How important are human resource policies in shaping the success of a company?
Human resource policies are the cornerstone for anysuccessful company. The maximum success comes from good people. The best of computers and infrastructure cannot deliver on their own. They require good, motivated people. At the same time most, people are not born geniuses. They are average, people who deliver in one organisation, may be a flop in another. The difference is in HR policies. Do you think that compensation is the best way to retain talent? Good organisations pay well and keep their staff motivated. The importance of money in motivating people cannot be underestimated. Abraham Maslow’s theory of hierarchy still holds true. The more money an individual gets, the more he aspires to change his lifestyle. Good money is not only able to retain people, but also makes the staff aspire for bigger opportunities and hence motivates them. You have been with LG since May 1997. What have been your significant achievements? In the very first year of operations (1998-99), we have notched
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