Milagrow MHRD Newsletter

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	Welcome to the 4th edition of the Milagrow HRD Newsletter which focuses on the HR needs of SMEs. Milagrow Human Resources Newsletter titled 'MHRD' (Milagrow Human Resources Development) is an e-publication focussed on providing the latest Human Resources (HR) news, trends, experts opinions and event happenings in the constantly evolving area of HR. This month's theme is “People Challenges - How to Retain Talent?”. Mr. Umesh Chaudhary, HR Manager, Ritu Wears shares his learnings for hiring and retaining the right talent. Please send in your comments to Sudipa Kundu at: sudipa.kundu@milagrow.in

“People Challenges-How to Retain Talent?”

Interview with Mr. Umesh Chaudhary,HR Manager-Ritu Wears

Today’s growing “war for talent” is making it more and more difficult for organizations to keep current employees and to find qualified replacements. In such a growing economy the market is full of jobs and at such juncture retaining and hiring right talent is a challenge before HR. Retaining talent is topmost HR agenda for 2010.

HR ARTICLE

People Retention - an SME challenge

“Take away my people, but leave my factories, and soon grass will grow on the factory floors. Take away my factories, but leave my people, and soon we will have a new and better factory.” - Andrew Carnegie

SPECIAL FEATURES

Employee benefits: Which ones are surviving the weak economy?

The Society for Human Resource Management (SHRM) has released a new report showing that 63 percent of HR professionals say the economic recession negatively affected their organization's employee benefit offerings "to some extent," over the past year. About a third (28 percent) said the recession didn't have any effect on their employee benefit packages, with only nine percent reporting it had a "large" affect on what they were able to keep providing to their employees.

MSMEs Woes: Solution Lies in Neo Liberal Policies

As far as the present position of the micro, small and medium enterprises (MSMEs) goes one has to factor in the adverse impact of the Great Recession of 2007-08 and its continuation in some forms. The general findings provide significant evidence of an overall decline in SME business during the last three quarters of 2008.

Sustainable CSR should be the mantra for Corporate India

Sustainable Corporate Social Responsibility initiatives which are directly or indirectly rooted in the business of an organization were the key to promote equitable economic development of the country. The role of CSR especially from the point of view of IT Companies, was extremely important in bridging the digital divide prevalent in the country and help the local economy.

Surge in SMEs' Business Confidence

Small and Medium-sized Enterprises (SMEs) recorded the biggest jump in confidence level among their Asian peers in the second quarter this year, posting a 19-point increase in a business confidence index created by HSBC.

Confidence is High Among Small Businesses Globally

Many small businesses around the world, especially in Turkey and the Middle East, plan to boost investment and hiring, a survey at a time when the global outlook is increasingly uncertain.

MILAGROW IN NEWS

Philips' New Design for Growth

After tying up with Videocon for TV, Philips wants to focus on smaller segments of the consumer electronics market where the Koreans aren’t aggressive Philips wants to grow at double the rate of the country’s gross domestic product.

Indian SMEs plans to raise IT budget by 80% in 2010

Small and medium enterprises (SMEs) are expected to loosen restricted information technology (IT) budgets, take to social networking, increase adoption of “software as a service” (SaaS) and mobile applications.

IT4SMEs- The Milagrow Way

Milagrow launched IT4SME's,IT initiative aimed at providing affordable and effective IT solutions for small and evolving businesses.Sage announced its Partnership with Milagrow Business & Knowledge Solutions to address the business automation requirements of the burgeoning SME sector in India.Speaking on this occasion, Thomas Abraham, Managing Director, Sage India said, “IT Industry by - and large has failed the small business cause in India -through poor quality missed deadlines.

Milagrow Launches New Website to provide IT Solutions for SMEs

Keeping in mind the growing information technology (IT) needs of the micro, small and medium enterprise (MSME) sector, Milagrow Business and Knowledge Solutions has launched a new website 'IT4SMEs' to provide IT solution to for small and growing businesses in India.

Sage partners with Milagrow to promote Business Applications in ERP, CRM & Payroll to SMEs in India

Sage today announced its Partnership with Milagrow Business & Knowledge Solutions to address the business automation requirements of the burgeoning SME sector in India.

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Volume I, Issue IV
August 2010

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Disclaimer: The information contained in this Newsletter is to the best of our knowledge, accurate and complete. However, since the information has been gathered from varied sources, Milagrow accepts no responsibility for the accuracy or completeness of the information herein and same is subject to errors, omissions, etc. The articles in the newsletter other than those written by Milagrow associates are the IP of the original owners and in no way does Milagrow benefit from them, financially. Milagrow newsletter is a service with no charge to the MSMEs, who may not have access to such material otherwise. All Disputes shall be subject to the sole Jurisdiction of Gurgaon courts.

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