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Mumbai. McKinsey and Company, the global leaders in management consultancy services, have proposed a new framework for companies dealing with employee unrest arising out of unfriendly and unpopular business decisions. The framework, published in the visitor edition of The McKinsey Quarterly, advocates a four-pronged strategy called FART to deal with the dissatisfaction among employees if and when they fail to appreciate prudent business decisions like cost-cutting measures.

FART stands for Feed, Affect, Relegate, and Terminate – four different approaches that a company should take based on mix of two parameters – existing ‘Employee Mindset’ and the ‘Cash Status’ of the company. The McKinsey Quarterly report elaborates each of these four approaches of the FART framework with several exhibits to back up the study.

The visual representation of the framework has been called McFart, but this could potentially cause a legal battle over copyright between McKinsey and McDonalds

“If the company has a bit of cash and the employees’ mindset is still to turn hostile, the company should ‘feed’ the employees to stop them from turning hostile. The best way to ‘feed’ is to give some freebies like season gifts, personalized cakes on birthdays, shopping coupons, free pizzas during working hours, etc.” the report explained the ‘feed’ approach of the FART framework.

In case employees’ mood has turned a bit hostile and some of them are demanding explanations about issues such as scrapping of bonuses and other benefits, the FART framework suggests ‘affect’ approach for companies with surplus cash. ‘Affect’ approach requires the company to affect i.e. pretend taking some proactive steps for employee welfare.

“The company could initiate a pretentious performance appraisal process to quell the employee unrest. Other steps could involve sending the employees a feedback form, or inviting employees for a one-to-one interview with HR executives, etc. Such steps mollify the hostile mood of the employees, giving them a hope about future, but these steps should be taken only when the company has some cash to meet the expenses associated with these affected steps.” the report elaborated.

If a company doesn’t enjoy the luxury of surplus cash and is running into losses, the FART framework advocates ‘relegate’ approach, but only if the employees are in a friendly mindset, which is rare in normal course. The approach involves taking steps like lowering the compensation packages and demoting the employees. The report describes the ‘relegate’ approach as being a transient approach as it usually ends up changing the employee mindset from friendly to hostile, leaving the company to adopt the forth and the final approach – terminate.

“If the company is running into losses and employees have turned hostile, the best approach is to ‘terminate’ i.e. fire the employees.” the report concluded the FART framework, which has been well received by various HR professionals across companies.

New Delhi. Amidst demand by many politicians cutting across party lines, the Congress party announced on Thursday that it planned to introduce a special symbol to denote corruption in the next few weeks. The introduction of the new Rupee Symbol had reportedly created a huge problem for the ruling party as several mails asking for introduction of a Corruption Symbol reached them today.

“Yes, there have been several queries asking if the rupee symbol was applicable to black money also. The politicians, who have been taking money through international accounts, feel that instead of having different symbols, all their black wealth should be incorporated under one symbol, making the transactions easier.” said Congress spokesperson Manish Tewary.

Ambika Soni, Minister for Information and Broadcasting completely agrees. “The new symbol for corruption will show the world that India is a force to be reckoned with. This will make Indian economy comparable to the whole European economy. The new Rupee Symbol could act as the Euro symbol, while this proposed Corruption Symbol could be akin to a European country’s original domestic currency symbol, to be phased out in due time.” she said.

An NGO called 5th Pillar had introduced zero-rupee note as the symbol for corruption, but it failed to get official recognition from the government

But the statement by Ms. Soni could trigger demands by various regional parties to introduce special symbols in their respective states as the new rupee symbol has “ra” in Hindi i.e. devanagari script. MNS and Shiv Sena are already reported to be asking for Marathi symbols, something that has worried the UPA government.

Sources within the government have informed us that the Prime Minister was still clueless about the whole issue and was waiting to be briefed by Sonia Gandhi before taking any decision. It is also rumored that a Group of Ministers could be formed to discuss the issue further.

But the civil society has received the proposal enthusiastically with “Corruption Symbol” trending worldwide on Twitter and everyone coming up with ideas and suggestions for the government. Serial commentator Suhel Seth too joined the debate and suggested a symbol for the same.

