A typical method adopted by companies to meet the talent deficit includes deputing professionals from global centers of MNCs or local IT services companies in countries such as India, China, Philippines, and Brazil. The deputed workforce is staffed on projects for a defined period and usually acts as an interface to employees working at the global/offshore locations. Sourcing talent in this way helps companies to meet critical business requirements.
Emergence of a truly global work forceNair and Co.
As employers around the world face a talent crunch for accounting and finance professionals, the time is ripe for the emergence of a truly global work force—people who are talented and can accomplish anything, anywhere. We are talking about economies with massive accounting needs and tax and compliance regulations Byzantine enough to challenge the Rubik’s cube. As a finance professional, it is time to start thinking about your opportunities globally.
Understanding Cost and Talent CharacteristicsZinnov
The primary objective of this article is to explore the cost characteristics of the global technology talent. Several economic factors also dominated the year 2011 including reduced consumer spending in the US, European debt crisis, and economic policy issues in Asia. The economic factors have medium to long term impact on the cost and availability of global talent pool. In addition to explaining cost characteristics of the global technology talent, this article will also examine the relationship between talent pool and macro-economic factors.
Emergence of a truly global work forceNair and Co.
As employers around the world face a talent crunch for accounting and finance professionals, the time is ripe for the emergence of a truly global work force—people who are talented and can accomplish anything, anywhere. We are talking about economies with massive accounting needs and tax and compliance regulations Byzantine enough to challenge the Rubik’s cube. As a finance professional, it is time to start thinking about your opportunities globally.
Understanding Cost and Talent CharacteristicsZinnov
The primary objective of this article is to explore the cost characteristics of the global technology talent. Several economic factors also dominated the year 2011 including reduced consumer spending in the US, European debt crisis, and economic policy issues in Asia. The economic factors have medium to long term impact on the cost and availability of global talent pool. In addition to explaining cost characteristics of the global technology talent, this article will also examine the relationship between talent pool and macro-economic factors.
In this hypercompetitive economic scenario, the key differentiator for organizations is not just talent but the right kind of talent. Given this reality, organizations have had to come up with innovative recruitment strategies to stay ahead of the curve. Zinnov takes a look at some of the best practices that have emerged which are changing the employee context and the battle for premium talent.
This report highlights some of the key trends on the top spenders and their operations in India and other global locations. The report reveals interesting differences in trends based on industry verticals and geographical preferences for R&D investments.
Global Virtual Reality market size is estimated to grow tenfold by 2020 to about USD 30 Bn; anticipating the surge, large enterprises are acquiring smaller niche startups in this area.
Dominique Cerutti : Leading the disruptions | Zinnov Confluence '16 MunichZinnov
Keynote delivered by Dominique Cerutti, CEO Altran
While the emergence of AI announces a new wave of breakthrough technologies and innovations which will shake up industries organizations and operations, Dominique Cerutti will explore in his speech the different strategic orientations that industry leaders must envisage to manage innovation in their organizations. How to drive and organize a variety of ER&D activities and focus on value adding areas? Which type of partners and engagement policies shall be set up to leverage on the new opportunities revealed by the disruptions ahead?
Simon Best : Change, disruption and opportunity | Zinnov Confluence '16 MunichZinnov
Keynote delivered by Simon Best, Head of New Business, CIS, Airbus Defence & Space
Technology evolution is relentless yet increasingly incremental – often leading to shorter windows of business opportunity per investment. Companies therefore need to be ever more agile to continuously evolve their core products, explore new areas and know when and where to shift to capture new opportunities. Many companies have a wealth of capabilities and through a mix of knowing their strengths, promoting agility and business adventure, they can find new competitive edges.
Zinnov Zones (previously GSPR) is an annual rating from Zinnov for Global Technology Service Providers in the areas of Product Engineering Services, Internet of Things, Media & Entertainment, Retail and Digital Services.
