TVR LS            Hurconomics          A Re-look at Economics of HR                   Interventions              National ...
TVR LS         2
85 Managers of a company                were asked the following                       questionsTVR LS            To what...
To what extent did you have         clearly set work plan for the last six                   months?( n= 85)TVR LS   100%...
TVR LS      28% Unplanned work or time       Wasted due to lack of clarity     i.e. Nearly twenty four persons   time wast...
TVR LS          If a manager’s boss does not         share the same work plan and         priorities as the manager what  ...
Extent seniors shared sameTVR LS   understanding of work plan and            priorities in last 6 months     100% = 20 Ma...
Extent to which managers wereTVR LS             able to put to use their           capabilities in last 6 Months     100%...
Extent to which Clear aboutTVR LS         their Priorities for the Next six                      months   100% = 26 Manag...
TVR LS         What do you think of this            company’s PMS?                                     10
TVR LS         Do you know the following?   If you are paying ten thousand rupees a month    to secretary in your departm...
TVR LS                  Talent and Time   Talent has become scarce and it has    become strategic   Hurconomics is a way...
How much does a tea breakTVR LS     cost to the company?                                     13
TVR LS  What should be the agenda of a  meeting of the Board or a sales    team or a daily production             meeting?...
How much does it cost to         have a PRD? What returns              can you expect?TVR LS   Take the example of MRs an...
How can you recover             investments on recruitment              if your retention rates areTVR LS                 ...
How can you calculateTVR LS         training investments and           ensure returns to the                    full?   F...
TVR LS      How much are you           spending on your HR           department? Are you         getting the best from it?...
TVR LS         How does HR contribute to           your intellectual value         addition and share holder              ...
TVR LS         Open Forum            Thank You         tvrao@tvrao.com                           20
Upcoming SlideShare
Loading in …5
×

Hurconomics: HR Economincs

1,280 views

Published on

Facilitated by: Dr. TV Rao

Published in: Business
0 Comments
2 Likes
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total views
1,280
On SlideShare
0
From Embeds
0
Number of Embeds
143
Actions
Shares
0
Downloads
0
Comments
0
Likes
2
Embeds 0
No embeds

No notes for slide

Hurconomics: HR Economincs

  1. 1. TVR LS Hurconomics A Re-look at Economics of HR Interventions National HRD Network Virtual Learning session October 18, 2012 1
  2. 2. TVR LS 2
  3. 3. 85 Managers of a company were asked the following questionsTVR LS  To what extent did you have clearly set work plan for the last six months?  To what extent did your seniors with whom you work shared the same understanding of your work plan and priorities in the last six months?  To what extent are you able to put to use most of your capabilities in the last six months?  To what extent are you clear about the work plan and priorities for the next six months?  They were asked use the following scale: – 100% = fully, 75% = Mostly, 50% = somewhat, 25% = A Little, 0% = Not at all 3
  4. 4. To what extent did you have clearly set work plan for the last six months?( n= 85)TVR LS  100% = 11 Managers  75% = 59 Managers  50% = 10 Managers  25% = 5 Managers  0% = None  Calculate the Percentage of un-planned work which may be a wastage. 4
  5. 5. TVR LS 28% Unplanned work or time Wasted due to lack of clarity i.e. Nearly twenty four persons time wasted in last six months due to unplanned work or 12 person- years of unplanned work 5
  6. 6. TVR LS If a manager’s boss does not share the same work plan and priorities as the manager what are the consequences to the individual, his boss and the organization? 6
  7. 7. Extent seniors shared sameTVR LS understanding of work plan and priorities in last 6 months  100% = 20 Managers  75% = 32 managers  50% = 20 Managers  25% = 9 managers  0% = 1 Manager  Calculate the percentage of non congruence of work plans and the consequent damage to the organization.  In this case 31% non congruence 7
  8. 8. Extent to which managers wereTVR LS able to put to use their capabilities in last 6 Months  100% = 11 Managers  75% = 39 Managers  50% = 28 Managers  25% = 5 Managers  0% = 0 Managers  Percentage of Unutilized competencies = 33 8
  9. 9. Extent to which Clear aboutTVR LS their Priorities for the Next six months  100% = 26 Managers  75% = 38 Managers  50% = 16 Managers  25% = 3 Managers  0% = None  Level of Plan Congruence = 76%  If this is your data are you happy with this? 9
  10. 10. TVR LS What do you think of this company’s PMS? 10
  11. 11. TVR LS Do you know the following?  If you are paying ten thousand rupees a month to secretary in your department he/she is costing you one rupee a minute.  A thirty thousand rupee salary person costs rupees three a minute.  A manager with a CTC of 12 lakhs costs Rs. 600 an hour and Rs. 5,000 a day  What do you think is the ROI this manager is expected to give to the company? 11
  12. 12. TVR LS Talent and Time  Talent has become scarce and it has become strategic  Hurconomics is a way of measuring talent through costing time  The concepts I have used in this context are: – COT = Cost Of Time – R- COT = Real Cost Of Time – O-COT = Opportunity Cost Of Time 12
  13. 13. How much does a tea breakTVR LS cost to the company? 13
  14. 14. TVR LS What should be the agenda of a meeting of the Board or a sales team or a daily production meeting? 14
  15. 15. How much does it cost to have a PRD? What returns can you expect?TVR LS  Take the example of MRs and monthly meetings or their quarterly PRDs  How do you get the best out of these PRDs or meetings? 15
  16. 16. How can you recover investments on recruitment if your retention rates areTVR LS low?  Induction?  Integration? 16
  17. 17. How can you calculateTVR LS training investments and ensure returns to the full?  Five conditions for making training an investment  Estimate the time needed to recover the cost of training in conflict management between two Senior Managers who use about 120 e-mails a year due to differences of attitudes? 17
  18. 18. TVR LS How much are you spending on your HR department? Are you getting the best from it? 18
  19. 19. TVR LS How does HR contribute to your intellectual value addition and share holder value? 19
  20. 20. TVR LS Open Forum Thank You tvrao@tvrao.com 20

×