Saturday, September 19, 2015

Are you ready for Variety of choices in financial Inclusion?



First Payment bank and then Small finance banks are the big idea.
The RBI's intention behind granting approvals to both of them is to create competition so that customers can get a variety of choices.

 Reserve Bank of India provide the opportunity for customers by shortlisted 10 micro lenders to set up small banks to advance loans primarily to the unbanked, small businesses and farmers, micro and small industries and unorganized sector entities which do not have access to finance from the larger banks.


Small finance banks are similar to regular commercial banks except that their scale of services will be much smaller.

These new type of banks should generate
  • At least 75% of their business from the priority sector (largely agriculture)
  • Mainly from areas where large banks are not present.
  • 50% of their loans should be of ticket sizes under Rs 25 lakh 

With the goal to reach the rural customers who are deprived of the services provided by the larger banks. Micro banks provide them those services so that they are able to improve their livelihood and also assisting them to use govt. financial services, they are unaware off.   


Guidelines to be met by small finance banks:
  • 75 percent of Adjusted Net Bank Credit to be extended to priority sector.
  • 50 percent of loan portfolio to constitute loans & advances of upto Rs 25 lakh
  • 25 branches must be in unbanked rural areas
  • Maximum loan size & investment limit to single obligor and Group restricted to 10 percent of capital funds.
  • Require minimum paid up equity capital of Rs 100 crore.
  • Promoter stake must be at 40 percent in first 5 years
  • Promoter stake to be brought down to 30 percent within 10 yrs, 26 percent in 12 years
  • Listing mandatory within 3 years of reaching Rs. 500 crore net worth
  • Maximum foreign shareholding of 74 percent allowed
  • CRR, SLR requirement as applicable to existing commercial banks from Day 1

These banks thus will add a much-needed financial inclusion dimension to the banking system. Over the next decade or so their functioning has the potential to bring about another revolution in the banking sector.

Thursday, September 17, 2015

Rebuilding Trust in Employee-Employer Relationship


In last decade and before, Firms offered lifelong Employment to their employees. They treated their employees as families, which developed trust and loyalty in employee-employer relationship.

Today, it is not possible in this era of globalization and technological change. Rather from treating their employees as families they are treated as free Agents. This has minimized employer-employee relationship on road of trust and loyalty.

Rather the firms in this new era should not treat them as families or agents rather take the employees as allies. In an Alliance, both sides are invested to each other i.e. company investing in employee and employee investing in company.

There should be a new model for defining term of employment, in order to rebuild trust and loyalty between employer and employee. They should be in path of building trust incrementally.

Like there should a meeting between a manager and employee, they discuss the requirement of the work that has to be carried out. The employee gives a timeline and all requirements. Finally they are on to a deal and the work is carried out. Once that timeline is finished, they meet again to discuss the work done and if the employee wants to continue then assign another project or they terminate and move on.



This leads to transparency, defining clear mission and objective. By employee giving his timeline and requirements about the project that has to be carried out, provides the employer with realistic time horizon and goal. Rather this increases a trust and loyalty between employer employee relations.

But, the current scenario states that there is a lot of mismatch between skills employers need and skills employee have. This overall leads to less trust and honesty. The whole thing revolves around three questions:

What skill they have?
What skill they need?
What skill they want?

 Even apart from this if a employee want to develop skills that are not relevant to current job but may be related to something in future that they want to pursue but one won’t tell it to their manager because of not much trust.

Employers must take it that no employee will work in their organization for long because it’s difficult to keep a good talent even if you are the best company in the world.

So, develop a relationship with employee such that you provide them with the career they are looking for and they provide you the services. It should be a two way process defining short term goals with transparency and help in developing trust and honesty. 


Thursday, September 10, 2015

DILEMMAS LEADERS FACED



“The hardest job a leader has is to navigate among often conflicting goals. Identify them first, and you can steer a winning course.”                                                      
Dilemmas: a word from the Greek, two assumptions or premises.  Dilemmas are what your boss talks about when he says, "You're in charge, Fosdick, but make sure Susannah is on board." Managing dilemmas is what you do. However, you cannot manage what you cannot name. 