Steffen Schaefer : How Digitalization is enabling new Mobility ecosystems | Z...Zinnov
Keynote delivered by Steffen Schaefer, Head of Innovation for Mobility Management, Senior Principal at Siemens AG
Urban roads are clogged; Public Transport is at its limit in many places. But demand for urban mobility is only growing. It is predicted to triple by 2050. New mobility services like car sharing, bike sharing, ride sharing are widely emerging. Demand Responsive Transport and self-driving taxi services are becoming a significant new mode in urban transport. They are all largely possible due to new (digital) technologies. Digitalization is highly disruptive to the Mobility ecosystem. The value however of Mobile Internet, Internet of Things, and Cloud Computing is very clear. Aggressive and well funded new players who understand these technologies are entering the market. Traditional main line and public transport operators, Automotive OEMs, taxi companies, and road authorities must act, otherwise they will be left behind. And transport legislation must be adapted to create a suitable framework for a new ecosystem. The large number of mobility services from various providers brings a host of options to the traveler, but also certain complexity. What apps do I need for which region? Packaging and simplification of mobility services is essential. Mobility as a Service (MaaS) will help to do so, in a model that is very similar to Telco industries. A scalable, digital mobility platform will form the backbone of all mobility infrastructure and services.
Dr David Soldani : Leading the disruptions | Zinnov Confluence '16 MunichZinnov
Keynote delivered by David Soldani, Global Head 5G Technology, Nokia
Introduction of the most important use cases, within the three agreed usage scenarios, and spotlights on different regions. Why Nokia is the right choice for carriers and enterprises, and disclose the fundamental enabling technologies towards a new digital revolution. The talk concludes with an overview of global 5G plans and milestones, with special focus on the 3GPP standardization framework.
Zinnov Zones rating for Digital in Retail. The report provides a snapshot of a digitally enabled modern retail enterprise and how digital technologies such as big data, analytics, robotics, machine learning, virtual reality etc. are transforming operations as well as impacting customers’ experience. Zinnov estimates a total digital spending of ~ $70B by retailers globally in 2016; with the market expected to reach $150B by 2020, growing at over 20% per annum.
With a new governmental push towards building smart cities in India, there lies a huge technological and business opportunity. The report takes a detailed look at these.
In this hypercompetitive economic scenario, the key differentiator for organizations is not just talent but the right kind of talent. Given this reality, organizations have had to come up with innovative recruitment strategies to stay ahead of the curve. Zinnov takes a look at some of the best practices that have emerged which are changing the employee context and the battle for premium talent.
This report highlights some of the key trends on the top spenders and their operations in India and other global locations. The report reveals interesting differences in trends based on industry verticals and geographical preferences for R&D investments.
Global Virtual Reality market size is estimated to grow tenfold by 2020 to about USD 30 Bn; anticipating the surge, large enterprises are acquiring smaller niche startups in this area.
Dominique Cerutti : Leading the disruptions | Zinnov Confluence '16 MunichZinnov
Keynote delivered by Dominique Cerutti, CEO Altran
While the emergence of AI announces a new wave of breakthrough technologies and innovations which will shake up industries organizations and operations, Dominique Cerutti will explore in his speech the different strategic orientations that industry leaders must envisage to manage innovation in their organizations. How to drive and organize a variety of ER&D activities and focus on value adding areas? Which type of partners and engagement policies shall be set up to leverage on the new opportunities revealed by the disruptions ahead?
Simon Best : Change, disruption and opportunity | Zinnov Confluence '16 MunichZinnov
Keynote delivered by Simon Best, Head of New Business, CIS, Airbus Defence & Space
Technology evolution is relentless yet increasingly incremental – often leading to shorter windows of business opportunity per investment. Companies therefore need to be ever more agile to continuously evolve their core products, explore new areas and know when and where to shift to capture new opportunities. Many companies have a wealth of capabilities and through a mix of knowing their strengths, promoting agility and business adventure, they can find new competitive edges.
Zinnov Zones (previously GSPR) is an annual rating from Zinnov for Global Technology Service Providers in the areas of Product Engineering Services, Internet of Things, Media & Entertainment, Retail and Digital Services.
