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Economic Times Editorial
English Resources Drop in with your Reading Comprehension, Verbal Ability, Logic and related queries.

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khushi4406 khushi4406 is offline
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Re: Economic Times Editorial - 01-01-2007, 12:54 AM

sure .... this thread wont go into hibernation ...dnt worry logic ...
i'll surely b an active member ..
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Re: Economic Times Editorial - 01-01-2007, 12:54 PM

Today's FACEOFF (dunno if posting here is copyright violation:
Quote:
Are IIM graduates overpaid?




R SURESH
MD, Stanton Chase International They deserve globally competitive rewards
THE biggest challenges which business corporations, professional services firms and other organisations are facing today globally are finding and tapping growth opportunities on the one hand and acquiring talent to cater to growth and efficiency of their units, on the other. And the growth itself seems to come out of emerging markets which predominantly includes India and China. The growth strategy can be best chalked out by Indian talent not only of Indian market operations but also the rest of the emerging markets as a block. The Indian talent is of premium importance to global corporations to find and fuel growth opportunities.
The global corporates have taken a special fancy for young IIT & IIM graduates who not only bring the power of analysis to real life’s financial and business situations but also sport a simple attitude. This way by their IQ and attitude they have out-scored their western counter-parts in more dimensions than one.
The only aspect which Indian talent may lack is probably to lead multinational multi-cultural teams but the way the Indian talent is getting show-cased, it will impact the global leadership as well, sooner than later. This is where IIM graduates come in. The sheer quality of input to these institutes which is “students” themselves, with high levels of training and education they receive during the two years and the hunger to charge into the global arena, an IIM graduate is a sitting duck for global corporations to capture. They have the skill-in-the-game & attitude and hence it is a no-brainer that they have to be paid at par with the Ivy league schools in the US.
Further, if one deeply analyses financial companies and the consulting firms where smoke-stack pay scales are more prevalent, these firms depend on individual creativity and drive, which are raw materials or feed-stock for their businesses. So these firms end up recognising that IIM graduates are worth the dollars they are paid for. It is these financial companies and consulting firms which will continue to flock the IIMs, do the cherry picking and pay the premium. If the pipeline builds up all the way into the higher echelons of these firms, you will see a whole lot of Indian-origin global chief executives 10 years down the line!



K RAMKUMAR
Group Head, HR ICICI Bank Compensation benchmarking is unreliable
THERE are three categories of companies that go to premium business schools for on-campus recruitment. The first category is made up of Indian companies, which have been around for long and have a tradition of professional management, and MNCs with long-standing presence in the country. Almost all these companies are listed on Indian stock exchanges, and that compels them to have proper governance structures in place. Proper governance structures ensure board members understand the remuneration dynamics in India very well. So, they are unlikely to make uninformed decisions, and would pressure the management to justify the value equation for every rupee paid to an employee.
As a result, category-1 companies do not seek to lure people merely with money. They offer a package deal of competitive pay, challenging work and investment in learning. Campuses may argue that challenging work and opportunities to learn are also available outside India, where the remuneration package is also big to boot. But such claims — based on deliberately confusing an economy with double-digit GDP growth rate with economies that grow at 4.5-5% — are meant to hide the fact that remuneration is more important than other opportunities.
Consulting firms and MNCs that have come to India basically use campuses as a centre for labour arbitrage. As for category 2, the reason why consulting firms can afford this kind of wage premium is because they charge their Indian customers a global price. On the other hand, nonconsulting firms get away without having to justify value-addition because the revenue and the cost of these organisations are insignificant rounding-off errors in their parents’ otherwise stringently kept books.
Also, compensation benchmarking, which enables companies in mature economies to reliably determine their wage structures, is suspect here because of poor disclosure norms. Compensation managers of category-2 MNCs do not recognise that. Any company, save consulting firms and investment banks, that pays a fresher salary in excess of Rs 9-10 lakh a year is overpaying. Unless recruits deliver 10 to 12 times of their salary as profit in the retail domain, and around 100 times in the wholesale space, their salaries cannot be justified.
Friends, I am unable to fully comprehend the nitty-gritties of Mr K Ramkumar's stand which from a hardcore HR perspective. Can someone please unobfuscate?


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Re: Economic Times Editorial - 02-01-2007, 01:09 AM

Quote:
Originally Posted by scarletyoke View Post
Today's FACEOFF (dunno if posting here is copyright violation:
Friends, I am unable to fully comprehend the nitty-gritties of Mr K Ramkumar's stand which from a hardcore HR perspective. Can someone please unobfuscate?
same here ... failed to comprehend this Mr K Ramkumar's piece of writing fully ..
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Re: Economic Times Editorial - 11-01-2007, 02:14 PM

Hi All,
This is quite surprising that a wonderful thread like this is fading.... I am a regular reader of this site and i didnt find a better thread to improve the comprehending skills and GK... Guys we need to take this thread very seriously.... i feel that these kind of thread should be the usps rather than having a thread to speculate things... any takers??

Pls...pls give valuable contributionssss..



