for 15 days

training at Army Attachment camp and won the First place in contingent drill. It was

held at Hyderabad by 1 Tamil Nadu Battalion N.C.C unit Head Quarters Madras ‘A’

Group on September 2014.

NATIONAL SERVICE SCHEME

Department of Commerce is proud to develop socially responsible citizens. The

Commerce Department students of N.S.S. have dedicated themselves by extending

social service to community whenever required. The students of B. Com (General)

were part of various camps conducted by N.S.S.

NSS orientation program for both shift I & II on 12th August 2014.

Blood donation camp & Eye screening camp on 24th September 2014.

Railway cleaning project on 2nd October 2014.

World Arthritis day rally on 12th October 2014.

Blood donation camp on 10th December 2014.

Tree plantation on10th December 2014.

YOUTH RED CROSS

Mr. G. Khaja Sharif, III year B.Com (General) won the “State Level Best YRC

Voluntary Award” from our HonourableVice Chancellor Dr. R. Thandavan,

University of Madras. The students of B. Com (General) were part of various events

conducted by Y R C.

Geneva Convention Day Competition from 1st to 5th August 2014.

YRC orientation in our college camps on 19th August 2014.

First aid training in Red Cross premises from 19th to 21st September 2014

Participated in the programme - G.Khaja Sharif, Sheik Shaffi Ali,Abdul

Rehman, Khaja Lal of III-B.Com

Blood donation on 24th September 2014.

District one day program on 25th September 2014.

Eye project [eye hospital Egmore] on 23rd to 29th September 2014.

National camp [Orissa] on 22nd to 27th November 2014.

State level best YRC voluntary for male on 6th January 2015.

12

ROTARACT CLUB

The students of B. Com (General) participated in the activities conducted by the

Rotary Club:

Orientation program on 3rd August 2014.

Group Rotaract meeting on 2ndAugust 2014.

Independence celebration on 15th August 2014.

District Rotaract assembly on 17thAugust 2014.

Teacher’s day celebration on 5th September 2014.

Children’s day celebration on 14thNovember 2014.

World largest human flag formation on 7th December 2014.

Campus Placement

17 Final year B.Com (General) students have been placed in Tata

Consultancy Services as Trainees. Abdul Azeez, Shameem Mohamed, Shafi Ahmed,

Mohamed Nawaz, Zia-ur-Rahman, Irfan Ahmed, Abdul Majid, Mohamed Ibrahim,

Naveed Ahamed, Mohthoo Rameshul Rahman, Kamaran Hussain, Mir Adil Ali,

Mohamed Shameel, Kafeel Ahamed, Parhanullah Khan, Yousuf Ahmed, Kaja Sherif.

Retirement of the HOD Dr. P.M.S. Abdul Gaffoor

Our Head of the Department Dr. P.M.S. Abdul Gaffoor attained superannuation

this academic year after serving in the college for more than three decades. He was an

important pillar of strength for both the department and the college. Staff Members of

Commerce department felicitated him.

Our Department conducted Dawood Khan Memorial Trophy in March 2015.

The trophy was awarded for events such as Adzap, Quiz and Oratorical on an inter

class basis in Commerce Department.

Place: Chennai Dr. P.M.S. Abdul Gaffoor

Date: 16.03.2015 Head of the Department of Commerce

13

“A STUDY ON WORK STRESS MANAGEMENT

AMONG EMPLOYEES OF BPO IN CHENNAI”

Prof. N.O. AMEEN

ABSTRACT

Work plays a powerful role in people’s life and exerts an important influence

on their better living. Since employment can be an exciting challenge for many

individuals, it can also be a great source of stress. The stress level is on the continuous

rise because of increasing competition and attempts at trying to keep pace with

advancement in one’s field, together with constant threat of falling short of one’s own

and those of others expectations. The objective of the study is to identify the sources

of job stress and to measure the level of job stress experienced by the employees and

suggestions to cope stress at work place. Descriptive research design is followed in

this study. The study is undertaken from various multinational companies particularly

BPO companies located in Chennai. The observations showed that there is no

significant association as regards gender and educational qualification with levels of

job stress. During the interaction, the respondents stated as organizations like BPOs

need to mobilize commitment amongst its employees and this needs to be done by

making them more aware of the process, involving them in decision making to find

the best way of accomplishing organizational objectives.

Key words: BPO, Employee, Job stress, Organizations, Working environment.

INTRODUCTION

Stress is a concept first introduced in the life sciences by Hans Selye in 1936.

Hans Selye defined stress as “the non-response of the body to any demand.” The term

stress is derive from a Latin word “Stringer” which means to draw tight. Stress has

probably been associated with man in every walk of his life (i.e.) from the time of his

birth till the last breath drawn. Stress is there to say in every socio-economic setting.

Stress can be produced by an apparently endless number of situations. It can be caused

by poor working relationships, by too much responsibility, by too little responsibility,

14

by frustration, by boredom, by too little money, by fear about the future, by change

that seems threatening, by new technology, by having too much to do and by having

too little to do.

Stress level can be identified by two factors:

Organizational factors-The elevated stress levels in the organization are

associated with raise in turnover, absenteeism, sickness, reduced productivity

and low self reliance.

Individual factors – At the personal level, work stressors leads to subjective,

cognitive, behavioral and physiological consequences.

Hence, although increasing the rewards of work can offset is stressful aspects, the

physical environment and psycho-social conditions of employment can have

detrimental effect on employee’s mental and physical well-being.

With the growing recognition of the ‘Human Relations Approach’ in the BPO, the

discomforts and dishonors associated with the work are apparently missing today, but

the intangible vulnerability and hazard in the shape of stress, strain and anxiety are

still ingrained in it. This hidden susceptibility which is more precarious and has been

covertly taking the toll on working people is the fallout of the worker and work

environment misfit.

STATEMENT OF THE PROBLEM

The emerging global economy is creating intense pressure for both employers

and employees to be more productive. In the process, companies are inventing new

jobs, introducing new technologies, cutting costs by downsizing and outsourcing and

in fact companies are expecting their employees to be more and more innovative and

productive. But the majority of employees are not trained to manage these additional

pressures, resulting in ‘stressed’ employees.

The stress scenario in the BPO industry has largely, remained unexplored. This

limitation is of serious concern especially in view of certain peculiar characteristics,

particularly tight time schedule, work overload and inherent risk attached to the BPO.

Besides, the BPO industry witnessed a significant growth recently. The sizable

increase in the volume of BPO business along with the inherent characteristics of the

job has given rise to a large-scale feeling has been on the continuous rise and has

impinged upon the performance of the BPO.

15

A look at the enormous changes taking place in our social, economic, legal and

political environment since the past two decades can easily lead us to believe that the

pressure to perform has gone up significantly in all spheres of life. Shrinking

opportunities, rising fierce competition, economic disparities and several other

mundane challenges have all contributed to a stressful life for all types of occupation

holders, and BPO employees are no exception of this.

REVIEW OF LITERATURE

Addae H.M., Parbooteah K.P. and Velinor N., (2008) “Role stressors and

organizational commitment: Public sector employment in St. Lucia”,International

Journal of Manpower, 26(6), 567-582 mentioned as Around threebillion people

globally are employed and face an incessant and challenging problemin the

organization called stress, which influences employee’s performance andefficiency.

Stress is defined as the corporeal and cognitive response to acutecircumstances.