Steffen Schaefer : How Digitalization is enabling new Mobility ecosystems | Z...Zinnov
Keynote delivered by Steffen Schaefer, Head of Innovation for Mobility Management, Senior Principal at Siemens AG
Urban roads are clogged; Public Transport is at its limit in many places. But demand for urban mobility is only growing. It is predicted to triple by 2050. New mobility services like car sharing, bike sharing, ride sharing are widely emerging. Demand Responsive Transport and self-driving taxi services are becoming a significant new mode in urban transport. They are all largely possible due to new (digital) technologies. Digitalization is highly disruptive to the Mobility ecosystem. The value however of Mobile Internet, Internet of Things, and Cloud Computing is very clear. Aggressive and well funded new players who understand these technologies are entering the market. Traditional main line and public transport operators, Automotive OEMs, taxi companies, and road authorities must act, otherwise they will be left behind. And transport legislation must be adapted to create a suitable framework for a new ecosystem. The large number of mobility services from various providers brings a host of options to the traveler, but also certain complexity. What apps do I need for which region? Packaging and simplification of mobility services is essential. Mobility as a Service (MaaS) will help to do so, in a model that is very similar to Telco industries. A scalable, digital mobility platform will form the backbone of all mobility infrastructure and services.
Dr David Soldani : Leading the disruptions | Zinnov Confluence '16 MunichZinnov
Keynote delivered by David Soldani, Global Head 5G Technology, Nokia
Introduction of the most important use cases, within the three agreed usage scenarios, and spotlights on different regions. Why Nokia is the right choice for carriers and enterprises, and disclose the fundamental enabling technologies towards a new digital revolution. The talk concludes with an overview of global 5G plans and milestones, with special focus on the 3GPP standardization framework.
Zinnov Zones rating for Digital in Retail. The report provides a snapshot of a digitally enabled modern retail enterprise and how digital technologies such as big data, analytics, robotics, machine learning, virtual reality etc. are transforming operations as well as impacting customers’ experience. Zinnov estimates a total digital spending of ~ $70B by retailers globally in 2016; with the market expected to reach $150B by 2020, growing at over 20% per annum.
With a new governmental push towards building smart cities in India, there lies a huge technological and business opportunity. The report takes a detailed look at these.
Getting Through the Fear Factor When Hiring Tech Talents.pdfaNumak & Company
The more profound constraint is a further factor in making a perfect selection when hunting for tech talents. While recruiters are focused and determined on hiring competent candidates for vacant spaces, they should also consider reducing strictness in the process, for example, the years of experience and compulsory finished education level. Since the American survey tells that most candidates' educational backgrounds are not in-line with their experience because they acquire knowledge of other skills while holding a post.
Perhaps, since these candidates are well experienced, they should be considered, while employers cut down a little to test their knowledge.
Article: "About the Paradigm Shift in Working and The Tale of Change and Transformation". The transformation of a company is like a journey of discovery. It requires a change of roles for senior executives, and HR concepts supporting self-controlling learning processes. Enjoy the read! http://www.mentus.de
Outsourcing is “a practice used by different companies to reduce costs by transferring portions of
work to outside suppliers rather than completing it internally.” (Outsourcing, 2013) After the financial crisis
of 2007-2008, many companies in the United States began to enhance their bottom-line profits by outsourcing
and cutting costs instead of through the traditional route of top-line sales growth. In an attempt to effectively
cut costs and generate profits for investors, more organizations engaged in outsourcing of jobs by means of
offshoring. Offshoring is a form of outsourcing whereby jobs are relocated to a foreign country with a cheap
labor force and low socioeconomic standards, and less regulations such as the EPA. From a Human Resources
perspective, offshoring jobs is that there will be benefits to the organization such as cost and efficiency
savings, focus on core activities, reduction of overheard costs, staffing flexibility, continuity, avoid organized
labor, and risk management. In theory, the argument for offshoring is plausible and synergies can be created
for companies; however, issues can result, creating huge disadvantages for organizations. Outsourcing can
become detrimental to the financial health of an organization because of unforeseen costs. In addition, the
organizational culture and employee morale begins to diminish when employees have no job security and they
fear layoffs. Thus, there are pros and cons of offshoring jobs those Human Resources managers’ must
evaluate before choosing whether to offshore jobs or keep them domestically. Therefore, outsourcing jobs
through offshoring can result in disadvantages to an organization because of hidden costs, bad publicity and
low employee morale, quality problems, loss of managerial control, threat to confidentiality and security, and
reliance on the financial health of the outsourced organization. This paper has been divided into two sections
due to the comprehensive approach taken by the authors to provide a focused view on the legal aspects giving
the reader an opportunity to use the information as a guide if needed, or for further research.