Poring over the interviews, researcher’s began highlighting phrases like "we must do a ... but also b," or "in going after x, we must not lose sight of y."  When he was done, he found nine "core leadership dilemmas."  They fit any business and any manager, though they may be felt most keenly at the top.

In those dilemmas that describe your job.  What do you do with them?
Notices that pattern these are all different, but they form a single, central dilemma.  Its name: empowerment vs. alignment, the never-ending balancing act of managerial Board in which you try to give people independence and authority while making sure they use it in a way you'd approve of it they asked, which you don't want them to do except, of course, when you do want them to. 

The most important lesson of these dilemmas was seeing that, fundamentally, leadership is about ambiguities, not certainties like said: "The dilemmas helped us come to a different understanding of the roles a leader plays.".
The simple steps are:


Wednesday, September 9, 2015

Talent Acquisition :- "Challenges and Solutions"

Developing quality talent pipeline is a biggest challenge for Recruiters now a days. Because of quick shift in jobs most of the talent lost their own talent and they become mix of things...after all they are qualified , interest candidates with skill and experience that meet your organization need.One of the many changes affecting talent acquisition practices today, and subsequently force HR to re-examine some of their traditional recruiting methods.
Challenges
The world of work and recruitment is changing fast, and it’s easy to miss new and critical challenges.  

We’re moving from a time where most work was continuous and predictable to discontinuous and unpredictable. For these reasons, it is imperative that recruiters re-imagine their approach to talent acquisition – rather than simply trying to re-engineer it.
There are four challenges hiring managers must overcome today.



How do you address these challenges? It’s time to rethink/transform the talent acquisition department.

DIFFERENT WAYS HR PROFESSIONAL USE SOCIAL MEDIA

COMMUNICATION


  • Sharing of ideas within the Company.
  • Informing their employees of training and promotional events.


BRANDING


  • Brand Reinforcement.
  • Sharing of information with Public.


PROMOTING EVENTS


  • Showcasing companies activities and events.



EMERGENCY NOTIFICATION


  • Setting up social media accounts so they can send messages to the employees in the event of an emergency.


RECOGNITION


  • Giving employees praise and recognition for their achievements.


HR WEEKLY BLOG


  • Starting a blog for weekly HR tip and to keep managers engaged and constantly learning.

Assessment: What’s Your Leadership Style?

Why do some leaders thrive while others struggle? Professional qualifications (the what’s of leadership) matter, of course. But far more often we find that success depends on the how’s  — specifically, how leaders’ styles mesh with their teams and organizational cultures.

We’ve designed a tool gives you immediate feedback about your style — potential strengths, weaknesses, and blind spots — and pinpoints the settings where you’ll be most and least effective.




To better understand your personal approach to leadership, select the style below that best describes you. If you’re a more collaborative leader, you’ll probably find your best match toward of the list; if you’re more independent, look further down.


Friday, August 28, 2015

The Focused Leader


A Primary task of leadership is to direct attention. To do so, leaders must learn to focus their own attention. When we speak about being focused, we commonly mean thinking about one thing while filtering out distractions. But a wealth of recent research in neuroscience shows that we focus in many ways, for different purposes, drawing on different neural pathways—some of which work in concert, while others tend to stand in opposition.
                                               Leadership Skill                                 
Grouping these modes of attention into three broad buckets sheds new light on the practice of many essential leadership skills. Focusing inward and focusing constructively on others helps leaders cultivate the primary elements of emotional intelligence. A fuller understanding of how they focus on the wider world can improve their ability to:  Devise Strategy, Innovate, and Manage Organizations.
Every leader needs to cultivate this triad of awareness, in abundance and in the proper balance, because  

Focusing on Yourself


Emotional intelligence begins with self-awareness—getting in touch with your inner voice. Leaders who heed their inner voices can draw on more resources to make better decisions and connect with their authentic selves. But what does that entail? A look at how people focus inward can make this abstract concept more concrete.