According to Jungwee Park, ( December, 2007) “Work stress and

Jobperformance” Though simple identification of low- and high-strain jobs may be

important, the distinction between job control and psychological demands must be

retained because each category can have different effects on workers and their

organizations.

According to Medi Bank (August, 2008) “The Cost of Work Place in

Australia” The stress process originates with exposure to stressors. Stressors arethose

elements within an environment that cause stress and can be either physical

orpsychosocial. Physical stressors include physical elements within an

environmentsuch as loud noise or physically uncomfortable working conditions,

whereaspsychosocial stressors include pressures as tight deadlines or job insecurity.

According to Verna Blewett, (2006) University of Adelaide, “Job Stress

Causes, Impact and Interventions in The Health And Community Sector”,

inorder to develop a practical stress management program, Work Cover

iscommissioning a demonstration program to be undertaken in targeted health

andcommunity services workplaces. This program will be informed by the ‘job

stress’research project, an ongoing review of the literature, and consultation

withstakeholders and academics. As a primary intervention, the program will focus on

16

improving various work based factors as the key to preventing and

improvingmanagement of work related psychological injury.

According to Warraich Usman Ali (2014) “Impact of Stress on Job

Performance: An Empirical study of the Employees of Private Sector

Universities of Karachi, Pakistan” Stress is one of the burning issues

thatorganizations have to deal so that employees can comfortably produce quality

work.Stress causes an imbalance in one's life because it leads to depression and

thusdamages health, attitude and work behavior. Causes of stress are called

stressors,which can be workplace conflict, role conflict, role ambiguity and workload.

OBJECTIVES OF THE STUDY

To identify the sources of job stress

To measure the level of job stress experienced by the employees

To assess the effects of job stress on the employees

To establish association between demographic variables and the level of job

stress.

METHODOLOGY

This is a study on the employees working in the BPOs.

Research Design: Descriptive research design is followed in this study.

Sample size: A sample of 100 employees was randomly selected from BPO

organizations in Chennai viz., Vision Health Source (Perot Systems), Allsec

Technologies, ABN Ambro, Scope International (Standard Chartered), e-Serve

International (Citi group), EDS, Wipro Spectra mind and Accenture.

Sample Technique: Cluster sample technique has been used for collecting data.

Tools of Data Collection:

Primary data was collected through a structured, close-ended questionnaire

developed after the conduct of a pilot study.

Secondary data was collected from books, journals, magazines, articles and websites.

Framework of Analysis: Analysis of the data was done using various statistical tools

such as percentages, weighted average mean and chi square test.

17

LIMITATIONS

The study was limited to only work related stressors. Non-work stressors were

not considered as the research work would otherwise become too unwieldy.

This is not a longitudinal study. Data was only collected at one point of time

and it may vary when collected at another point of time. However, this

limitation is inherent in most quantitative studies.

ANALYSIS & INTERPRETATION

TABLE-1 Profile of the BPO Respondents

NAME OF VARIABLE CATEGORY Percentage

Gender 1)Male

2)Female

54

46

TOTAL 100

Age Group 1)25 yrs or less

2)26 – 40 yrs

3)41 – 55 yrs

4)Above 55 yrs

72

20

7

1

TOTAL 100

Marital Status 1)Single

2)Married

86

14

TOTAL 100

Educational Qualification 1)Diploma Holder

2)Graduate

3)Post Graduate

4)Professional

3

56

30

11

TOTAL 100

Work Experience 1)Less than 1 year

2)1 – 3 years

3)4 – 6 years

4)7 – 10 years

5)Above 10 years

27

58

14

1

0

TOTAL 100

Monthly Income (in Rs.) 1)Upto 10,000 61

18

2)10,001 – 20,000

3)20,001 – 30,000

4)30,001 – 40,000

5)Above 40,000

30

3

3

3

TOTAL 100

Shift Pattern 1)Day Shift Only

2)Night Shift Only

3)Day and Night Shifts

52

28

20

TOTAL 100

Thus, majority of the employees working in the BPO organizations are in the age

group of less than 25 years’, unmarried’ male and female ‘graduates, with ‘1-3 years’

of experience and earning up to Rs.10,000’ as basic monthly salary.

Profile of the BPO Respondents (fig-1)

GENDER

AGE GROUP

MARITAL STATUS

EDUCATIONAL QUALIFICATION

19

MONTHLY INCOME

Source: Primary data

TABLE-2 WEIGHTED AVERAGE MEAN REGARDING EFFECTS OF

JOB STRESS

Statement No. Statements Weighted

avg. mean

A1 I feel hurt very easily 2.07

A2 I get tensed easily 1.90

A3 I worry a lot when faced with problems 1.87

A4 I get nervous when I have to face difficult

situations

1.85

A5 I am hardly able to conceal my feelings 1.83

A6 I find it very difficult to concentrate on my

work

1.79

A7 I try to argue or fight for trivial matters 1.73

A8 I have often considered quitting my job 1.72

A9 I feel unhappy for no reason 1.71

A10 I get angry even for petty matters 1.68

A11 I take leave often 1.66

A12 I often feel like crying 1.65

A13 I am unable to go to sleep because of worry 1.61

20

The weighted average mean (WAM) score of 2.07 for Statement A1 is the

highest indicating that the employees are very sensitive and feel hurt easily when

faced with stressful situations. Thus, from the above Table it is very clear that the

most significant effect of job stress identified are ‘feeling hurt’ , ‘tension’, ‘worry’ and

‘nervousness’.

Chi-square test

TABLE-3 ASSOCIATION BETWEEN ‘STRESS LEVELS’ AND ‘MARITAL

STATUS’

Stress Level Marital Status Total

Single Married

Low 8 0 8

Moderate 56 5 61

High 22 9 31

Total 86 14 100

Value = 9.473 Degree of freedom = 2 Significance = 0.05

Ho: There is no significant association between the ‘levels of stresses and the

‘marital status’

The calculated value of 9.47 is greater than the table value at 5% level of

significance with a degree of freedom of 2. Therefore, the null hypothesis is rejected.

Therefore there is a significant association between the level of stress and marital

status.

TABLE-4 ASSOCIATION BETWEEN ‘STRESS LEVELS’ AND ‘MONTHLY

INCOME’

Stress

Level

Monthly Income (in Rs.) Total

Upto

10,000

10,001-

20,000

20,001-

30,000

30,001-

40,000

Above

40,000

Low 5 3 0 0 0 8

Moderate 37 21 1 0 2 61

High 19 6 2 3 1 31

Total 61 30 3 3 38 100

21

Value = 15.918 Degree of freedom = 8 Significance = 0.05

Ho: There is no significant association between the ‘levels of stresses and the

‘monthly income’

The calculated value of 15.918 is greater than the table value at 5% level of

significance with a degree of freedom of 8. Therefore, the null hypothesis is rejected.

Therefore there is a significant association between the level of income and level of

stress.

FINDINGS

The factors which constitute stress have been identified from the analysis in

their order of importance as ‘job constraints, feeling of insecurity and inequity,

organizational climate and support from superiors, job requirement and capability

mismatch, irregular work timings. Working in multinational organizations such as

BPO affects the employees’ physical health in many ways. The employees experience

headache, backache, hair loss, shoulder pain, neck pain, eye sight problems, and

weight loss/gain and digestion problem etc. According analysis it is found that there is

no significant association as regards gender and educational qualification with levels

of job stress whereas significant association was established as regards age, marital

status work experience, monthly income and shift pattern with levels of job stress.