Uncovering Key Challenges in Offshore Software Development.pdfSiya Carla
Offshore development can be cost effective and provide access to global talent, but it also comes with some challenges. Let’s understand them here.
https://www.finoit.com/blog/key-challenges-in-offshore-development/
Even as many multinationals develop or expand programs for temporary overseas assignments, they remain unprepared to learn from the employees who return from such assignments. A recent study of returnees reveals what's going wrong, and what companies can do to reap the benefits of a global workforce. For more from s+b's Young Profs series, visit: http://www.strategy-business.com/youngprofs
Outsourcing and issues in First Time Outsourcing_Shripad Kulkarni.pdfvikramgolani
The document, titled "Outsourcing and issues in First Time Outsourcing" by Shripad Kulkarni, delves into the concept of outsourcing, a prevalent business strategy that organizations employ to enhance efficiency, curtail costs, and concentrate on their primary business operations. Outsourcing is particularly advantageous for several reasons:
Cost Savings: By outsourcing, organizations can significantly reduce expenses associated with in-house staff, infrastructure, and technology. Particularly, offshore outsourcing to countries with lower labor costs can lead to substantial financial savings. This strategy also eliminates the time and cost associated with talent acquisition.
Specialized Expertise: Outsourcing offers organizations the opportunity to tap into specialized knowledge and skills that might not be readily available within their internal teams. This is especially true for sectors like IT, finance, and legal services.
Operational Efficiency: By delegating non-core tasks such as HR, payroll, and IT support to third-party service providers, organizations can focus more on their core business functions, leading to improved operational efficiency.
Scalability: Outsourcing offers a flexible model, allowing businesses to scale their operations up or down based on their current needs. This flexibility is especially beneficial for startups and smaller enterprises.
Addressing Employee Attrition: High employee turnover rates pose a significant challenge for many companies, especially multinational corporations. Despite investing heavily in new talent, employers often face high attrition rates. Outsourcing can be a solution to this problem, offering cost benefits and helping to mitigate the challenges of employee attrition, ultimately leading to improved employee satisfaction and retention.
The document further explores general market statistics related to outsourcing, the specifics of outsourcing in accounting, finance, and related services, and the challenges faced during first-time outsourcing. The conclusion likely wraps up the discussed topics, although specific details from this section were not provided in the snippet.
The content also cites various sources, including Callzilla, Consero Global LLC, and Time Doctor, indicating a well-researched foundation.
introduction about KPO means the knowledge processing unit. in which the business service and business analysis comes under the guidelines of KPO and BPO means the business processing unit.
Download the complete report here: https://bit.ly/3yj50Yh
The pandemic, the dramatic shifts in the geopolitical landscape, and the frequent crests and troughs in the global economy – these uncertainties have compelled companies today to not only de-risk their businesses by looking for global hotbeds of talent but also place their bets on emerging talent locations.
In our latest COE (Center of Excellence) Hotspots of the World 2021, we provide an in-depth analysis of 15 countries across APAC, North America, LATAM, and Eastern Europe, identifying top locations to build world-class COEs with scalable Software Engineering teams. We also provide a deep dive into uncharted talent hotspots such as Vietnam and Costa Rica. Here’s Amita Goyal, Partner, Zinnov sharing her insights on this report.