Self-Awareness

Hearing your inner voice is a matter of paying careful attention to internal physiological signals. How well people can sense their heartbeats has, in fact, become a standard way to measure their self-awareness.
Zeroing in on sensory impression of ourselves in the moment is one major element of self-awareness . But another is critical to leadership:combining our experience across time a coherent view of our authentic selves. 
To be authentic is to be the same person to others as you are to yourself. In part that entails paying attention to what others think of you, particularly people whose opinions you esteem and who will be candid in their feedback. A variety of focus that is useful here is open awareness, in which we broadly notice what’s going on around us without getting caught up in or swept away by any particular thing. In this mode we don’t judge, censor, or tune out; we simply perceive.
Leaders who are more accustomed to giving input than to receiving it may find this tricky. Someone who has trouble sustaining open awareness typically gets snagged by irritating details, such as fellow travelers in the airport security line who take forever getting their carry-on’s into the scanner. Someone who can keep her attention in open mode will notice the travelers but not worry about them, and will take in more of her surroundings.

Self-knowledge

Of course, being open to input doesn’t guarantee that someone will provide it. Sadly, life affords us few chances to learn how others really see us, and even fewer for executives as they rise through the ranks. That may be why one of the most popular and overenrolled courses at Harvard Business School is Bill George’s Authentic Leadership Development, in which George has created what he calls True North groups to heighten this aspect of self-awareness.
Groups are based on the precept that self-knowledge begins with self-revelation. Accordingly, they are open and intimate, “a safe place,” George explains, “where members can discuss personal issues they do not feel they can raise elsewhere—often not even with their closest family members. What good does that do? We don’t know who we are until we hear ourselves speaking the story of our lives to those we trust,” George says. It’s a structured way to match our view of our true selves with the views our most trusted colleagues have—an external check on our authenticity.

Self-control

“Cognitive control” is the scientific term for putting one’s attention where one wants it and keeping it there in the face of temptation to wander. A colloquial term for it is “willpower.”

Cognitive control enables executives to pursue a goal despite distractions and setbacks. The same neural circuitry that allows such a single-minded pursuit of goals also manages unruly emotions. Good cognitive control can be seen in people who
Executives who can effectively focus on others emerge as natural leaders regardless of organizational or social rank.
Tests of willpower by the psychologist Walter Mischel’s experiment on children statistical analysis showed that a child’s level of self-control was a more powerful predictor of financial success than IQ, social class, or family circumstance.
How we focus holds the key to exercising willpower, Mischel says. Three sub varieties of cognitive control are at play when you pit self-restraint against self-gratification: 

Focusing on Others


The word “attention” comes from the Latin attendere, meaning “to reach toward.” This is a perfect definition of focus on others, which is the foundation of empathy and of an ability to build social relationships—the second and third pillars of emotional intelligence.
We talk about empathy most commonly as a single attribute. But a close look at where leaders are focusing when they exhibit it reveals three distinct kinds, each important for leadership effectiveness:
  • Cognitive empathy—the ability to understand another person’s perspective;
  • Emotional empathy—the ability to feel what someone else feels;
  • Empathic concern—the ability to sense what another person needs from you.
Cognitive empathy enables leaders to explain themselves in meaningful ways—a skill essential to getting the best performance from their direct reports. Contrary to what you might expect, exercising cognitive empathy requires leaders to think about feelings rather than to feel them directly.
An inquisitive nature feeds cognitive empathy. As one successful executive with this trait puts it, “I’ve always just wanted to learn everything, to understand anybody that I was around—why they thought what they did, why they did what they did, what worked for them, and what didn’t work.” But cognitive empathy is also an outgrowth of self-awareness.

The executive circuits that allow us to think about our own thoughts and to monitor the feelings that flow from them let us apply the same reasoning to other people’s minds when we choose to direct our attention that way.

Emotional empathy is important for effective mentoring, managing clients, and reading group dynamics, It is about to feel fast without thinking deeply.

They tune us in by arousing in our bodies the emotional states of others: I literally feel your pain. Our brains patterns match up with yours when I listen to you tell a gripping story. A study says that you need to understand your own feelings to understand the feelings of others.

