Author: Mohit Gupta

Why HR should be the strongest team in any organization

We had shared an article on our blog http://faoblog.com/leaders-wrong/ in the group Top Talent Community: CXO CEO COO CFO CIO CSO CTO CPO President VP MD GM Director Head Jobs and more http://www.linkedin.com/groupAnswers?viewQuestionAndAnswers=&discussionID=5856609619270447107&gid=5169372&commentID=5871216673960247296&trk=view_disc&fromEmail=&ut=0-T_dB76Qi0mg1 We had an overwhelming response on the same. Here are some of the responses: HR is the backbone to any organisation.Though not as visible as the other Departments,but imagine,had they not identified the Show-windows of any Organisation like Finance,Operations etc during Recruitment,where would these organisations be ?? So if the backbone is not strong,the Body would collapse and same is the case in an organisation.Hail these...

Read More

7 Deadly Sins of Process Excellence – a Free e-book

7 Deadly Sins of Process Excellence – a Free e-book  Whether it’s designing systems and processes that don’t meet customer needs or it’s misaligned metrics, the potential pitfalls that can befall your process excellence program are many. This ebook takes a light hearted look at the 7 Deadly Sins of Process Excellence. Is your organization’s process excellence program guilty of any of them? Sin #1: Designing systems and processes that don’t meet customer needs Sin #2: Not involving your workers in process improvement Sin #3: Misguided & misaligned metrics Sin #4: Lack of process visibility and ownership Sin #5:...

Read More

Complimentary eBook on Problem Solving

Complimentary eBook on Problem Solving Have you ever wondered how effective leaders solve problems? Suresh Lulla, a distinguished alumnus of IIT Bombay, has made a mark through his work in the field of Quality. He is a professional with over 45 years of experience as a management consultant, speaker, trainer, and author. He founded Qimpro Consultants – India’s first dedicated Quality Management consulting firm – in 1987. Since its inception Qimpro, has helped save over INR 17,500 crores for organizations across industries. From the Foreword: “It takes more than a lifetime to discover who you really are. As one’s...

Read More

Build a Visual Dashboard in 10 Steps

Build a Visual Dashboard in 10 Steps iSixSigma Network in it’s relentless approach, has given a lot of articles of immense value. Today I share another one with you, on how to build a visual dashboard. Here is the article: ——————————————————————————– Three years into the Lean Six Sigma deployment at Ball Corporation (the company known for its glass canning jars), the process improvement team began a visual factory initiative. This initiative was intended to develop visual signs on plant floors that not only instruct employees about where to focus their energies, but also depict the health of the company. These visual cues...

Read More

AP – Creating the right business case for automation

AP – Creating the right business case for automation The accounts payable network has come up with another report on how to create the right business case for automating your AP. They recently published a free report on this. Here is the report: —————————————————– As a just-released survey of AP managers by The Accounts Payable Network (TAPN) reveals, the biggest single challenge to automating AP is securing CFO approval. TAPN’s new Special Report, Making AP Automation Happen: How to Create the Right Business Case for Your Automation Project, is designed specifically to aid AP managers in crafting a business case for...

Read More

Creating an AP Procedures Manual

AP Processes and Procedures: Creating an AP Procedures Manual Accounts Payable or AP in short is a critical function for any organization. Quite often the procedure manuals are written, on a theoretical basis, and they do not reflect the actual process in the organization. The Accounts Payable Network recently came across an article on this… Happy reading: ————————————————————————- When AnnMarie Bartolini, APS, Senior AP Analyst, started her job at FuelCell Energy, Inc. (Torrington, CT), she noticed a problem the first day of her training program. The written manual for the AP system did not match the actual steps employees...

Read More

Mobile Devices and Transforming Finance – Are Shared Service Centers Gearing Up?

The increasing penetration of mobile devices in the global financial sphere heralds an interesting future. While the advent and visible impact of technology on businesses has been noticed and documented in the international media the co-option mobile devices by the finance and banking world remains muted. In today’s world smartphones, android devices, mobile applications etc. enter our lives at a very early stage. For the present day young gaming generation these devices would have been tossed in their palms in the primary school while for the professionals the mobile devices are a commonplace. The  advent of mobile money to...