Chiratae-Zinnov Report 2022 - India SaaS - Punching Through the Global Peckin...Zinnov
Download the complete report here: https://bit.ly/3uUYapT
Indian SaaS is at an inflection point in its exponential journey – the incredible SaaS bull run shows no signs of slowing down. Hardly 4 months into 2022, India has already produced the same number of SaaS unicorns as it had in 2021. The Indian SaaS ecosystem has matured at an accelerated pace and is well to emerging as a global leader in the next few years.
Access the latest Chiratae Ventures-Zinnov report titled, ‘India SaaS – Punching Through the Global Pecking Order,’ to get a comprehensive view of the Indian SaaS landscape, the factors driving this phenomenal growth, and the playbook on what is needed for entrepreneurs and investors alike to maximize value in this trillion-dollar opportunity.
202X & Future Growth Possibilities - Navigate at speed of the new realityZinnov
The pandemic has unlocked a ‘bold’ new mindset in leaders across the globe. Having not just survived but thrived in what could be called one of the most disruptive two years in recent times, leaders are now more ready than ever to unlock new paradigms of talent, technology, and operating models for their businesses. However, in a post-pandemic world, when every company has tasted the power of digital – the growth wars are going to become even more intense.
To win these growth wars, leaders will have to reimagine and reboot their approach across various aspects of business such as organizational culture, talent strategy, community building, employee experience, value creation, capability building, communication, and much more.
Inclusion And Diversity Maturity Benchmark – Creating An Inclusive Workplace ...Zinnov
What is the value of Inclusion and Diversity (I&D) for the C-suite, employees, and job seekers? This question is not always easy to answer, as there are several factors to consider, such as our personal experience, ecosystem awareness, and management approach, to name a few. Interestingly, COVID-19 has broadened the scope of I&D, from just being women-, LGBTQ+ (Lesbian, Gay, Bisexual, Transgender, Queer)-, and PwD (Persons with Disability)-friendly, to being considerate of other minority groups, including individuals dealing with bereavement, caregivers to family members, sole bread earners, etc.
There are several visible gaps observed when developing an enterprise-level I&D plan, most of which lack contextual and personal dimensions. Mastering such issues can be a challenge but can also be incredibly rewarding. It is about taking that crucial first step.
This latest Zinnov’s marquee report on ‘Creating an Inclusive Workplace’ touches upon these aspects and more, by delving deep into the factors that help organizations create workplaces that are not just inclusive, but diverse and empathetic as well. The report aims to help accelerate a mindset shift at an organizational level by empowering leaders to make informed decisions with I&D at the core of long-term business strategy. Download the full report now, by visiting https://bit.ly/2SyJzzW or dropping us a note at info@zinnov.com
Top Enterprise Technology Trends that will Redefine 2021Zinnov
2020 certainly saw a huge wave of Digital Transformation engulf the entire world. With almost every industry kicking its digital journey into high-gear, here's how we think the Enterprise Technology space is going to look like in 2021.
This is a sneak-peek into the top trends that we are seeing unfold, however, to get a deeper insight into what will redefine the future, read our latest blog: https://zinnov.com/top-6-enterprise-technology-trends-that-will-shape-2021/?utm_source=Slideshare&utm_campaign=remarketing
Location Analysis - CoE Hotspots of the WorldZinnov
Download our comprehensive location analysis report on the top hotspots of the world to set up a Center of Excellence (CoE). The report provides an in-depth view of 13 countries where organizations can build their next CoE with scalable software engineering talent at affordable costs. To get access to full report, visit: https://bit.ly/35TQXIU
The Future of Internet Content Consumption in India | Zinnov Zinnov
This study is a comprehensive view of the future of Internet content consumption in India, focusing on key aspects like -
a) the current state of Indian mobile ecosystem
b) changing paradigm of content consumption
c) the disruption in content creation and curation
d) the role of ecosystem leverage and collaboration
To get more insights on the trends shaping the content consumption landscape in India, write to us at info@zinnov.com.