SUGGESTIONS

Organizations need to bring about a change in the way they work and handle

their employees according to the situation. Organizations like BPOs need to mobilize

commitment amongst its employees. This needs to be done by making them more

aware of the process, involving them in decision making to find the best way of

accomplishing organizational objectives. Decisions should not be always forced on

them. Surveys can be designed to capture employee’s voice and opinion on

organization culture and environment and whether conditions are conductive to

positive work culture, or create pressure. Setting up counseling departments or

arranging regular visits of counselors can help employees voice their problems and get

appropriate guidance. The employees should try to take regular breaks away from

22

work. Almost all organizations today have annual leave plans for their employees to

take time off from work and go for long relaxing vacations. Today, organizations have

realized that stress is preventable. It is the employer’s duty to provide safe conditions

of work. Organizations which have a reputation for not respecting employees or

failing to address the issue of employees’ mental health will be unlikely to attract the

most talented recruits or retain their best talent for long.

‘Health is wealth. The more one takes care of it, the better will be life’.

CONCLUSION:

Jobs in BPOs look very attract. A home pick-up and drop facility, food,

medical benefits, high salary, high society – all look lucrative. However, life is not

that easy and comfortable for BPO employees today. Every job creates a certain

amount of pressure. However, relentless pressure over long period of time can cause

physical and/or mental illness.

There can be many causes for stress-caused mental illness, the major ones being

pressure to balance work and home obligations; job insecurity and increasing

complexity; continuously changing and challenging work environments; need to

perform at peak levels with diminishing resources; unbearable pressure created by

phone calls, e-mails, reminders for a meeting or information; long hours of work, or

inflexible working arrangements, leading to breakdown of social or domestic life;

inappropriate management style, situations where employees are admonished in public

or treated harshly.

Organizations need to set up a system that can help the management identify/

indicate that employees are performing under pressure. High absenteeism, sickness,

high staff turnover and low morale re indicative of high pressure conditions prevailing

in the BPOs. These are the symptoms that need to be looked into and remedied

quickly. Stress dogs their footsteps. Burnout is common.

23

REFERENCES

[1] Addae H.M., Parbooteah K.P. and Velinor N., (2008) “Role stressors and

organizational Commitment Public sector employment in St. Lucia”, International

Journal of Manpower, 26(6), 567-582

[2] Jungwee Park, (December, 2007) “Work stress and Job performance”

[3] Medi Bank (August, 2008) “The Cost of Work Place in Australia”

[4] Rita Agawam, (2008) “Stress in life and at work”, New Delhi, Response Books,

[5] Peptone D.M., (2009). “Stress and Coping – The Indian Experience”, New Delhi,

Sage Publications India Pvt. Ltd.,

[6] Dray Parsec, (2009). “Marking Organizational Role Effective”, New Delhi, Tata

McGraw Hill Publications,

[7] Peptone. D.M., (2009) “Organizational Role Stress and Coping”, New Delhi,

Sage Publications India Put Ltd.,

[8] Normal Singh, (2010) “Management Organizational Behavior”, New Delhi,

Pragmatic Publications,

[9] Fred Lufthansa, (2011) “Organizational Behavior”, New Delhi, Tata McGraw

Hill Publications,

[10] Vera Pfeiffer, (2011). “Stress Management”, London, Torsions,

[11] Jennifer M. George and Gareth R. Jones, (2012). “Understanding and

Managing Organizational Behavior”, Wesley Massachusetts Addison,

[12] Stephen Robinson, (2012) “Organizational Behavior”, New Delhi, Pearson

Education,

[13] Verna Blewett, (2006) University of Adelaide, “Job Stress Causes, Impact and

Interventions in the Health and Community Sector”

[14] Warraich Usman Ali (2014) “Impact of Stress on Job Performance: An

Empirical study Of the Employees of Private Sector Universities of Karachi, Pakistan”

24

TRANSFORMATIONAL LEADERSHIP

K IMRAN BASHA

I-M.Com (G)

14PCO1209

Introduction

Leadership is about raising the aspirations of followers and enthusing people

with a desire to reach for the stars. For centuries we have been debating whether

leaders are born or made. Finally it turns out to be a little of both. Leaders are sort of

born and they're always made. Leaders are scarce especially those that can transform

the existing order, but individuals can develop the skill sets to function as a

transformational leader. In our country Transformational leadership is very short in

supply in every field like Government, Business, Education, Law and nonprofit

organizations.

The success of an organization is the result of combination of factors like

financial, material and technological resources, logistics, and human capital. These

factors are put together to achieve the desired goals consistent with the corporate

mission. In this context, firms are in constant seeking of the best individuals who will

lead and carry out this journey to success. These individuals are expected to have

special characteristics that ensure that their actions will turn out into positive results

for the organization. These extraordinary individuals are the leaders.

Need for Transformational Leadership

A leader should guide others towards a common goal, showing the way by

example, and creating an environment in which other members feel actively involved

in the entire process. A leader is not the boss of the team but, instead, the person that

is committed to carrying out the mission of the venture. A Transformational leader

creates significant change in the life of people and organizations. It redesigns

perceptions and values, changes expectations and aspirations of employees. Unlike in

the transactional style, it is not based on a “give and take” relationship, but on the

leader's personality, traits and ability to make a change through vision and goals.

25

The very essence of transformational leadership is that it creates valuable and

positive change in the followers. A transformational leader focuses on “transforming”

others to help each other, to look out for each other, to be encouraging and

harmonious, and to look out for the organization as a whole.

Components of Transformational Leadership

Transformational leadership is not a quality that only a few privileged

individuals possess. Managers can learn how to become more transformational with

significant positive implications for their organizations. There are two primary

methods for transformational leadership training: (a) individual coaching sessions and

(b) workshops. To become a great transformational leader, one must build on four

core strengths. These are:

1. Intellectual Stimulation: Transformational leaders not only challenge the

status quo, they also encourage creativity among followers. The leader

encourages followers to explore new ways of doing things and new

opportunities to learn.

2. Individualized Consideration: Transformational leadership also involves

offering support and encouragement to individual followers. In order to foster

supportive relationships, transformational leaders keep lines of communication

open so that followers feel free to share ideas.

3. Inspirational Motivation: Transformational leaders have a clear vision that

they are able to articulate to followers. These leaders are also able to help

followers experience the same passion and motivation to fulfill these goals.

4. Idealized Influence: The transformational leader serves as a role model for

followers. Because followers trust and respect the leader, they emulate the

leader and internalize his or her ideals.

5. Transformational Leadership: It starts with the development of a vision. It is

about implementing new ideas. A Transformational leader has to raise the

confidence of followers. He should make them understand that tough times are

part of life and that they will come out better at the end of it. These

individuals continually change themselves, stay flexible, adaptable; and

26

continually improve those around them. Transformational leadership can be

applied in one-to-one or group situations. Using this approach, the leader and

the associates are “transformed” to enhance job performance and help the

organization be more productive and successful.

Conclusion

Transformational leadership is a vital role for effective managers because

leader effectiveness determines the success level of the organization. This form of

leadership goes beyond traditional forms of transactional leadership that emphasized

corrective action, mutual exchanges and rewards only when performance expectations

were met. Strong leadership in adverse times helps to win the trust of the stakeholders.

These leaders develop followers by creating a direction for them to follow, yet giving

them the freedom to control their own behavior. They are charismatic, visionary,

inspirational, and intellectually stimulating. Transformational leadership is the product

of an individual’s approach to the job of leading and any leader can alter their

approach and have a fresh impact on those leads.