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Re: Economic Times Editorial - 12-01-2007, 11:07 PM

Quote:
Originally Posted by manu_pr28 View Post
Hi All,
This is quite surprising that a wonderful thread like this is fading.... I am a regular reader of this site and i didnt find a better thread to improve the comprehending skills and GK... Guys we need to take this thread very seriously.... i feel that these kind of thread should be the usps rather than having a thread to speculate things... any takers??

Pls...pls give valuable contributionssss..
xactly... but ... i in coll dnt hav any access to ET .... so m totally dependent on other's contribution ...plss..post in the material ..!!
this thread is veryy useful one ...but hardly thr r any posts as it shld hav been ...
c'mon puys ... :neutral:
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Re: Economic Times Editorial - 13-01-2007, 10:03 AM

Hi nice to c a forum on ET editorials

i also wannu join with u ppl..but before that can some one help me out

can u or someone tell me the list of books one need to start with to improve RC skills and vocab

1. is reading news papers alone help for rc or we need to do something extra(ofcourse readin news papers doesnt mean that jus reading them..we ve to read it in a way that we get something out of it..new words..increase our compre ability)

2. is there any good book for improvin our reading skills

3. will fiction and non-fiction help..in that case can u tell me a list of good books

4. is it necessary to mug up a word list..like barrorns..will that help in CAT and other exams

5. should i ve to give more emphasis on grammer and books like word power made easy..?


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Re: Economic Times Editorial - 13-01-2007, 01:22 PM

Hi,
Sorry to make a small correction.. It is not 'grammer' .. it is 'grammar'.. i feel that muggging up will not help you in a big way... instead of that if you can read daily the below items meticulously i feel that the RC skills and vocabs can be improved... I am also doing the same thing.. and believe me these are not rocket science..

1. ET editorials
2. Any English daily.. I Would prefer Hindu... with this two you can cover some good sectors..
3. Some philosophical stuffs. et al.
4. Some scientific stuff
5. Some literature related..

If you can really put in your effort in these lines it will be very useful.. not only for CAT but for years to come.... and you can really shine in GDs...

These suggestions are open to debate..


The only way of finding the limits of the possible is by going beyond them into the impossible.........

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Re: Economic Times Editorial - 13-01-2007, 07:25 PM

yup .... all of the above will help alot ...
but focus mainly on editorials (ET & HINDU)
nd ..philosophical stuff will b of gr8 help too ..

but plss.... someone post some ET editorials ..
plsssss
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Re: Economic Times Editorial - 13-01-2007, 08:05 PM

At last,
I found a thread where i can contribute a little.
I do regularly get ET(Mon-Fri as sat and sun it is bit costly ).
I can post the Editorial daily or at the worst case twice in a week
covering all the Editorials for that particular week.

I'd post last weeks Editorial tomorrow...Before that

1. We shouldnt stop by just posting that Editorial.

2. We should also mark the words that we r not able to make out.

3. At the End Of the week after posting the Last Editorial for that week
saturday/sunday we have to post all the words what we have learnt in that
week.Without which we shouldnt move ahead..

4. We MOnitor this for a month and after that we shall decide how shd we go ahead..

Do u agree friends???


Regards,
Seshadri
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Re: Economic Times Editorial - 13-01-2007, 08:57 PM

Here's one article ...a bit different.. only for u folks...enjoy

Immunising the self to one's happiness


Wallis Simpson, the woman for whom King Edward sacrificed the throne of England, once said you couldn’t be too rich or too thin. Had she been familiar with weird science emerging out of an outfit called the American Mental Health Consortium, she might also have warned you against the dangers of being too happy or getting too lucky for your own good.

Happiest folks around the world supposedly face the risk of developing a newly identified syndrome called ‘Post-Euphoric Bliss Disorder’. According to the consortium’s spokesman, the ‘serenity disease’ that can turn extreme good luck into devastating misfortune is most likely to develop after the sudden death of an unloved one, winning the lottery, or passing the bar.

That’s when victims of the disease begin to suffer from an enervating series of flashbacks capturing their original moment of glory. So if a bliss-sufferer’s fifty-room mansion catches fire in the fireworks of birthday celebrations, or if his private jet suddenly stalls at 40,000 feet, he could be so lost in his reverie of prior happiness that he is unable to save himself.

The pathology of repeatedly going into ‘good times past’ could be a mirror image what happens during post-traumatic stress disorder. The only difference is that bliss replaces negative trauma, to cause similar debilitation from excessive indulgence of positive recall.

Malcolm Renner who allegedly made a billion-dollar killing in the sale of his website recently is one such victim who almost died because of his body’s inability to ‘metabolise’ excessive happiness: He found himself completely paralysed by joy, while being barely able to tell that his Masserati was teetering on the edge of a mountain road in Tuscany.

Luckily, for him the supermodels in his back seat had been nibbling on celery stalks for breakfast: had they been an ounce lighter, he said he wouldn’t have been there to warn people about the dangers of having too much happiness!

Those wanting to protect themselves from going over the top with extreme good fortune are advised to practise exposure therapy, to immunise themselves to their happiness.

One exercise offered by the consortium involves swimming in a room filled to the brim with cash like Uncle Scrooge often does in Walt Disney’s Duck Tales. This reportedly desensitises you to problems of plenty. Hair shirts and carrying of crosses may be cheaper.

Immunising the self to one's happiness-Editorial-Opinion-The Economic Times


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