Accessing your capacity for emotional empathy depends on combining two kinds of attention: a deliberate focus on your own echoes of someone else’s feelings and an open awareness of that person’s face, voice, and other external signs of emotion.

Empathic concern, which is closely related to emotional empathy, enables you to sense not just how people feel but what they need from you. It’s what you want in your doctor, your spouse and your boss.
Empathic concern has its roots in the circuitry that compels parents’ attention to their children. Watch where people’s eyes go when someone brings an adorable baby into a room and you’ll see this mammalian brain center leaping into action.

Research suggests that as people rise through the ranks, their ability to maintain personal connections suffers.

Empathic concern is a double-edged feeling. We intuitively experience the distress of another as our own. But in deciding whether we will meet that person’s needs, we deliberately weigh how much we value his or her well-being.

Focusing on The Wider World


Leaders with a strong outward focus are not only good listeners but also good questioners. They are visionaries who can sense the far-flung consequences of local decisions and imagine how the choices they make today will play out in the future. They are open to the surprising ways in which seemingly unrelated data can inform their central interests.

 

“A wealth of information creates a poverty of attention.” :-Herbert Simon

The wellsprings of innovation


In an era when almost everyone has access to the same information, new value arises from putting ideas together in novel ways and asking smart questions that open up untapped potential. Moments before we have a creative insight, the brain shows some kind of deflection .It is suggest that what’s happening is the formation of a new neural network—presumably creating a fresh association.
A classic model of creativity suggests how the various modes of attention play key roles.


Conclusion


A focused leader is not the person concentrating on the three most important priorities of the year, or the most brilliant systems thinker, or the one most in tune with the corporate culture.

 Focused leaders can command the full range of their own attention: They are in touch with their inner feelings, they can control their impulses, they are aware of how others see them, they understand what others need from them, they can weed out distractions and also allow their minds to roam widely, free of preconceptions.

It takes is not talent so much as diligence—a willingness to exercise the attention circuits of the brain just as we exercise our analytic skills and other systems of the body.

The link between attention and excellence remains hidden most of the time. Yet attention is the basis of the most essential of leadership skills—

And never has it been under greater assault.

Our goal here is to place attention center stage so that you can direct it where you need it when you need it. Learn to master your attention, and you will be in command of where you, and your organization, focus.

Tuesday, August 25, 2015

How to Express your Idea?


Are you afraid of sharing Ideas? Are you afraid of being rejected? .Firstly, you need to understand that, you have to make yourself clear about the idea. Secondly, the most important question is “how to you present your ideas?”, so they have an impact. Expressing the idea is the most important thing for making it considerable. How you convince people to consider your idea? Basically, you need to focus on three key elements for expressing your ideas:

1) Have a clear point of view:  
“Prospective is worth 80 IQ point”, which means idea with clear and congruent visions will have more importance. To express you must be very clear with your point of view. To make a good point of view it must be non-obvious & even counter-intuitive i.e. you should be easily able to picture another intelligent person arguing different prospective and having passion about the opinion. The idea should meet there spectrum and leave them persuaded.

2) Cite evidence to back-up your points:
Evidences are all the stuff you require to prove your point. You need to describe the success to the audience if they exercise it & failure if they didn’t, backing up your idea with site research and relevant statistical data with respective authority .Finally re-assure that your idea will have an enormous impact and huge contribution, to persuade the audience you need to display insight & awareness using multidimensional prospective about the idea.  

3) Engage your audience with storytelling:
A storytelling likes anecdotes and pop cultures, this will not only make it pleasurable but also create grounded abstract about the idea that is pertinent into the reality they know. Your voice, vocabulary and phasing have great importance .It is better to picture a person you know well and imagine how quickly you can explain the idea to him/her.

The ability to express an idea is well nigh as important as idea itself:- Bernard Baruch.

People love new ideas they want to hear it, don’t make it too hard for them! Telegraph your point of view, back it up with evidence and engage them with good storytelling.