27

WORK LIFE BALANCE

K PRABHU

I- M.Com (G)

14PCO1231

Introduction

Globalization of the world economy and rapid changes in technology has

resulted in a shift in the way businesses operate. Organizations require a highly

knowledgeable and multi skilled workforce. The growing competition due to the

globalization is adding fuel to the fire. Work related pressures and demands have been

consuming far too much of time of the employees leaving them with no time for

family and leisure. The term work-life-balance has been gaining importance among

employees and managers at an unprecedented rate. As a result, Work-life balance has

become one of the most important agenda of many organizations as well as a top

priority for workers. A global research study indicates that 81% of Executives agreed

that their jobs are affecting their health. Blue collar workers under stress respond with

workplace violence, alcoholism, absenteeism etc.

Working for longer hours has become way of life for many people. Working

extra hours can sometimes result in missing out important family events and important

milestones that would usually demand personal presence. It is not an easy task to

juggle with the pressing needs of both career and personal life. Work-life balance is a

broad concept including proper prioritizing between career and ambition on one hand,

compared with pleasure, leisure, family and spiritual development on the other. It is

useful for everybody who has home and work commitments. It is very clear that an

individual need to separate work and home life. Introducing appropriate employment

practices to help employees achieve a better work-life balance brings tangible benefits

to business. It enables the employees to feel more in control of their working life.

Work life balance is defined as “the conflict between the demands of work and

the demands of personal life”. When either side becomes unbalanced for extended

periods of time, the effect is likely to manifest in unhealthy symptoms like fatigue,

stress, depression etc., Work life balance is about introducing flexibility in the

workplace that takes account for the diverse needs of employees at the various stages

28

in the lives. Introducing a work life balance policies in the interest of the employers as

it pays dividends in terms of motivation, which can flow through to the bottom line.

Striking an appropriate balance between one’s personal and professional lives is a bit

of an art and science too. There are several practices which a company can put in

practice in order to help their employees to achieve a better work life balance.

1. Flexible Timing: Under this option, an employee must be allowed to choose a

slot for work which is convenient to him within certain limits.

2. Compensation Time: Whenever an employee works overtime he should be

given the option to take an equivalent time off on another day of his choice as

compensation for the extra work done.

3. Job sharing: Job sharing is a particular type of collective part-time

arrangement, where an individual can be assured that the job is being carried

out properly by someone else when they are not working.

4. Term-time working: It is a family-friendly policy, and which is suitable for

more people than teachers. Many people take their holidays, or unpaid leave, or

flex strategic absences around school holidays. It has benefits for both

employers and employees to formalise arrangements.

5. Home-based working: People having a lot of domestic responsibilities have

many advantages in home based working.It is highly impossible to work

effectively and taking care for children simultaneously. But home based

working can make the organisation and management of childcare much easier

and less stressful. Home based working combined with time-based flexibility

can ensure that an employee is always equipped to get on with some work.

6. Telecommuting: It is one of the modern ways to effectively and efficiently

communicate from one’s home to the work place. Telecommuting helps to

decrease employee turnover. Employees become more loyal to the organisation

by this facility.

Benefits of Work Life Balance

Introducing a flexible employment practices will improve to achieve a better

work life balance and brings real benefits to the business. Research study indicates

that a good work life balance offers various benefits to the management as well as

employees.

29

To the Management:

Lower Staff turnover

Achieve higher targets

Reduction in short term absence and sickness

Reduction in stress related absence

Loyalty and commitment

Greater sense of Responsibility and ownership

Better relations between management and staff

Increased customer service and satisfaction

Positive changes in culture and attitude

Reduced recruitment costs

Reduced induction and training costs

Reduced overtime costs

To the Employees:

A good work life balance helps employees to:

Reduce their stress

Improve their quality of their work

Improve their morale

Improve their health, self esteem and concentration

Reduce in sickness absence

Conclusion

Work-life balance is about good management practice and sound business

sense. Work life balance is the responsibility of the both the organizations and the

employee. Both should understand the essence of the programme and should use them

to derive the maximum benefit. A well-implemented work-life strategy greatly

reduces both the real and perceived overwork and out-of-balance pressures that

hamper productivity, producing a dramatic positive return on investment.

Organizations which adopt initiatives to help their employees to achieve a better

balance between work and life will be able to attract and retain talented employees.

Good work-life balance initiatives can result in ‘win-win’ benefits to business as well

as to the employees.

30

PERFORMANCE MANAGEMENT SYSTEM

S MOHAMMED SHAKIL AHAMED

I-M.Com (G)

14PCO1225

Introduction

The concept of Performance Management System has been gaining importance

in recent years. The 21st century businesses are operating in the knowledge age.

Employees are the creators of a successful organisation. Businesses across the world

are recognizing the fact that employees are an organization’s invaluable asset.

Managing knowledge and knowledge workers is the most challenging job for an

organisation. In order to succeed in today’s competitive world, the organisation should

help its employees to achieve high performance. Organizations find it difficult to

attract and retain talented employees.

Need for Performance Management

In today’s business environment organizations are facing a stiff competition.

As the intensity of competition increases, the need for the organisation to continuously

improve their performance also increases. To overcome the competitive pressures,

organizations are trying their best to achieve an effective performance management

system. Performance Management is a process of setting objectives and identifying

goals of the organisation. The ultimate aim of performance management is to update

the managers with required training and skills for the employees of their

organizations. Companies need to continuously and constantly take initiatives for

improving the levels of performance of their employees. The objective of performance

management is to ensure that organizations link performance plans to its strategic

goals.

Performance management is about good management ensuring that the

organisation, individual and team goals are achieved. It helps to:

prioritise what gets done

motivate and manage staff

identify and rectify poor performance at an early stage

learn from past performance and improve future performance

31

Performance management is the process by which organizations set goals,

determine standards, assign and evaluate work, and distribute rewards. It aims to

improve the performance of the employees with the help of a broad set of activities. It

also provides regular feedback to the employees, appraisal and then evaluate them. It

is a continuous process spread throughout the year. The individual employee’s

weaknesses, training needs, feedback and concerns are addressed. It helps to motivate

and improve the performance of the individuals and the organization. This approach is

a combination of both development and rewards.

An effective performance management system comprises employee

development, training, cross training, challenging assignments and regular

performance feedback. An organisation has to take the following steps in order to

enhance the performance of the employees.

1. To create an environment that motivates employees to contribute their best to

the organisation

2. To provide developmental opportunities to employees to enhance competencies

3. To provide feedback to the employees about the positive and negative aspects

of job performance

4. To help to overcome the deficiencies in order to improve the effectiveness

Organizations should clearly lay down the procedures in planning the

performance and then make the employee perform, review it periodically and finally

apply mid-course corrections. Only then the Performance management system shall

achieve its intended objective. Performance management is an essential business

system that directly impacts a company’s bottom line. It is a boon for the

enhancement of efficiency, skills and motivation of employees as well as employers.

Components of Performance Management System

The performance management system must have the following components.

Goal Setting: It is the foundation for performance management system. Goals must

be specific, measurable, time bound. The manager and the employee should negotiate

what has to be accomplished before next review. The organisation has to set realistic

targets that are in line with organizational goals. This will motivate the employees for

better performance.

32

Regular Reviews: Employees need a periodic feedback in order to tune their

performance. It is the duty of the employer to communicate the employees’

performance at regular intervals. The employer should inform about the progress

made by the employee. This will help the employees to take corrective action at right

time. Effective performance feedback makes employees aware of their strengths and

weaknesses. Praising good performance can improve employees’ satisfaction and

enhance their involvement in identifying areas for improvement.

