STRATEGIC REWARDS - A CASE BASED STUDY

Talent has won ’The war for talent’. The war is caused by the continuously increasing demandsupply gap for skilled workforce. Consequently, organizations face difficulty in attracting and retaining talent. Talent market is highly dynamic, since new disciplines of knowledge and skills are continuously emerging due to explosive growth of knowledge. It is resulting in rapidly changing technology and preferences and priorities of workforce in the midst of shortages. This necessitates appropriate reward system but in practice very few organizations offer attractive value proposition to their workforce. Most organizations still adhere to the conventional reward system. The traditional Rewards Management assumes money, and cash components to be the strongest motivator and the best performance incentives for employees. Higher wages/rewards have a close association with efficiency/productivity and employee turnover rates. Neo-classicists postulate equality between wages and the marginal product of labor. Higher-wages help in facing short supply of talent. Neo-classicists argue that the ’Total Factor Productivity (TFP)/Multi-factor Productivity (MFP)’ depends on investment in human capital; education and skills are the drivers of productivity of labor. It implies that the companies, especially service providers, which use manpower as the pivot, should particularly invest in human capital. This study also considers rewards as the main driver of high performance; so the companies should focus on satisfying the needs of all the employees by balancing extrinsic and intrinsic values; which is based on strategic reward system. Further, the Rewards Strategy, Business Strategy and external environment should be aligned to ensure sustainable results. Outcomes tend to diverge from desired goals if business and rewards strategy are not well aligned. ’Strategic Rewards System’ does not emerge in one go it evolves if the above conditions are satisfied. Therefore, the study traces the historical evolution of ’Strategic Rewards System’ by review of literature. This furnishes the rationale for the case study based on a Small Medium Enterprise; it provides evidence for the choice of the “Strategic Rewards System” by the organization under study. The case study assesses the relation of reward strategy with the organizational performance. The study concludes that a well-designed and a well-executed Strategic Rewards System reverses employee turnover and improves performance without a lofty budget.</jats:p

Determinants of bank profits and its persistence in Indian Banks: A study in a dynamic panel data framework

The paper studies the impact of bank specific, industry specific and macroeconomic factors affecting profitability of Indian Banks in a dynamic model framework .The study uses panel data from 42 Indian Scheduled Commercial Banks for the period from 2000 to 2013 and addresses the problem of endogeneity of factors and persistence of bank profits by using Generalised Method of Moments (GMM).The study finds the presence of moderate degree of persistence of profits in Indian Banking Industry, implying that the product markets of Indian Banks are moderately competitive, less opaque due to asymmetry in information. Bank specific variables such as capital to assets ratio, operating efficiency and diversification have been found to be positively affecting the bank profits. Credit risk, measured by provisions for bad debts, negatively impacts the bank profitability. The study also finds evidence in support of the Structure conduct Hypothesis (SCP), using Herfindahl – Hirschman Index (HHI). Bank profits responds positively to the GDP growth, indicating that bank profits are pro-cyclical to the growth of economy whereas the increase in inflation rate affects bank profits negatively .It is observed that the crisis period did not make any significant effect on profitability of banks suggesting that Indian Banks in the last decade have been moving towards efficiency and dynamis

Interactions Between Anti-Epileptic Drugs and Contraceptives: A Review

Around half of the pregnancies in women with epilepsy are unplanned and the choice of contraceptive method in epileptic women is important, since it requires considering their possible pharmacological interactions with certain types of anti-epileptic drugs. Drugs from this class which induce hepatic enzyme activity may alter the metabolism of most hormonal methods of contraception, and this may affect their contraceptive efficacy. Hormonal contraception is regarded as highly effective, but its interaction with anti-epileptics may accelerate the metabolism of the latter with the consequent risk of failure, reduction of plasma concentration predisposing to seizures, risk of unwanted pregnancies, abortions, teratogenicity, maternal or fetal complications and difficulty in the management of epilepsy during pregnancy. In case of prescribing both medications, the combined use with a barrier method should be considered. Family planning counseling at the first visit has been shown to influence the choice of the contraceptive method. In conclusion, the different therapeutic options should be analyzed together with the epileptic patients in order to achieve and optimize the best goal for each one This article reviews these issues and offers practical recommendations for the management of contraception in epileptic patients

Medicinal plants used for treating infertility and related disorders of women in India: a systematic review

Assessment of plant medicine for treating infertility and related disorders is making headway universally recent couple of decades to bring out new effective and safe substances as an alternative medicine. Present paper reviews the published literature on plant medicine used for female infertility and related disorders. The 53 research papers or reports shortlisted are based studies under taken in India. Total 459 uses of 202 medicinal plants classified under 84 families. Total 62 trees, 55 shrubs, 79 herbs and 3 climbers are reported. Most used plant parts for making medicine are roots in 111 formulations and leaf in 101 formulations. Medicinal plants used for infertility are 84, while for related disorder like leucorrhoea 79 plants, menorrhagia 53, dysmenorrhea 29, amenorrhea 23 and 22 plants used to regulate menstruation. Additional investigations could be helpful to verify the claims reported using a specific formulations or recipes and which will subsequently result in providing possible the alternative medicine for the treatment of female infertility