Digital SMBs - Key Pillar of India's Economy | ZinnovZinnov
This study is a comprehensive view of the Indian SMB landscape, focusing on key aspects like -
a) current technology adoption
b) transition from traditional SMB to 'Digital SMB'
c) the opportunity owing to SMB digitalization
d) ecosystem initiatives
d) the way forward
To get your hands on the full version of the report, drop us a note at info@zinnov.com.
A Zinnov-Indiaspora Report : Innovation has been a key driver for growth of the 3 nations – USA, India and Israel. In the report, we analyze the unique characteristics demonstrated by these leading economies with respect to innovation and the possible synergies that exist. With the 3 start-ups ecosystems being quite vibrant, their role in innovation and potential as a driving force for trilateral collaboration is immense. The market opportunities for innovation are also explored with collaboration being key to unlock these
Zinnov Zones for Product Engineering Services 2017Zinnov
Zinnov Zones is an annual rating for Global Technology Service Providers evaluating their prowess in PES, Digital Tech, IoT, M&T, Robotic Automation among others. More at www.zinnovzones.com
Large Enterprises : Transforming India's Digital FutureZinnov
Large Enterprises will contribute significantly to India's Digital Future. Transport and Hospitality leads among all verticals in terms of profit and revenue contribution.
To know more about where your organization stands and the steps it must take to be digital ready, write to us at info@zinnov.com
This infographic talks about what makes an organization attractive to potential employees and what kinds of expectations employees are having from new age organizations.
The infographic lists out the major use cases being developed by IoT Startups - including Enterprise, Consumer and Industrial IoT devices and technologies.
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
We will dig deeper into:
1. How to capture video testimonials that convert from your audience 🎥
2. How to leverage your testimonials to boost your sales 💲
3. How you can capture more CRM data to understand your audience better through video testimonials. 📊
Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
Kyiv PMDay 2024 Summer
Website – www.pmday.org
Youtube – https://www.youtube.com/startuplviv
FB – https://www.facebook.com/pmdayconference
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
1. Deputed Workforce – An Overview
Talent Practice
Data | Analytics | Technology | Network
No part of this report may be quoted, or reproduced for distribution without prior approval from Zinnov LLC.
al Zinnov Confidential http://www.zinnov.com info@zinnov.com
2. Introduction
In the current business environment where competition has permeated to global markets, access to a talented
workforce is a strategic imperative for many MNCs. The search for quality talent has forced many Western
corporations to look beyond their geographical boundaries as they realize that not all their business needs can be
fulfilled by in-house talent. Hence, talent is being sourced from locations where it makes the most business sense and
where it saves the most dollars.
In addition, there is a growing shortage of technically trained talent such as engineers and computer scientists in
advanced economies. It is essential for businesses to address this critical skill gap in order to retain their technological
and scientific competitive advantage. The strategic priority for these businesses is to develop human-capital strategies
for sourcing talent globally and build organizations that integrate talent located anywhere in the world more effectively
and seamlessly.
Technology businesses across the world are incorporating critical skills, in innovation, engineering, and product
development functions (including software development) as well as skills in other areas such SI, tech support, as an
integral element in their global talent sourcing and corporate growth plans.
Workforce deputation – a key business necessity
A typical method adopted by companies to meet the talent deficit includes deputing professionals from offshore
centers of MNCs or local IT services companies in countries such as India, China, Philippines, and Brazil. The
deputed workforce is staffed on projects for a defined period and usually acts as an interface to employees working at
the offshore location. Sourcing talent in this way helps companies to meet critical business requirements.
Workforce deputation value chain
Zinnov undertook a study which focused on mapping the deputation process in some of the leading IT services
companies and MNC product & services companies in India. The process is far from standard in the companies
studied. However, a few key steps that make the deputation value chain were identified.