Annual Appraisal: The performance appraisal process is a vital part of the overall

performance management system. The organisation has to ensure a proper balance

between evaluation of employee’s performance and the compensation package. It

motivates the employees to attain personal and organizational goals.

Development Process: The organisation has to ensure a sound training and

development policy in their business plan. It has to design a development process for

the individuals in order to overcome the deficiencies as well as areas of improvement.

The development process should include all the competencies that are required to take

up new challenges.

Reward Systems: A reward is recognition for individual’s contribution for the growth

of the organisation. It is essential for every organisation to reward their employees for

a job that is well done. Reward system helps to increase the morale of the employees.

Rewards can be in both monetary and non-monetary. The performance management

system and the culture of the organisation are reflected through the reward system.

Performance management is a broader term than performance appraisal.

Organizations are moving towards year round performance in place of annual

performance reviews. It includes all the activities involving human performance in

organizations. This helps to increase the communication between the manager and the

employees. It also helps the managers to maintain a record of the performance of the

employees. Performance appraisal is one of the key components of performance

management.

33

Benefits of PMS

Performance Management system is a tool for getting better results by aligning

individual performances with vision, mission and objectives of the organisation. The

key benefits of Performance Management Systems are:

Focuses on results, rather than behaviors and activities

Aligns organizational activities and processes to the goals of the organization

Cultivates a long-term view of the organization.

Produces meaningful measurements

Helps to ensure equitable treatment of employees because appraisals are based

on results

Optimizes operations in the organization because goals and results are more

closely aligned

Cultivates a change in perspective from activities to results

Conclusion

Performance Management System is the heart of any ‘people management’

process in organization. Performance Management is used to improve team

performance based on the principles of measurement, appraisal, action and

monitoring. It plays a vital role in employee motivation, which has a direct bearing on

employee performance and employee retention. It is a cyclical process aimed at

improving performance. Effective performance management relies on systems and

people working together to make sure the right things happen. Performance

management is one such way of improving performance at work. Performance

Management System is the key to the success of any organisation.

34

PAYPAL

S SYED MEERAN

I-M.Com (G)

14PC01235

Introduction

PayPal was initiated in the year 1998 by Max Levchin and Peter Thiel. They

decided to develop a secured software system to allow electronic transfer of payments.

Later Nokia Ventures, Deutsche Bank and other leading banks started funding to their

projects. In 2002, PayPal became a wholly owned subsidiary of eBay.

PayPal is an online service that allows individuals as well as business people to

exchange currency over the internet. It serves as an alternative to traditional paper

methods such as cheques and money orders. PayPal allows customers to shop online

without sharing their financial information with merchants.

The following are essential to become a PayPal Account holder:

1. Should be 18 years and above

2. Must possess a valid Debit or Credit Card or a Bank Account in his / her name

3. An valid e-mail address

Types of PayPal Accounts: PayPal offers three different types of Accounts. They are:

1. Personal Accounts

2. Premier Accounts

3. Business Accounts

Personal Account: This account is ideal for online shopping. Account holders can

send and receive payments through PayPal’s secure network. This account can’t

accept debit or credit card payments.

Premier Account: This account can be registered with a business, group or individual.

It is perfect for members who have a high transaction volume of buying and selling on

websites. It accepts all types of payment. A nominal amount of fees will be charged.

Business Account: This account is suitable for online business. Business Account

must be registered with a business or group name. It accepts unlimited debit or credit

card payments. Nominal fees will be levied.

35

PayPal allows account holders to issue electronic cheques to individuals. All accounts

have access to PayPal’s core features which include:

Send money

Request money

Website payments

Auction

E mail customer service

Benefits of PayPal

Faster and Easier: PayPal allows transfer of money from one person to another

immediately.

Global Acceptance: PayPal is accepted globally and payments can be made locally

and internationally.

Trusted: PayPal has designed many checks and balances into its system to keep errors

and fraud to a bare minimum.

Cost effective: PayPal is affordable for individuals and businesses of all sizes.

Disadvantages

Customer must give personal information to an unknown organization.

Most common problem encountered by PayPal users is the sudden and

inexplicable freezing of their accounts.

Little flexibility with product options.

Little customization of the payment or shopping cart pages

Updating product listings and prices are tedious

Conclusion

PayPal is an integral part in the success of e-commerce because not only are

consumers able to search for items on the Internet, but people are also allowed to buy

and sell the items electronically, as well. PayPal has allowed the marketplace to grow

and expand in ways that the traditional marketplace could never have dreamed

possible. Nowadays where cyber fraud is so prevalent, PayPal seems like a good

option, according to the majority of people using PayPal. PayPal is regarded as one of

the safest way of transferring money on the internet.

36

E-STAMPING

R FARMAAN AHMED

I-M.Com (G)

14PCO1209

Introduction

Stamp duty is paid on all the transaction that needs to be registered. Purchasing

stamp papers is the process of paying duties on various Instruments created for the

purpose of creating a right or liability. After losing a lot of revenue through the

circulation of fake stamp papers and thereby learning a lesson, the Government finds a

new way to curb the loss in the revenue. The infamous Telgi stamp paper scam and an

increase in forged registration of documents have paved the way for e-stamping. In

order to curb corruption, fake stamp papers, forged registration and shortage of stamp

papers, the Government of India has introduced the electronic stamping facility. E-

stamping is a computer based application and a secured electronic way of stamping

documents. It’s an electronic way of paying stamp duty to the Government.

The Central Government has appointed Stock Holding Corporation of India

Limited (SCHIL) to act as a Central Record Keeping Agency to oversee the e-

stamping project in collaboration with Singapore-based CrimsonLogic. SHCIL has

been promoted by All India Public Financial Institutions and Insurance majors.

SHCIL is known for its security, integrity, wide network and focus on technology.

Central Record Keeping Agency is responsible for user registration, imprest balance

administration and overall E-Stamping application operations and maintenance. In e-

stamping, documents can be purchased from the Stock Holding Corporation of India

either by cash or demand draft or online transfer of funds. Each e-stamping paper will

have a unique tamper proof identification number, 2D bar code, an optical water mark

and a locking system to avoid duplication.

Features of E-stamping

1. On-line Stamp Duty Certificate can be generated within minutes

2. Stamp Certificate generated is tamper proof

3. It is a secured electronic payment gateway to the Government

37

4. Authenticity of the Certificate can be checked through its inquiry module.

5. Stamp Certificate generated has a Unique Identification Number

6. Specific denomination is not required.

How Payments can be made?

Central Record keeping Agency will appoint AuthorizedCollectionCenters and

Travelling Vendors who will issue Certificates to the clients at their counters. Only

scheduled banks and post offices can become the authorized collection centre. The

users can make the payment of stamp duty either through internet or through

Authorized Collection Centres. The users can either enter details in the format

available on the website after registering themselves. Both individuals and authorized

collection centre’s can access the main server through internet. The Sub- Registrar’s

office and the Finance department will also link to the main sever.

The system will generate a Unique Identification Number along with the details

of the transactions which will be printed. The stamp certificate should be attached to

the document and submitted to the Sub-Registrar’s office. Sub-Registrar can verify the

payment from the system and proceed with the registration. The system involves

interaction by six entities. They are:

the client who purchases the stamp paper

the Authorized Collection Centers that collect stamp duty and issue the stamp

certificate

the e-stamping server that permits the issuance of stamp certificates

the payment gateway that facilitates payment of stamp duty

sub-registrar who locks the stamp duty paid in respect of transactions to be

registered

The government that is the ultimate beneficiary of stamp duty.

