clair068

Inflation is a cyclical economic phenomena, in a globalised world inflation in not just driven by internal economic variables but also get influenced by common economic concerns like global oil prices, entry and exit barriers to economies, food grain production etc. The current inflation trend is cost push inflation which is more driven by the rise in the cost of essentials goods and services. It even leads to rise in wages in excess of any gains in labor productivity, this leads to increase in unit costs of production and thus further spiraling prices. Generally when Inflation is more demand driven (total demand for goods and services in an economy exceeds the available supply) it leads to increase in the production of goods and services. This means more employment opportunities and higher demand for skilled labour and if supply fails to match the demand for skilled and highly skilled labour, wages move northward and it also leads to higher attrition in organizations where even demand...

Recently my interview appeared in SCOOP an online HR magazine , it covers industry news , analysis and features the latest from the HR world. The interview covered wide ranges of issues ranging from HR strategies, processes and various other issues which organizations are grappling today. Here is the first part the interview. On Benchmarking in the field of HR. Benchmarking in today’s business environment has different context for different organizations.HR practices have also been keeping pace with ever dynamic business environment and every industry presents unique challenges for HR professionals. There are two important aspects which every HR team must try and benchmark against: Innovative HR Practices: HR practices needs continuous change and innovation, it is key to the competitiveness of any industry. HR teams have to lead in setting new trends in attracting and engaging talent. Today the best places to work are those which have Innovative and engaging HR practices. If you are l...