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3. A typical process starts by identifying a resource with appropriate skills based on client’s requirement. Once the
resource is short listed, most companies follow a pre-deputation process which involves formulating compensation,
leaves and insurance policy structure that will be applicable when the resource is deputed at the foreign location. Post
this, visa and immigration procedure is initiated and appropriate travel, lodging arrangements are made. Induction and
knowledge transition programs ensure a faster on-boarding once the resource reaches the country of deputation. The
deputed workforce is provided continued support at the foreign location in the form of per diem processing, timesheet
& attendance management, and safety administration. Most companies have adopted a structured off-boarding
process to deal with employee retention and readjustment to the home country environment after the completion of
the project.
The key parameters that companies should evaluate for the deputed workforce across the value chain have been
depicted below:
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4. Key issues faced during deputation
Most companies have a deputation process in place. However, our study revealed that process inefficiencies run high
in the way most companies manage deputation. Some of the key issues revealed during the study have been listed
below:
Silo mentality
Deputation management requires collaboration between various groups such as HR, Finance, and Immigration. Our
study revealed that very often these groups work in silos. There is little transparency in the process component owned
by each group which resulted in a lot of back and forth communication between various stakeholders.
Lack of integrated IT systems
In a number of companies studied, technology systems used by various stakeholders worked in isolation with the
information flow between systems being largely manual. This made it difficult to track the errors and maintain a fool-
proof process. Lack of an integrated system also impacted the standard reports definition and reporting mechanisms.
Metrics on current state of deputation i.e., the number of candidates travelling by country and client, visa types,
availability for travel, returning dates, etc., were also not easily available.
Lack of detailed benchmarks for Compensation & Benefits (C&B)/ statutory requirements for deputed
countries
The role of C&B team in the deputation process is to define and communicate the compensation structure and terms
to the deputed employee. The team is expected to provide information for arriving at the appropriate compensation
figure for premium skills, jobs and high performer employee, and also assist in meeting statutory norms in the host
country. However, our study revealed that in many cases the C&B team lacked competitive benchmark data and had
little understanding of statutory requirements. This data lacuna exposed the company to various risks including tax
and minimum wage non-compliance.
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5. Adherence to business timelines is challenging
A common issue faced by stakeholders across deputation was that the deputation requests are raised with a very
short notice period. This puts various groups under tremendous pressure to meet the process timeline and also
increases the chances of errors. Moreover, in some instances the deputation process was not adhered completely to
and employees were deputed without even a proper country briefing.
Inadequate support provided to employees during deputation
Visa and immigration rules in many countries are constantly undergoing change. Therefore, the need for assistance in
filing applications was felt by not just first-time applicants but even experienced applicants. Our study revealed that in
many companies, there was no single anchor point for employees during the entire cycle of deputation. Moreover,
there was no centralized system in place from where the required information could be made accessible to the
employees. In some instances, the induction training was either not effectively delivered or was not up-to-date. The
resultant impact was that the employee readiness for deputation was low and deserving candidates were denied visas
due to inadequate documentation and filing assistance.
Impact of an inefficient deputation process
An inefficient deputation process can have a multifold impact on the organization. It can be strategic in nature in terms
of affecting business reputation, exposing the company to legal risk due to non-compliance etc., or even operational in
terms of increasing the cost of deputation, creating execution delays, etc. For instance, multiple visa rejections can
tarnish a company’s brand image. In addition, it can also pose a risk to its relationship with various foreign
embassies/consulates. The company can opt for re-filling of applications but this can increase the costs significantly.
Moreover, expected service levels may not be met if deserving employees are not deputed due to visa rejections.
Similarly, lack of competitive C&B package can trigger employee disengagement and affect productivity. It may result
in attrition as employee look for other lucrative opportunities. And attrition, as we know, can impact the business top
line significantly.
To reduce exposure to such risks, companies have tried to streamline processes and put better systems and
structures in place to deal with inefficiencies in deputation management.
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6. Industry best practices to overcome deputation challenges
Our study on the deputation management process in various IT services companies and MNC centers in India helped
us not only identify the challenges but also explore the best practices adopted to address those challenges.