Benefits of E- Stamping

1. Immediate processing: Under e- stamping computation of duty, issue of

certificate of stamp duty and submissions are processed in real-time via the

Internet. The client need not wait in queues for longer period for processing.

38

2. 24 X 7 Facility: E-stamping can be done round the clock. The client is not

constrained by the Government's / banking working hours.

3. Easy accessibility: The user can make stamp duty payment from any location

at any time. In order to make payment, the user needs a computer with Internet

access and a Printer.

4. Security: The transaction will be protected by the-state-of-the-art security

technologies such as Secured Socket Layer (SSL) and encryption technology.

Hence the users will be assured of the privacy of their information. Once the

stamp duty is committed for a particular transaction, the system will prevent

the client from making a double payment for the same transaction.

5. Cost-savings: The e-stamping system is a win-win situation for both the

Government and the client. The total cost incurred by the Government for

printing, storing, controlling, distributing and commissioning the vendors for

the sale of stamp papers will be high. With e-stamping, Government will save

the entire amount barring the commission payable to the SHCI. For the users, it

eliminates the waiting period, transport cost, physical movement of documents

and the risk of losing payments will be avoided.

6. User-friendly: E-stamping is designed as a user-friendly graphical interface. It

allows the users to enter or amend any information before submitting it to the

e-stamping system.

Conclusion

The Government’s decision to introduce e-stamping throughout the country is a

welcome note for the general public. The Department of Stamps and Registration is

the highest revenue generating department for the Governments. It is estimated that

annual average purchase of stamp paper would be around Rs. 30,000 to 40,000 crores.

E-Stamping enables the Government to collect the revenue from the sale of stamp

papers quickly. This new system enables the Government to get the credit of funds on

the very next day. No doubt, e- stamping system will not only prevent frauds and

duplication but it also result in cost saving to the States on mailing and handling of

stamp papers.

39

BUSINESS INTELLIGENCE

K MOHAMMED HAMZA

I-M.Com (G)

14PCO1224

Introduction

Information is the lifeblood of companies. The effective use of information and

information technology can be one of the most effective ways to gain a competitive

advantage. Business Intelligence is the art of gaining business advantage from data. It

is a tool that gives the right information to the right people at the right time. The

information provided by Business Intelligence is timely, accurate, and meaningful.

Managers rely on this information for analysis, decision making and planning.

Business intelligence is the process of gathering information in the field of

business. It is a broad category of application programs and technologies for

gathering, storing, analyzing, and providing access to data to help enterprise users

make better business decisions.

The purpose of Business Intelligence is not simply to answer the common

questions, but also answers the questions which one would have never thought.

Business Intelligence is used by the industries to identify cost cutting ideas,

uncover new business opportunities, Enterprise Resource Planning (ERP) data into

accessible reports, react quickly to retail demand and optimize prices.

Advantages of Business Intelligence

Business intelligence systems allow organisations to improve their business

performance by leveraging information about customers, suppliers and internal

business operations. The other advantages are:

High responsiveness of the company to the needs of its customers

Recognition of customer needs

Ability to act on market changes

Cost effectiveness

Optimization of operations

Best possible utilization of resources

40

Business Intelligence systems helps to extract data from many sources, such as

Customer Relationship Management (CRM), Supply Chain Management (SCM),

Enterprise Resource Planning (ERP) systems and other applications. It also helps to

centralize, organize, and standardize information in repositories.

APPLICATIONS OF BUSINESS INTELLIGENCE

The application of Business Intelligence for decision-making varies among

organizations.

Telecommunication: Business Intelligence provides information to end-users about

performance measurements like profitability, availability, usage, sales and lifetime

value. This information helps to track key performance measurements. It also helps to

identify and mitigate fraud.

Financial Institutions: Business Intelligence helps financial institutions to manage

risk, detect fraud, leverage customer insights, and gain visibility into their

profitability.

Banks: Business Intelligence helps bankers to identify the customers who are likely to

transfer their account to other banks.

Delivery Service: Business Intelligence helps to predict which vehicles are most

likely to break down.

Retailers: Business Intelligence system helps retailers to run comprehensive

Customer Relationship Management analysis to determine on-the-spot deals which

will boost revenues to them.

Credit Card Companies: Business Intelligence system helps credit card companies

to detect and handle fraud as soon as it happens. It also helps to reveal new fraud

patterns and helps to apply rules to eliminate them.

E–Businesses: Business Intelligence helps E-businesses to determine the shortest way

to purchase their products through click stream analysis.

Other Business Intelligence applications are:

Data Mining

Decision Support System

Business activity monitoring

41

Business performance management

End –user query and reporting

Business Process Re-engineering

Executive Information Systems

Supply Chain Management

Enterprise Management Systems

Finance and Budget tools

Customer Relationship Management

Marketing tools

Human Resource

FUTURE OF BUSINESS INTELLIGENCE

In a fast changing world, people are demanding more and more efficient

service from businesses. In order to stay competitive and to meet the expectations of

the people, companies will have to rely heavily on their business intelligence systems.

Business Intelligence has reached a new level of importance for decision makers.

CONCLUSION

Business Intelligence has become essential in most of the organizations. It is

not constrained to individual departments in organizations, but also viewed as

essential at the corporate level. Business Intelligence applications will enhance

communication among departments, coordinate activities, and enable companies to

respond more quickly to changes. Business Intelligence system helps managers to

understand the position of their firm in comparison to its competitors. Successful

implementation of Business Intelligence system will help organizations to reduce

costs, plan inventory, identify sales and marketing opportunities and finally increase

revenues.

42

DIGITAL LIBRARY

K MUHAMMED LASIM

I-M.Com (G)

14PCO1229

Introduction:

A Digital Library is a library in which a significant proportion of the resources are

available in machine – readable format accessible by means of computers. It is a large

database for people who work in hypertext environment. It is an environment which

supports full life cycle of:

Creation

Storage

Preservation and Dissemination

Use of data, information and knowledge

A digital library is a collection of information with associated services stored in

digital format and accessible through a network. Digital Libraries can immediately

adopt innovations in technology providing users with improvements in electronic and

audio book technology.

Digital Libraries play an important social role in forming and strengthening

communities of people. Many fields contribute to the development of personalization

in the area of digital libraries. These include information retrieval, human computer

interaction, computer supported collaborative work, machine learning user modeling

and information science etc.

Most digital libraries provide a search interface which allows resources to be

found. Digital Libraries are the only solution to the problem of pages disappearing

from library books.

Characteristic of Digital Library:

Gains access to the worth of libraries worldwide through mechanical

catalogues.

Locates both physical and digitize versions of scholarly articles.

Requires both the skills of librarians as well as computer scientist to be viable.

43

Incorporates learning as well as access.

Have collections which are large, well organized and which persist over time.

Advantages of Digital Library:

Large storage area

No physical boundary

Round the clock availability

Multiple accesses

Structured approach

Information retrieval

Preservation and conservation

Less maintenance cost

Provides link to other Digital Libraries

Integrates Resources

Flexible organization of information

Disadvantages:

Difficulty in reading through computer screens.

Depends on electricity

Digital libraries cannot reproduce the environment of traditional library.