“I think it is a great step for India” he said, further tweeting “the symbol for corruption can be an Open Palm holding a Lotus, signifying the unity and participation of all parties in this matter.”, which was immediately re-tweeted by his friends Lalit Modi and Vijay Mallya.

“Why waste the valuable time of the hard working IITians? Let’s adopt this symbol!” he added.

Meanwhile, in a completely unrelated development, fresh violence was reported in the Naxal hit areas due to the inability of the Congress to include the Maoists in the ongoing discussion on the Corruption Symbol.

News

California, USA. Concerned over the growing popularity of Paul the Octopus for accurately resolving people’s doubts, something for which a lot of people have relied upon Google search results, Google is reported to be developing its own Octopus, tentatively named “Google 8”. The Google Octopus could be launched anytime later this year and would be distributed and sold through retail stores unlike other google products that were distributed and sold through online downloads. “It would look like a real blood and flesh octopus and would be available in a small aquarium of 3x3x3 feet cubic size. But it would actually be an android running on Google’s complex search engine algorithm, improvised to resolve specific questions like which team could win a match or whether a person would get a job.” informed a popular tech blogger, even though Google declined to comment on the reports. Google 8, the Google Octopus, is ready to answer all your questions that ever bothered you Experts believe that Google was indeed worried over the popularity of Paul, the psychic octopus, who could correctly predict the results of all the FIFA world cup matches that Germany played. Earlier, Google was the one stop solution for a person in doubt, a position that now threatens to go to octopuses. “People would ask all kinds of questions to Google when something bothered them – Will I ever get married? When will I die? Is my neighbor a sex offender? Will Argentina win the 2010 world cup? Will Germany be a Muslim state by 2050? – but soon they could start flocking to octopuses for such queries and google could lose a considerable traffic.” explained an internet expert. Earlier Google had felt threat from the growing popularity of facebook and was believed to be working on development of “Google Me”, but it’s not clear if the internet giant could shelve the development of “Google Me” to launch “Google 8” in time. “I believe they would be wise to work on the Google Octopus at this moment as it threatens their primary business – the search engine market. Also, we have specific information that China is planning to flood global markets with smaller and cheaper octopuses that people could buy and keep in their homes to resolve their queries.” another expert opined. Faking News sources in China confirm that preparations are afoot to market tiny octopuses in smaller aquariums and brand them iPaul, something that hurts Google as well as Apple, two American corporate giants. The Chinese iPaul octopuses would be real alive octopuses and would be projected as having psychic powers similar to Paul the Octopus. Back in India, domestic babas too are concerned over the latest developments and are planning to protest the entry of iPaul and Google 8 into the Indian markets.

Save our Tigers

Recently I happened to watch a commercial which wasn’t meant for commercial purpose but for our tigers which are under constant danger of being diminished from mother earth. Their existence is under great threat. By whom? Of course, by us, the humans, who are killing tigers for what? nails, skin and body parts to make medicines to increase human potential for sex. We know it’s shameful but still hunting is going on and has not reached to such a danger level that only 1411 tigers are left.

Img src: http://saveourtigers.com

1411 is average estimate of India’s wild tigers, as per the monitoring exercise by Wildlife Institute of India in association with NTCA, Government of India in 2008.

I was talking about the commercial that I watched. Watch it below and feel the touch. A cute cub of tiger is waiting for her mother to return from hunting as it is hungry and thirsty. But little fact it knows that her mother might not even return! Why? Because, there are chances that she would be killed by humans. What happens to the cub then? The imagination itself is heart breaking.

Indians among 'most attractive' people in the world- Hindustan Times

Indians among 'most attractive' people in the world- Hindustan Times

Indians figure among the first ten in the list of the most attractive-looking people in the world while Americans top the chart, a new survey has found.

While the US, home to Hollywood hunk George Clooney and actress Angelina Jolie among others, has come first, the
second position is occupied by Brazil in the poll of more than 5,000 globe-trotting Britons.

Spain, which boasts Hollywood actress Penelope Cruz as one of its natives, has come third. Blonde, tanned surfers
of Australia saw it voted into fourth place, while Italy came fifth, according to the survey.