Aggregation of those best practices is presented below:
Establish a dedicated deputation management team
A deputation management team has representatives from HR, Finance, Immigration and Business functions. The
team is responsible for managing all aspects of deputation post resource identification. The core responsibilities of the
team includes
- Govern operations and advisory regarding all cross border movements and compliance issues for the
country(ies) of responsibility within their region
- Act as a central point of contact and provide support to employees for deputation
- Ensure that the deputation process is consistent, transparent and error free
- Work closely with stakeholders, Immigration bodies and Govt. agencies to be up-to-date on deputation
norms
- Gather metrics on the current state of deputation
Use an integrated software system to facilitate and manage the deputation function
Deputation management can be made more effective with the usage of various software systems that are available
today. For instance, packaged ERP tools such as SAP and PeopleSoft provide end-to-end functions to manage
payroll, documentation, leaves’ management and communication process during employee deputation. Similarly,
customized software tools such as ABACUS, Concur, Rnet provide specific functions for Travel Management,
Documentation, Immigration, and Expenses Management. Using a centralized IT tool can help in integrating data
from respective applications. Information is centrally updated which allows various stakeholders to have a consistent
view of the deputation process.
Perform C&B Benchmarking
A comprehensive C&B data matrix acquired and maintained for all deputation countries ensures that the salary
component of an employee is not only fair but also competitive. This data should include a holistic country and city
wise C&B report (minimum wage requirements, per-diem, allowances, and salary) with guidelines on treatment of PF,
gratuity, benefits and bonus.
The process for acquiring this data involves identifying the most frequently deputed locations and then partnering with
country specific C&B service providers to ensure accuracy and comprehensiveness of the data. Additionally, with the
help of local attorneys, city-wise C&B trends can be identified with reference to the local employment act to avoid any
legal consequences.
Use forecasting mechanisms for predictability
Deputation requests raised with a short notice period can put tremendous strain on the entire system, process and
people involved. In most cases, the nature of business hinders its ability to provide ample notice period before travel.
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7. A resource forecasting mechanism can bring predictability by helping ascertain the future deputation needs of the
organization. This will ensure that the deputation process is structured with less room for error/inconsistencies.
Enlist external service providers
The trend towards outsourcing has increased and more companies assign activities such as immigration, housing,
relocation and tax compliance to external providers. Engaging third parties allows companies to focus on the core
deputation process, while also bringing in external competency in areas such as niche skills hiring or advice on legal
issues. Some companies also use third party services to assist the deputed employee in local tax filing,
accommodation on lease, and car hiring facilities. However, it is essential to lay down clear contractual guidelines with
defined SLAs to manage costs and ensure process efficiency.
Emphasize the role of Learning & Development (L&D)
L&D team’s responsibility in deputation is to conduct employee induction and also country specific briefing. Though
L&D’s responsibility in the entire deputation process is minimal, yet the role is very important. It should play a strategic
role as part of the deputation process rather than acting as a delivery engine of non relevant content. The training
content should be up-to-date and competent staff should be enlisted to deliver the same. A combination of training
methodologies such as classroom based or computer based training should be provided based on specific business
context.
Conclusion
Workforce deputation enables business in meeting critical requirements in a globally competitive business landscape.
However, inefficiencies in deputation management process can expose businesses to various risks. An awareness of
the challenges involved and the best practices to address them can ensure that the process is structured, consistent
and error free.
Additional Information
Zinnov has conducted multiple surveys and studies on Deputed Workforce including various models, challenges, best
practices, optimal solutions based on geographic needs etc. Please send your requests to info@zinnov.com to
schedule a free 1 hour workshop on Deputed Workforce.
About Zinnov
Founded in 2002, Zinnov – meaning Zeal in Innovation – provides solutions and advisory services in the area of
Talent, Global Sourcing and Emerging Markets Expansion to Fortune 1000 and reputed SMB companies.
Zinnov’s Talent Neuron product is a web based tool that provides talent, cost, peer group benchmarking and location
data. The insights, analytics and data driven intelligence empowers HR, Engineering, IT, Shared Services and
Corporate Executives in developing/executing strategic, operational and transformation initiatives.
To request a free trial, visit http://zinnov.com/US/index.html
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