Hampered by copy right law

Conclusion:

Digital libraries are rapidly growing in popularity with continued

improvements in presentation technologies and business models. Though digital

libraries are extremely convenient and space saving, it is ultimately the individual who

has to take the imitative and read.

44

HUMAN RESOURCE INFORMATION SYSTEMS

E ADIL

I-M.Com (G)

14PCO1204

Introduction:

Human Resources Information Systems is an integration of Human Resource

Management and Information Systems. It helps HR managers to perform various HR

functions in a more effective and efficient manner. Human Resource Information

System is a software solution used to acquire, store, manipulate, analyze, retrieve, and

distribute pertinent information regarding an organization's human resources. In

simple words, HRIS is the systematic way of storing data and information for each

individual employee to aid planning decision making, and submitting of reports /

returns to the external agencies.

Definition

Human Resource Information System is a set of inter related components

working together to collect, process and store information to support HR decision

making, coordination and control in an organization.

HRIS is capable of identifying and tracking tasks such as contacts with

applicants, maintain essential data on the status of each employee in the company, and

in general make the process of human resources management much easier to maintain.

The attractive aspect of the HRIS is the ease of customization. It is possible to make

the system as comprehensive as the employer desires. This is accomplished by

identifying and adding specific modules to the system and activating features

associated with each module. For example, if the HRIS System needs to keep track of

training functions for new hires and current employees, the planning software module

makes it possible to plan the overall training program and also keep track of who has

participated and successfully completed each section of the program.

The Human Resource Information Systems provides the following:

Employee information.

Reporting and analysis of employee information.

Employee handbooks

45

Safety guidelines

Benefits administration including enrollment, status changes

Personal information updating

Complete integration with payroll and other company financial software and

accounting systems

Applicant and resume management.

Besides, it helps to track the following information:

Personal Records,

Recruitment and Selection

Employment Equity

Salary Administration

Pension Administration

Employee relations

Benefits

Compensation

Training and Development

Human Resource Planning

Health and Safety

Medical Records

Disciplinary action Taken,

Management and key employee succession plans,

High potential employee identification

HRIS is capable of handling all types of Human Resource functions. The

capabilities begin with the hiring process, making it easy to track applicants from the

submission of the initial application all the way through the offer of employment.

When it comes to employee reporting, HRIS can maintain information on employee

evaluations, requests for transfer to a different department, or an in house application

for a promotion. These types of reporting capabilities make it possible for a user of the

HRIS System to access and review a complete history of a given employee from the

time of application through all promotions, evaluations, and wage increases. The

system can even be used to identify productivity awards issued to the employee, as

46

well as any bonuses that may be due the employee as a result of participation in a

merit program.

Human Resources Information System provides a broad range of functions that

enables the HR managers to perform standard reporting from all Human Resource

areas. In addition, it helps to define the reports quickly and efficiently. Human

Resources Information System consists of the HIS and Ad Hoc Query components.

Each of these components includes functions that meet specific reporting requirements

by giving first priority to swift report access.

HIS

HIS is the fastest way to perform reporting for HR data. A special method of

accessing reports is employed. A graphical display enables to select the object to be

reported on. Then the reporting is started without entering data in a selection screen.

These settings are made in HIS by the system itself. The system uses a standard

setting.

HR Ad Hoc Query

Ad Hoc Query is a reporting tool that was specially developed for Human

Resources Management. It is intended for reporting requirements that are not met by

standard reports. Ad Hoc Query enables to perform reporting right down to the info

type field level. Reports defined using Ad Hoc Query can be saved, which means they

are reusable. Ad Hoc Query serves a dual function. It can be used to quickly define

and execute very specific reports.

The potential advantages of HRIS are:

Faster information processing,

Greater information accuracy,

Improved planning and programme development, and

Ease in classifying and reclassifying data

Enhanced employee communication

Less time spent on administrative processes

More transparency in the system

47

Reduction in duplication of efforts leading to reduced cost.

Improved quality of reports

Better work culture.

Better analysis leading to more effective decision making

There are certain barriers to the success of an HRIS:

Lack of management commitment

Failure to include key people

Politics / hidden agendas

Lack of communication

Applications of HRIS

HRIS can be applied in the following areas of HRM like HR planning ,

Succession planning, Work force planning, Work force dynamics analysis, Staffing,

Applicant recruitment and tracking, Employee data base development, Performance

management, Learning and development, Compensation and benefits , Pay roll, Job

evaluation Salary survey, Salary planning, International compensation Benefits

management, Develop innovative Organization Structure, Develop IT.

Conclusion

HRIS would reduce HR costs by automating information and reducing the need

for large numbers of HR employees. It helps employees to maintain their own

personal information and by allowing managers to access relevant information and

data. It also helps to conduct analysis, make decisions, and communicate with others

without consulting an HR professional.

48

EMPLOYEE VALUE PROPOSITION

H SHAIK SHAFFI ALI

III- B.Com (G)

12UCO0648

Introduction

Today’s corporate challenge is not just about competing for business. It is also

competing for talent that can drive the business into the future. In a highly competitive

labour market where talent becomes increasingly scarce, it makes sense for a company

to invest in a strong employee value proposition in order to get the best results from

their recruitment efforts. The concept of the Employee Value Proposition is not new,

it exists from many decades. Organizations are yet to realize the importance of having

a strong employee value proposition. This can be a costly mistake, especially with the

continuing strong demand for talent across many industries and professions.

The fundamental core of an organization’s attraction and retention strategies is

its employee value proposition. Employee value proposition is a term used to denote

the balance of the rewards and benefits that are received by an employee in return for

their performance at the workplace. To put in simple words, it is the measurement of

the balance between what an employee receives from their employer in return for their

performance on the job. Minchington defines Employee Value Proposition as “a set of

associations and offerings that characterizes an employer or position and differentiates

it from its competitors.”

An employee value proposition is a unique competitive offering to the target

market for employees. A clear and compelling employee value proposition helps to

attract and retain people which facilitate to deliver superior performance of the

organization. An EVP must be unique, relevant and compelling if it is to act as a key

driver of talent attraction, engagement and retention”. The employee value proposition

should be at the core of the employment brand and communications. A compelling

employee value proposition includes three core components:

1. The brand and image of the company

2. The quality of the jobs / positions existing in the organization

49

3. The lifestyle a person has as a result of employment

The term employee value proposition is often confused with an employer branding

and as a result, it is solely communicated to attract job applicants.Employment

branding is the method by which organizations develop and promote an employee

value proposition accounting for applicant and employee preferences. An employee

value proposition certainly contributes to the employer brand and draws from it, but

they are not the same thing. An employee make choices every day about where and

how to work. Each stage of their relationship with the organization is essentially a

brand experience. The employee value proposition helps to answer the fundamental

question ‘What’s in it for me?’ It tells employees what role they play in helping a

business to deliver its brand and why their contribution is essential to the results of the

business. Through total rewards, the value proposition defines what the business

offers in return in the form of opportunity, growth and financial rewards.

The key components of an employee value proposition might include:

1. Compensation: It includes Salary, Incentives, Recognition and Pay process.

2. Benefits: It includes Healthcare, Retirement, Insurances and Recognition

programmes.

3. Affiliation: It includes Work environment, Trust, Transparency and

Organizational commitment.

4. Career: It includes Advancement opportunities, Personal growth and

development, Training and Job security.

5. Work Content: It includes Challenge, Autonomy, Meaningfulness and

Variety.