Read More

The Most Successful Leaders Do 15 Things Automatically, Every Day

The Most Successful Leaders Do 15 Things Automatically, Every Day Through the Learning and Development Group, I came across this great article, which is really inspiring and worth a read: ——————————————————— Leadership is learned behavior that becomes unconscious and automatic over time.  For example, leaders can make several important decisions about an issue in the time it takes others to understand the question.   Many people wonder how leaders know how to make the best decisions, often under immense pressure.  The process of making these decisions comes from an accumulation of experiences and encounters with a multitude of difference circumstances,...

Read More

So Many Leaders Get This Wrong

We had shared an article on HR. We received so many responses to the article, we thought it was important to share these. The article was at: http://faoblog.com/leaders-wrong/ Responses: HR is the backbone to any organisation.Though not as visible as the other Departments,but imagine,had they not identified the Show-windows of any Organisation like Finance,Operations etc during Recruitment,where would these organisations be ?? So if the backbone is not strong,the Body would collapse and same is the case in an organisation.Hail these silent performers ! By Lt.Col K P S Patali ———————————————- HR is having the pivot role in any...

Read More

Supplement FMEA with a Risk Priority Matrix

Supplement FMEA with a Risk Priority Matrix for Better Results by Dushyant Thatte and Sandeep Bhatt Within the world of risk management – a common aspect of improvement projects – there is a distinction between response and mitigation. A response is taken in reaction to risk, while mitigation is undertaken proactively. Thus, responses are implemented once risk materializes, and mitigation actions must be planned and implemented before a risk presents itself. The focus of this article is on mitigation actions and exploring both the limitations of a traditional risk analysis model and a method for overcoming these limitations. Urgency and Importance As with any aspect...

Read More

So Many Leaders Get This Wrong

In a large number of organizations, the HR team is quite a subdued group, with little authority and power. Recently, we came across an article by Jack and Suzy Welch on Linked in. HR should actually be the strongest team. Here is the article.. So Many Leaders Get This Wrong By Jack and Suzy Welch We’ve always said that human resources should be the most powerful part of an organization. So why, in reality, is its impact more often felt in a negative way? Because human resources, unfortunately, often operates as a cloak-and-dagger society or a health-and-happiness sideshow. Those...

Read More

ESOPS – Employee Stock Ownership Plans – Taxability

ESOPS – Employee Stock Ownership Plans – Taxability Last Friday, I had covered one plan for ESOPs in the UK in the Learning and Development Group, and on our Blog on Saturday- http://faoblog.com/esops-employee-stock-ownership-plans-taxability-4/ Another plan is Save As You Earn (SAYE) This is a savings-related share scheme where you can buy shares with your savings for a fixed price. You can save up to £250 a month under the scheme. At the end of your savings contract (3 or 5 years) you can use the savings to buy shares. The tax advantages are: –the interest and any bonus at...

Read More

Social Media Can Be The Savior of Your Small Business

Social Media Can Be The Savior of Your Small Business! We came across this article on Linkedin, great writeup for entrepreneurs. You might be wondering: “Is it okay if my small business isn’t growing?” The simple answer is NO! The fact is that 1 in 3 businesses will fail in the next 5 years. Why? Because the world of business is continuously evolving and changing. Businesses need to grow and adapt to stay ahead of their competition and ahead of their customers. But for many businesses it is human nature to simply avoid change and stay stuck in the...

Read More

ESOPS – Employee Stock Ownership Plans – Taxability

ESOPS – Employee Stock Ownership Plans – Taxability Last Friday, I had shared the basics of taxability of ESOPs in the UK in the Learning and Development Group, and on Saturday in our blog. http://faoblog.com/esops-employee-stock-ownership-plans-taxability-3/ In UK these work based on preapproved plans. I had listed the following plans. –Share Incentive Plans –Save As You Earn Schemes –Company Share Option Plans –Enterprise Management Incentive Schemes Share Incentive Plans (SIPs) – If you get shares through a Share Incentive Plan (SIP) and keep them in the plan for 5 years you won’t pay Income Tax or National Insurance on their...

