Next generation management the big challenge for IT
"Pay hikes, bonus and designation do not largely matter but an appreciation in public for the work done carries more weight amongst the new generation. They work on the power of collaboration. Companies have to provide such collaborative tools. In fact performance appraisals have to be redesigned," R. Chandrasekaran, President and Managing Director of Cognizant Technology Solutions said at the two-day HR Summit 2010 organized by Nasscom.
According to Krishna Kumar Natarajan, CEO and MD, Mindtree, the 21-year-old fresh graduate looks at the work environment and not the big corporate names. At times, the whole work place has to be recreated, he said.
"If work is fun, people will spend more time at work and the productivity will increase," said Chandrasekaran.
Interestingly speakers at the summit considered the word HR bad and said terming humans as a productive resource or an asset is not right.
"We have failed to spend time with the nextgen. We should ponder whether we are open to imbibe the new technology of communication," remarked Aparup Sengupta, MD and Global CEO, Aegis.
According to the speakers, the top management has to change its mindset so that changes are there across the organization.
Looking back at the actions taken by Indian IT companies to manage the recession, John Sullivan, CEO, Dr. John Sullivan & Associates of the U.S., said business cycles are getting faster and like engineering companies IT company HR managers too should do failure analysis.
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