Size ém UP errrrr. DOWN

This was a comment I sent in response to a poll on downsizing in a blog I follow. Basically the writer was asking a few questions on reasons behind downsizing. I thought I should not lose what I wrote and therefore this post. If you are keen to read up the original post by the writer I have given the web address at the end of this post. Being a bong, there is this socialistic streak in me. Given that, I feel its a larger question of whether its the right economic system where absolutely everything is decided upon by the market. Most companies, when the going is good, do not ever strategize for bad times in spite of the finance manager trying to be the internal devil’s advocate. There is also this issue of most organizations not strategizing in a scientific manner regarding human resourcing. Most HR managers are not really allowed to apply their skills and thoughts in an organization, where most of then not everything is decided upon by line. If you take the IT sector, these body shopping guys(Infosys is the largest!!!) kept having huge benchstrengths where the people had no work. And then there is some catastrophe and people have to be sacked. More and more now, people should be careful about selecting organizations who they think are employee prone in thought and practice. HR cult has to flow from the operating managers. And of course the “D” of the HRD is a mostly a joke in most Indian companies. And organizations need to build a culture of truth. Most metrics that are published are not true and window dressed. The Balance Sheet is ofcourse the biggest lie of them all. An instance I want to share with you. A bank in Dubai published their 2008 figures last week where they declared a Net Profit of 500 Million AED. Would you believe that 1000 million AED was received as a grant(due to liquidity crisis) from the Emir which was shown as an Income instead of increasing the capital or reserves. They had actually made a loss of 250 million AED. In Indian companies we have over or under invoicing, there is no standard of ethics for human beings, the system is corrupt. As I mentioned earlier, the truth is only know to the top and the people below and the general public are thought to be stupid. so when senior managers talk about work ethics and the philosophy of developing their human resources, I take it with a pinch of salt. The proof after all is in the eating.

The link: www.bullzi-inc.com/polls/05052009/when-is-it-right-to-downsize/ Sphere: Related Content