Read More

Record to report / R2R – General Accounting – Cost Accounting

Record to report / R2R – General Accounting – Cost Accounting We had listed the process components for a general accounting – consolidation process. http://faoblog.com/processes-record-report-r2r-general-accounting-consolidations-3/ Another unnoticed process is cost accounting. I have seen this outsourced in a very limited number of organizations. Why unnoticed? Primarily because, most of the time, the mechanical components of a CFO office operations are targeted for cost reduction. They are treated as overheads, and hence the focus gets limited there only. On the other side the costing process contributes directly to the manufacturing cost, and hence is absorbed in the product cost. Thus it...

Read More

Organizational Process Flow: A River of Possibilities

Organizational Process Flow: A River of Possibilities There was a nice article on organizational process flow by Thomas A. Myers from the iSixsigma Network. Here it is: Fifteen years ago, a student of mine introduced me to the Toyota Way. As a participant in a project management program and then in a Six Sigma course, this young man (who happened to be across the world from me in Japan) began posting assignments using methodologies from his employer, Toyota. Later, that student became my teacher, or sensei, and I began to learn about Lean and how to implement it the right way. I had...

Read More

A Model for Implementing a 5S Program

We came across this great article from the iSixSigma network…. A Model for Implementing a 5S Program by Janet Bautista Smith The process improvement tool 5S (sort, straighten, shine, standardize, sustain) sounds like a simple concept to implement – and it is. But its simplicity is sometimes the cause of its early demise – it is easy to “do” 5S without much effort or strategic coordination, and thus without as much effect as possible. A 5S initiative can fall broadly into one of two categories: 1) department-specific wherein each department manages the 5S initiatives specific to the department, or 2) corporate-wide wherein...

Read More

ESOPS – Employee Stock Ownership Plans – Taxability

ESOPS – Employee Stock Ownership Plans – Taxability Last two Fridays, in the Learning & Development Group,  we gave you an overview of the taxability of ESOPs in India and the US. http://faoblog.com/esops-employee-stock-ownership-plans-taxability/ http://faoblog.com/esops-employee-stock-ownership-plans-taxability-2/ In the UK, the ESOP schemes need to be approved by the government for becoming eligible for tax benefits. In most schemes, there is a minimum holding period, and if an employee sells the shares, the proceeds become taxable. So, in the UK if your employer offers you company shares as part of a government approved share scheme you get tax advantages, like not paying...

Read More

ESOPS – Employee Stock Ownership Plans – Taxability

ESOPS – Employee Stock Ownership Plans – Taxability Last Friday we covered the taxability of ESOPs in India.  http://faoblog.com/esops-employee-stock-ownership-plans-taxability/ Let us look at some taxability provisions related to ESOPs, in the United States: ESOPs have a number of significant tax benefits, the most important of which are: Contributions of stock are tax-deductible: That means companies can get a current cash flow advantage by issuing new shares or treasury shares to the ESOP, albeit this means existing owners will be diluted. Cash contributions are deductible: A company can contribute cash on a discretionary basis year-to-year and take a tax deduction for it,...

Read More

ESOPS – Employee Stock Ownership Plans – Taxability

    Last Friday we shared a sample plan on ESOPs  in the L & D Group. Hope that was simple and easy to understand. http://faoblog.com/esops-employee-stock-ownership-plans-sample-plan/ Let us look at some taxability provisions related to ESOPs, starting with India: Taxation of ESOP’s in India There have been various changes in the taxation of ESOP’s in the past 20 years. The Government finally seems to have found a logical way of taxing ESOP’s. The manner of computation of Tax of ESOP’s in the hands of the employee has been explained hereunder:- At the time of giving ESOP’s: The benefits arising on...

Read More

Subscribe via Email

Enter your email address to subscribe
to this blog

Pin It on Pinterest