Sexy Swedes, such as model Victoria Silvstedt, helped the Scandinavian country into sixth spot, while England made
it to the seventh place in the poll.

India, home to Bollywood beauties like Aishwarya Rai Bachchan, Kareena Kapoor and Katrina Kaif, and heartthrob
Salman Khan, among others, has come eighth, while France came ninth and Canada finished off the top 10.

Other countries to feature in the top 20 include Portugal, Japan and Netherlands. Germany completed the top 20.

A spokeswoman for 'www.OnePoll.com', which carried out the survey, was quoted by The Daily Telegraph as saying,
"America has got a lot on offer and boasts some of the sexiest people on the planet.

"The likes of Jessica Alba, Jennifer Aniston and Brad Pitt all help America's image as a hot bed of good looking
people. But with a population of more than 300 million, they do have an unfair advantage.

"But in fairness, when you think of good looking countries, Sweden, Italy, France and Brazil talent all spring
to mind before us lazy, pale Brits. If you're looking for some fun in the sun you now know where to head on holiday."

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Apple Slashes Cost Of iTunes TV Show Downloads

Now, Apple is mulling reducing the cost of its iTunes TV show downloads to $1, reports PC World. Customers can get the discounted TV shows around the same time as the iPad's April release. TV downloads currently cost $1.99 for standard-definition and $2.99 for high-definition.

Wipro Receives NASSCOM IT Innovation Award

Wipro Technologies has bagged the NASSCOM IT Innovation Award in the Process Innovation category for the year 2009. Wipro received this award for its application services model – Cigma (Centre for Integrated Global Management of Applications). Cigma is Wipro's next-generation service management platform which enables the integration of BPO, IT and device management services. Cigma enables customers to manage IT outsourcing engagements through business linked KPI’s rather than traditional IT SLA’s. Cigma integrates cutting-edge technology and process elements to deliver stability of the client’s business platform at a lower cost, according to Wipro.

The NASSCOM Innovation Award recognises innovation in a company's business processes, models, inputs, go-to-market strategies, delivery models to realise significant business value.N. S. Bala, senior vice president, manufacturing business unit, Wipro (which incubated Cigma) said, "Cigma has contributed significantly in enhancing the depth of engagement with our customers as well as positioning us higher in the value chain. What is really exciting for our customers is that Cigma enables an integrated business process view of multiple services, thereby enabling better business outcomes."Congratulating Wipro, Ameet Nivsarkar, vice president, NASSCOM, said, "Innovation will be the biggest driver and differentiator in the coming years. The Indian IT-BPO industry has maintained an edge by constantly innovating, and not only new solutions but also new processes and business models. Wipro is the perfect example where technology has contributed significantly to streamline an internal process that will provide tremendous value to clients. This is the sixth year of these awards, and we hope that Wipro will benefit from the exposure it gains by being a recipient of this award."

Tata Tele, Future Group Announce New Telecom Brand—T24

Tata Teleservices Limited (TTSL) has partnered with Indian retail firm Future Group, to offer mobile telephony services under a new brand name, T24, on the GSM platform. The alliance brings the 'retailer-telco partnership' marketing concept to India. Under the partnership agreement, Future Group will sell TTSL GSM connections under the T24 brand-name to customers visiting its retail outlets across all formats and locations
Tata Teleservices Limited will commence the commercial launch of GSM operations under the brand name T24 shortly, starting with the telecom circles in South India.“This is a unique marketing alliance between a retailer and a telecom operator in India, and offers us direct access to millions of Future Group customers through its widespread retail presence across India,” said Anil Sardana, MD, TTSL. “T24 stands for Talk 24 and is a natural choice of brand-name for us in this unique partnership, one that it will provide customers with a dual advantage all 24 hours of the day — Shop More, Talk More and Talk More, Shop More.”Kishore Biyani, CEO, Future Group, added, “Customers will get shopping benefits for talking, and talk-time benefits each time they shop. This would also reinforce our presence in the consumption space—in keeping with Future Group’s vision of offering a unique shopping experience to our loyal customers, cutting across product and industry categories.”