"Pay hikes, bonus and designation do not largely matter but an appreciation in public for the work done carries more weight amongst the new generation. They work on the power of collaboration. Companies have to provide such collaborative tools. In fact performance appraisals have to be redesigned," R. Chandrasekaran, president and managing director of Cognizant Technology Solutions said at the two-day HR Summit 2010 organised by the National Association of Software and Service Companies (Nasscom) here.
According to Krishna Kumar Natarajan, CEO and MD, Mindtree, the 21-year-old fresh graduate looks at the work environment and not the big corporate names. At times, the whole work place has to be recreated, he said.
"If work is fun, people will spend more time at work and the productivity will increase," said Chandrasekaran.
Interestingly speakers at the summit considered the word HR bad and said terming humans as a productive resource or an asset is not right.
Oh Yeah, Sure, Mr.Chandrasekharan - the employees should actually feel privileged that CTS hired them, and even pay themselves their own salaries! Wouldn't that be even better for you? Use them and "appreciate them" while you enjoy the monies and the privileged life-style! Sorry, but do your employees look like idiots to you Mr.Chandrasekharan?
That's a load of bullsh*t!!
Money was, is and will always be the NUMBER ONE motivator.
Try cutting people's salaries and then telling them, don't worry, we've increased fun at work - you can now take a dip in the office swimming pool during your break.
What do you think their reaction will be?