Annual HR Summit 'Impetus' Held at FMS, Delhi

Annual HR Summit 'Impetus' Held at FMS, Delhi

The MBA (Management of Services) students of FMS-Delhi conducted the Annual HR Summit 'Impetus' themed 'HR Reincarnated: The Glocal Organizations'. Services sector has contributed 71.5% to the overall growth in Indian economy during 2006-07. This phenomenal growth of

the services sector has been driven by an increased investment in human capital. Globalization has resulted in free flow of human resources, which accentuates the need to manage employees effectively to gain the much-needed competitive advantage in the global market-place. This dynamic scenario raises many questions and some of the questions that the summit answered included the significance of HR in business strategy, their influence on the 'Work-Life Balance', maintenance of the diverse workforce, the success of mergers and acquisitions and virtual global teams.

The fruitful discussion by the esteemed speakers was on 'Cross-Connection: Mind your culture' and 'Home-Work: The Perfect Balance'. The session began with the welcome note by Dr. A. Venkatraman, Faculty at FMS, who shared some of his work experiences and spoke about the rebirth of HR covering the thematic issue of cultural inferences and tried to answer the question - 'Why do we behave the way we behave?'

Mr. Rajeshwar Tripathi, Senior Vice-President (HR), Mahindra & Mahindra, spoke about M&M's experiences of an acquisition and joint venture in China. Citing the learnings from his experiences, he said, "Sending our best brains to China didn't click for the lack of attitude, adaptability, and an inability of some of the individuals to understand people from alien cultures." Of the many adaptations and divergent approaches followed by the company, some included were a balance between a logic-driven and vision-driven approach and a step-by-step way of going about things as opposed to multi-tasking.

The second speaker in line was Ms. Sanchita Singh, Head (O&S), GE Money. Ms. Singh brought onto the dais her experiences from a plethora of sectors including manufacturing, commercial, technology and the BPO industry. She delved into the 'Flexible Work Assignments' strategy being followed by GE. She cited her personal experiences from the organization and defined Work-Life Balance as a sustainable growth in a changing environment.

Mr. Vivek Gera, Head HR (North India), Centurion Bank of Punjab, spoke about his experiences of managing the merger of Centurion Bank and the Bank of Punjab and, sharing information about the role of HR in the success of M&A deals, said, "We need to match designations, salaries, responsibilities, grading structures, and pre-plan the processes of integration to eliminate the occurrence of any attrition.

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Contributed by -
Nitin Gupta,
Secretary, VISTA - The Media Committee,
Faculty of Management Studies,
South Campus, Delhi.

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