Corporate Big-Wigs Converge at Great Lakes Institute for Human Resource Conclave

Corporate Big-Wigs Converge at Great Lakes Institute for Human Resource Conclave
Post-event Press-release

About the current and future state of HR, he said, "Short term priorities like recruitment play a more important role than the overall objective of talent management. HR, in future, has to be focused on cultural related issues. Professional bodies have to

play an important role in this regard. They have to evolve in handling cultural related issues. And HR bodies have to understand what is it to hire from diverse cultures and retaining them."

Mr. R. Chandrasekharan said, "Globalization is no more by choice but embedded in the growth strategy." He talked about the importance of cost and intellectual arbitrage. Elaborating on intellectual arbitrage, he said, "It is important to understand the DNA of organization because the strategy has to be defined based on DNA. If DNA is not understood in the right spirit, further processes may not be effective and put to best use. In the global sourcing of employees from different countries, it's important to source talent at different locations. A key competence of the organization is its ability to source talent from different countries. A key issue is keeping the different cultures motivated to work for the organization. Organization puts a global and open mind-set in its HR policies. HR facilitates different teams interacting among in a virtual environment. With different cultures and value systems in place, it's important to ensure uniform performance standards across subsidiaries of the organization."

Dignitaries Addressing Students During HR Concalve at Great Lakes

The inaugural session was followed by Keynote Addresses on the theme, 'Integration of Corporate Cultures & People Management Post-Merger'. The panel for this session included Dr. Chandrasekhar Sripada, President HR, Capgemini Consulting India Pvt. Ltd., Mr. Allen Sequeira, Sr. VP HR, Mahindra & Mahindra Ltd., Mr. Anuj Kumar, Associate Director HR, CSC, Dr. K. Prabakar, VP Corporate HR, Apollo Hospitals. The session was chaired by Mr. Ganesh Chella, Founder & CEO, Totus Consulting.

Mr. Ganesh Chella, while talking about the challenges in M&As, mentioned that the prime challenge in successfully achieving M&As is of Cultural Integration. The challenges differ on the scale at which the M&A happens. Talking about the diversity within the companies being merged, he said that diversity is good and that the challenge is not to erase it but to manage it.

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* Contributed by -
Ranjit Shankar (Campus Associate),
Class of 2009,
Great Lakes Institute of Management, Chennai.

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