Review of Noise Reduction Techniques in Speech Processing

Present systems advances in speech processing systems aim at providing sturdy and reliable interfaces for sensible preparation. Achieving sturdy performance of those systems in adverse and screeching environments is one in every of the most important challenges in applications like dictation, voice-controlled devices, human-computer dialog systems and navigation systems. Performance of speech recognition systems powerfully degrades within the presence of background, just like the driving noise within a automobile. In distinction to existing works, we have a tendency to reduce the boost in noise strength that present in levels of speech recognition: feature extraction, feature improvement, speech modelling, and coaching. Thereby, we offer a summary of noise modelling ideas, speech improvement techniques, coaching ways, and model design, that square measure enforced in speech orthography recognition task considering noises created by numerous conditions. DOI: 10.17762/ijritcc2321-8169.15075

Medicinal plants used during pregnancy, childbirth and postpartum care in India: a systematic review

Use of plant medicine during pregnancy, childbirth and in postpartum care has grown significantly worldwide and is remarkably well-known in different regions of India. Traditional plant medicine has the potential for treating various diseases/ailments and is evidenced by well-known pharmacopeia of India - Ayurveda. This paper reviews the research papers on plant medicine utilization during pregnancy, childbirth and for postpartum care based on information published from India. Total 206 uses of 146 medicinal plants belong to 69 families, of which 125 are herbs, 39 trees, 26 shrubs and 16 climbers. Plant parts used as medicine for treating various disorders during pregnancy, childbirth and postpartum are 75 leaves, 48 roots, 23 seeds, 19 whole plants, 15 fruits, 11 barks, stem and flower 5 each, gum 2, latex 1, while in 24 cases part used is not specified. The use of plants for treating various disorder/ailments during pregnancy, of these most prevalent use is as a tonic (23 uses) which followed by vomiting (10), abdominal pain (9), to facilitate delivery (6) and so on. Use of plants during childbirth, maximum number of plants used to facilitate deliver (32 uses), for labor pain (15), and to induce labor (12). While use of plants for postpartum care, includes (37 uses) for lactation, (10) for haemorrhage, and 7 for abdominal pain.

X-ray structure analysis of 3-chloro-7-hydroxy-4- methyl-chroman-2-one

The title compound crystallizes in the monoclinic space group P21/c, with unit cell parameters a=7.7203(3), b=14.0481(4), c=8.9066(3) Å, â=112.858(5)º, V= 890.11(5) Å3 and Z = 4. The structure has been solved by direct methods and the final R-factor is 0.0433 for 2832 unique reflections. The molecule, as such, is planar and the planarity is confirmed by the magnitude of dihedral angles between the two rings. Extensive Hydrogen-bonding has been observed and chlorine atom is responsible for the formation of trifurcated hydrogen-bond. Trifurcated hydrogen-bond plays a significant role in the design and synthesis of molecules having drug implications

Vaginal birth after multiple caesarean section: a case report from India

Lower segment caesarean sections increase the possibility of maternal morbidity. Hence, since last few decades, initiative for trial of labor after caesarean delivery is being encouraged in selected cases. Accordingly, a 23-year-old fifth gravida, who had a history of previous three lower segment caesarean sections and one vaginal birth approached for delivery service and plan for her vaginal delivery was made after thorough examination and evaluation.  A live female child of 3100 grams was delivered following episiotomy. In post-partum period, it was observed that uterus was involuted on abdominal examination and uterine contours were regular in ultrasonography. As the evidences for practice of vaginal delivery in women who underwent 2 or more previous LSCS are still fewer, this report intends to highlight the possibility of successful vaginal birth after multiple caesarean sections

A Review on Prevention against Sun Damage

Tanning is the increase in skin pigment- melanin; it causes the change in color of our skin. Excessive tanning causes skin damage. It is over- exposure to the UV rays from the sun. The supreme cause of skin cancer is believed to be the over exposure to the solar radiation which is the medley of ultra-violet radiation (UVA, UVB, and UVC), and visible light. UVB is the stronger component amongst the three, when it comes to causation of cancer, sunburn to humans or damage to DNA. In this review paper, the measures taken to avoid sun damage are discussed. The ancient approach to this included the use of herbal sunscreen. Whereas, new advancements include, a tan timer bikini which beeps at a particular interval, reminding you to cover yourself. The other device is a French company (Spinali Design) based bikini, named Neviano, which reminds the user to re-apply sunscreen

Extrinsic Rewards, Occupational Commitment, Career Entrenchment and Career Satisfaction of Dentists

Information concerning occupational commitment and career satisfaction of dentists in India is incomplete. Satisfaction of dentists with their profession and commitment towards the profession are important determinants of the future of the dental profession. Therefore, the present study examined the relationship between extrinsic rewards and career entrenchment and occupational commitment of dentists. The study also measured the effect of career entrenchment and occupational commitment on career satisfaction of dentists. Data were collected from 85 dentists of two private dental hospitals of Udaipur city, India. Of the total respondents percent (n=48) 56 per cent were male and 44 per cent (n=37) were female. The age of the respondents ranged from 23 to 56 years. 54 per cent of the respondents were employed in their current jobs for less than 10 years and 46 were in the same job for more than 10 years. The data thus collected was analyzed with the help of SPSS 21 using descriptive (mean, standard deviation, percentiles) and inferential statistics (one way ANOVA, post hoc analysis, correlation and multiple regression). The study revealed significant relationship between extrinsic rewards and career entrenchment and affective commitment of dentists. Furthermore, career entrenchment and occupational commitment were found to be significant predictors of career satisfaction. The study puts forward some suggestion for future research in this area