{"id":43989,"date":"2016-12-06T12:36:54","date_gmt":"2016-12-06T07:06:54","guid":{"rendered":"http:\/\/www.jaipuria.ac.in\/blog\/?p=43989"},"modified":"2016-12-06T12:36:54","modified_gmt":"2016-12-06T07:06:54","slug":"cfo-asks-ceo-what-if-we-invest-in-developing-our-people-and-they-leave-us-and-ceo-said-what-if-they-dont-and-they-stay-a-session-with","status":"publish","type":"post","link":"https:\/\/chekkup.in\/jaipurianewsite\/cfo-asks-ceo-what-if-we-invest-in-developing-our-people-and-they-leave-us-and-ceo-said-what-if-they-dont-and-they-stay-a-session-with\/","title":{"rendered":""CFO asks CEO 'what if we invest in developing our people and they leave us' and CEO said, 'what if they don't, and they stay?"-a session with Mr. Vinod Chaturvedi, Chief Human Resource Officer and Head, Aditya Birla Group"},"content":{"rendered":"

\"vinod\"Second year students, specializing in Human Resources (HR) at Jaipuria Institute of Management, Lucknow had a privilege of gaining knowledge from a Guest Session that was a part of the course on\u00a0Training and Development. \u201cCFO asks CEO \u2018what if we invest in developing our people and they leave us\u2019 and CEO said, \u2018what if they don\u2019t, and they stay?,\u201d was the catchy theme of the session held on 12th of November. As expected it had many real life anecdotes and learning experiences for students.<\/p>\n

The session held under the guidance of Prof. Pallavi Srivastava, Assistant Professor, Area Chairperson, HR & OB, Jaipuria Institute of Management, Lucknow brought Mr. Vinod Chaturvedi, Chief Human Resource Officer\u00a0and\u00a0Head, Group Centre of Expertise – Employee Relations, Aditya Birla Group, Mumbai to the campus to share his vast experience with the students. Thrilled to be amongst young minds from the institute he set the discussion up with a session on the crucial topic of “Strategic role of HR in Employee\u00a0Development”. <\/p>\n

Mr. Chaturvedi highlighted the\u00a0importance of HR strategy in the development of employees. He then spoke about strategy when he said, \u201cWhat you want is vision and how you want to achieve that vision is strategy. You have to understand that today HR strategy has to be aligned to business strategy.\u201d According to him, Business Strategy is divided into four different elements for Manufacturing, Finance \/ Cost, Marketing and People. <\/p>\n

He then went on to talk about employee needs and employer needs, which are quite different. He believes understanding employee psychology is important for development. Mr. Chaturvedi said, \u201cTwo things should be seen in strategic employee development – the employee gets satisfaction in the form of employability and the organization in turn should get some value (ROI). 10% attrition is healthy in an organization as new ideas should also come in with fresh recruits.\u201d<\/p>\n

While sharing his experiences Mr. Chaturvedi tried to instill amongst students the fact that employee development\u00a0is important as there is cost associated with employee turnover. \u201cIt involves direct cost of termination, vacancy, recruitment, Selection and Hiring, and Orientation and Training, while indirect costs are for productivity of the worker, co-worker, the supervisor, increase in defect and cost of productivity of the new hire during transition,\u201d he spelt out.<\/p>\n

Mr. Chaturvedi then touched upon a crucial differentiation between intelligence, which is information stored while talent is delivery of that information. He used performance-potential matrix or inverted-L model diagram used for Talent segmentation to good effect. He also added that training is task driven and development is goal driven.\u00a0He then shared 70-20-10 principle of Do (results) – Share (Skills) \u2013 Learn (Knowledge) with the participants.<\/p>\n

Finally, the expert with years of experience shared tips for those who wanted to carve a niche for themselves in the world of HR. \u201cTo be a Star HR professional you should understand the core subject and learn the core concepts taught in Organizational Behavior and HRM in the first year. You have to be human engineers because you have to understand human minds,\u201d he ended his interactive session on a high note. <\/p>\n","protected":false},"excerpt":{"rendered":"

Second year students, specializing in Human Resources (HR) at Jaipuria Institute of Management, Lucknow had a privilege of gaining knowledge from a Guest Session that was a part of the course on\u00a0Training and Development. \u201cCFO asks CEO \u2018what if we invest in developing our people and they leave us\u2019 and CEO said, \u2018what if they […]<\/p>\n","protected":false},"author":1,"featured_media":43992,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[105,77],"tags":[],"class_list":["post-43989","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-jaipuria-lucknow-whats-new","category-whats-new"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/chekkup.in\/jaipurianewsite\/wp-json\/wp\/v2\/posts\/43989","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/chekkup.in\/jaipurianewsite\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/chekkup.in\/jaipurianewsite\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/chekkup.in\/jaipurianewsite\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/chekkup.in\/jaipurianewsite\/wp-json\/wp\/v2\/comments?post=43989"}],"version-history":[{"count":0,"href":"https:\/\/chekkup.in\/jaipurianewsite\/wp-json\/wp\/v2\/posts\/43989\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/chekkup.in\/jaipurianewsite\/wp-json\/wp\/v2\/media\/43992"}],"wp:attachment":[{"href":"https:\/\/chekkup.in\/jaipurianewsite\/wp-json\/wp\/v2\/media?parent=43989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/chekkup.in\/jaipurianewsite\/wp-json\/wp\/v2\/categories?post=43989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/chekkup.in\/jaipurianewsite\/wp-json\/wp\/v2\/tags?post=43989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}