HR Article

The Top 5 Benefits of using Contractors:

Thinking about hiring offsite help? Wonder if that’s a good idea? Let’s take a look. Here are the top five benefits that come from hiring contingent workers: 

1. Flexibility

The flexibility of contract help means you can enlist this employee for any length of time, from a two-week research project to a six-month website development and launch. You can contract help on a temporary or ongoing basis. This is ideal for short-term projects, particularly when they are inconsistent and sporadic. This means you don’t have to bring on an FTE when you don’t have long-term work for them to do, which also eliminates the need to reduce that staff when the work dries up. 

2. Cost Savings

Temporary workers save your company money in many ways—from reducing waste to minimizing expenses. Consider the following: 

• No vacation pay, sick time, or overtime 

• No insurance costs or worker’s comp costs 

•  Reduced overhead, such as the cost of hardware and software 

• Tax benefits, as contractors pay their own 

Business News..  

Tesco proposal to invest in Trent Hypermarket gets DIPP nod ...

The Department of Industrial Policy and Promotion (DIPP) has approved Tesco's application to invest in Tata-owned Trent Hypermarket, paving the way for the clearance of the first foreign investment proposal in multi-brand retail by the Foreign Investment Promotion Board (FIPB) at its upcoming meeting on Monday.

"We have recommended the Tesco application for clearance," a senior DIPP official told ET. The DIPP vets all foreign investment proposals in the retail sector before they are sent to FIPB, the inter-ministerial body that clears foreign direct investment in sectors where government permission is required.

The DIPP approval means that it has found the proposal to be compliant with India's foreign investment policy for retail.

           Thought of the day

          Difficulties in your life do not come to destroy you,

 

  but to help you realise your hidden potential and power,

Let difficulties know that you too are difficult.

Dr. A.P.J. Abdul Kalam

             Thought of the day

        

The greater danger for most of us lies

 

not in setting our aim too high and falling

short;but in setting our aim too low,

and achieving our mark.

-Michelangelo

Brief about Irreplaceable Leader....

STEVE JOBS

Synopsis

Steve Jobs was born in San Francisco, California, on February 24, 1955, to two University of Wisconsin graduate students who gave him up for adoption. Smart but directionless, Jobs experimented with different pursuits before starting Apple Computers with Steve Wozniak in 1976. Apple's revolutionary products, which include the iPod, iPhone and iPad, are now seen as dictating the evolution of modern technology. He died in 2011, following a long battle with pancreatic cancer.

CONTENTS 

• Synopsis
• Early Life
• Apple Computers
• Departure from Apple
• Reinventing Apple
• Pancreatic Cancer
• Later Innovations
• Personal Life
• Final Years

Quotes

“Do you want to spend the rest of your life selling sugared water or do you want a chance to change the world?”

(Jobs inviting an executive to join Apple)

Thought for the Day

Our deepest fear is not that we are inadequate. Our deepest fear is that we are powerful beyond measure. 

It is our light, not our darkness, that frightens us most...We were born to make manifest the glory of God that is within us.

It's not just in some of us; it's in all of us. And when we let our own light shine, we unconsciously give other people
permission to do the same. As we are liberated from our own fear, our presence automatically liberates others.

- Marianne Williamson, American Author and Lecturer

Article on Compensation (Human Resource)

COMPENSATION

"If you pick the right people and give them the opportunity to spread their wings - and put compensation and rewards as a carrier behind it - you almost don't have to manage them."
          -Jack Welch

Meaning

Compensation is a systematic approach to providing monetary value to employees in exchange for work performed. Compensation may achieve several purposes assisting in recruitment, job performance, and job satisfaction.

* How is compensation used?  * What are the components of a compensation system?  *  What are different types of compensation?  * Negotiate for a win-win  *