| EFFECTS ON
THE MAN-MANAGEMENT PROCESSES PERFORMANCE MANAGEMENT : There is a shift to result achievement from the effort made. The time period between consecutive appraisals is reducing alongwith the time given to employees to reach their targets, more frequent reviews of goals and correction of targets. SELECTION : Adaptability to new ways of doing things and faster learning abilities is becoming a critical requirement for every role. TRAINING & DEVELOPMENT : Shelf life of professional courses are reducing further and skills are getting obsolete at a much faster rate. Training and skill upgradation is becoming crucial. Muti-skilling is gaining currency. It is here that the human aspects of technology and management gain importance. Re-training and re-deployment of resources are becoming the need of the hour. Organisations also need to look into aspects like cross-functional teams to maximize employee usage and potential. COMPENSATION : Gradual increase in payments linked to performance, higher percentages going into variable pay making the employees a part of the corporate's success are becoming the rule. MANAGING MOTIVATION : Designation changes are nomore motivating employees. Opportunities for skill / knowledge upgradation, newer strategies of compensation are going to be the major factors which need to be devised and managed. |