The 2006 Chandler Macleod’s ANZ Workplace Barometer research about the

preferred organisation attributes to attract and retain talent indicates clearly what

employees require from organizations. It is an insight into the employee value

proposition (why you should work for us) and they list the most important attributes

as:

Challenging /engaging work

Reputation for looking after / valuing employees

Training and development

50

Fun, positive and vibrant work environment

Career development and progression

Attractive salary and/ or financial incentives

Performance rewards and recognition

Understanding the importance of family life outside of work

Fair pay for a fair day’s work

Definitive and strong values

Strong company vision and strategy

Provides meaningful work etc.,

The Employee Value Proposition should win the hearts and minds of the right

candidates by connecting on a rational and emotional level. Companies apply

countless resources towards development of customer value propositions. Similar

efforts should be applied to attract and retain the employees. A company that executes

well in these areas of an employee value proposition is poised to attract and retain its

best people. The degree to which any of these areas is ignored is proportional to the

potential vulnerability of losing the talent a company needs to succeed and secure its

growth in the years ahead. The organization should develop a winning employee value

proposition and insulate the company from the likely effects of the crisis.

An effective employee value proposition provides organizations with three

quantifiable benefits:

1. Improved Attractiveness: Organizations with effective employee value

propositions are able to attract candidates from about 60% of the labour

market. Besides, they are able to source from a much deeper pool of talent in

the labour market.

2. Greater Employee Commitment: Organizations with effective employee

value propositions enjoy significantly higher levels of commitment from their

employees

3. Compensation Savings: Organizations with effective employee value

propositions are able to reduce the compensation premium required to attract

new candidates. Top-performing organizations are able to spend less on base

pay compared to under-performing organizations.

51

Organizations can increase their market share during by retaining and

recruiting talented candidates in order to increase their business productivity. The

image of security and sustainability during economic slowdowns can be a powerful

tool to get the best people to work for the organisation. It is an excellent way to

promote employment branding and the company’s growth through employee value

proposition.

The organization needs an employment value proposition statement stating the

total work experience in their organization is superior to other companies. The value

proposition will identify the unique people policies, processes and programmes that

demonstrate the company’s commitment to employee growth and recognition and

management development. The reasons people choose to commit themselves to the

organization are contained within the value proposition. The ability to provide

employees with a personal connection to the business can make an enormous

difference in how they view their work and how they approach their day-to-day

activity.

Conclusion

Attracting and keeping committed employees is a goal of most human resource

strategies, and a key component is, an employee value proposition that articulates a

promise to employees. Without employee engagement, companies will struggle to

deliver the chosen customer value proposition because of the strong relationship

between employee engagement and customer satisfaction. In order to retain and attract

talented people, organizations need to chart out exactly what their company stands for

and what makes it an attractive employment value proposition, so that top talent can

be convinced why they should work there and not somewhere else. In the current

competitive recruitment market, a well-articulated and communicated employee value

proposition is critical to attracting, retaining and engaging quality people.

Organizations that invest time and energy to rebuild their employee value proposition

will not only benefit by improving employee performance in the current environment,

but will also benefit through improved retention as the economy stabilizes.

52

EVERGREEN NAME

MOHAMMED TAHER KHAN T

B.Com (G)

13UCO3641

A College with a moral vision,

Engaging ideas with absolute compassion,

It is located in the heart of the city,

Moreover, it is in the heart of those whom I feel pity.

An ideal place for good wisdom,

Whereas, there is a reasonable freedom,

The working hours comes to an end with invocation,

All the co-curricular activities are done in a dignified fashion,

There is scope for more development,

There is hope for compliment,

It is the college of my interest,

My efforts are to make it the best,

It has an evergreen name,

We have to upheld its fame,

Indeed, it is an “OLD COLLEGE”;

But its name is “THE NEW COLLEGE”

53

TOP OF THE PEAK

To smile is to express joy;

Whether you are a girl or a boy;

An act of friendliness;

Deteriorating loneliness;

It is free of cost;

Most of the subjects understand it not;

Our friendly nature is not lost,

As it is connected with this gesture,

As similar to the snow and frost,

It is a natural suggestion,

That is seemed to be mentioned;

Smiling will enable our spirits to flow like the river Nile;

For this, it is not essential to walk a mile;

It is only the two slight movements with your cheeks;

That would take you at the top of the peak.

ALL THE WAY

History implies past events,

Warring camps and tents;

Was it all about money?

Or it was for glory?

Indeed attitude was the basis for conflicts;

Colour was the criteria for racists,

Inherent factor was business;

Infusing variety with a mess,

Enlarging boundaries and defining scope for quarries;

Simple were the theories but application was with much difficulties;

Any second may define glory on any given day,

Nevertheless, the history has been considered all along the way.

54

THE BEST PERSONALITY EVER

A man of character who defined humanity,

An individual who had all the good qualities,

You got to know this man,

If you know him, you will become his fan,

He had an influence over all the generations in the past,

His remarkable influence exists and will exist among the vast,

He had a smile on his face,

Truth was regarded as his base;

He had an intention of helping others,

He considered everyone as his brothers,

He led by example,

All the information about them is available in ample,

He claimed that there is only one god,

He was the last messenger of god,

Neither the compliments would end nor

I would tend to end it.

To stop my pen from praising Prophet Muhammed (PBUH) as he was and will

be the best personality ever.

EVERY ASPECT OF LIFE

Many inventions are due to necessity,

Whether it is a town or a city,

Every day comes after night and vice versa;

Chronological order has not been identified even by NASA;

Every idea strikes after thinking,

Every history is in the making;

Every change occurs due to human tendency,

Every war was frenzy,

Every failure drives towards success,

Every tough situation advents through stress;

Every one’s life is precious,

Every aspect of life deals with conscious.

PHOTO GALLERY

Viva Voce Examination of Ms. Mala Jayashree, (Part time Research Scholar-Commerce)

Under the Guidance of Dr. Syed Rafiq Ahmed

55

STUDENT ACADEMIC ACHEIVEMENT

ONE DAY WORK SHOP ON “EMERGING BUSINESS OPPORTUNITIES AND

LEADERSHIP CHALLENGES IN THE ERA OF GLOBALIZATION”- 4/02/2015

NEW COM FEST INTER COLLEGIATE COMMERCE TALENT MEET

WINNERS OF NEW COMM FEST COMPETITIONS

Dr. P.M.S ABDUL GAFFOOR ROLLING TROPHY

WON BY D.G VAISHNAV COLLEGE

Dr. P.M.S ABDUL GAFFOOR FELISTATING FUNCTION

STUDENTS EDUCATIONAL TOUR

ACTIVE PARTICIPATION BY OUR DEPARTMENT STUDENTS IN

TREE PLANTATION & BLOOD DONATION CAMP BY B.COM STUDETS

F. ASIYA KHILJI, PH.D RESEARCH SCHOLAR OF DR. P.M.S. ABDUL GAFFOOR, HAS

PARTICIPATED AND WON GOLD & BRONZE MEDAL IN THE 35TH NATIONAL GAMES

HELD AT THRISSUR, KERALA

ADZAP & VAREITY BY M.COM STUDENT

IFTHAR PARTY HOSTED BY B.Com Students on 17TH JULY, 2014

TEACHERS DAY CELEBRATION BY B.Com G) STUDENTS

B.Com STUDENTS PARTICIPATED WORLD LARGE HUMAN FLAG FORMATION AT

NANDHANAM YMCA GROUND

STREET PLAY ON AWARENESS OF ALCOHOL

ADZAP & VAREITY BY B.COM STUDENTS

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