Friday, 14 April 2017

Discipline and Disciplinary Action

To maintain harmonious relations and promote industrial peace, a Code of Discipline has been laid down which applies to both public and private sector enterprises. It specifies various obligations for the management and the workers with the objective of promoting cooperation between their representatives. 

The basic objectives of Code of Discipline are to:
Maintain peace and order in industry.
Promote constructive criticism at all levels of management and employment.
Avoid work stoppage in industry
Secure the settlement of disputes and grievances by a mutually agreed procedure.
 Avoiding litigations.
 Facilitate a free growth of trade unions.
Eliminate all forms of coercion, intimidation and violations of rules and regulations governing industrial Relations. The Code is based on the following principles: 
There should be no strike or lockout without prior notice.
No unilateral action should be taken in connection with any industrial matter.
Employees should follow go slow tactics
No deliberate damage should be caused to a plant or property
Acts of violations, intimidation and coercion should not be resorted.
The Code is based on the following principles:
There should be no strike or lockout without prior notice.
No unilateral action should be taken in connection with any industrial matter.
Employees should follow go slow tactics
No deliberate damage should be caused to a plant or property
Acts of violations, intimidation and coercion should not be resorted
The existing machinery for the settlement of disputes should be utilized.
Actions that disturb cordial relationships should be avoided.

To ensure better discipline in industry, management and unions agree on not indulging into various actions. These actions can b summarized as follows:

Management and Union(s) agree
That no unilateral action should be taken in connection with any industrial matter and that should be settled at appropriate level
That the existing machinery for settlement of disputes should be utilized with the utmost efficiency
That there should be no strike or lock-out without prior notice
That neither party will have recourse to coercion, intimidation, victimization or go –slow tactics
That they will avoid litigation, sit-down and stay-in strikes and lock-outs
That they will promote constructive co-operation between their representatives at all levels and as between workers themselves
That they will establish upon a mutually agreed grievance procedure which will ensure a speedy and full investigation leading to settlement;
That they will abide by various stages in the grievance procedure and take no arbitrary action which would by-pass this procedure; and
Management Agrees
Not to increase work-loads unless agreed upon or settled otherwise
Not to support or encourage any unfair labor practice such as discrimination and victimization of any employee
To take prompt action for settlement of grievances and implementation of settlements, awards, decision and orders
To take appropriate disciplinary action against its officers and members in cases where enquiries reveal that they were responsible for precipitate action by workers leading to indiscipline
Union agrees
Not to engage in any form of physical duress
Not to permit demonstrations which are not peaceful
That their members will not engage or cause other employees to engage in any union activity during working hours
To discourage unfair labor practices such as negligence of duty, damage to property and insubordination
To take prompt action to implement awards, agreements, settlements and decisions

Discipline and Disciplinary Action

The word ‘Discipline’ connotes that the employees working in an organization conform to the Rules & Regulations (Code of Conduct / Behavior) framed by the organization. The maintenance and promotion of employee discipline is essential to achieve the predetermined Goal / Objective of the Organization.

Accordingly to Dr. Spiegel, ‘Discipline is the force that promotes an individual or group to observe the Rules & Regulations and procedures that are necessary to attain the Goal.’ It is force or fear of force, which restrains an individual or the group from doing the things, which are destructive to group activity.

The concept of discipline has got basic four dimensions. – (I) Set of Rules, regulations, procedures etc. prepared as per requirement of the Organization (ii) It’s acceptance by the people, who are required to obey them. (iii) Self discipline encouraged by the proper training and (IV) Punishment for non-conforming to the rules.

Characteristics of Discipline: - there are mainly three Characteristics of Discipline (they may be called as approaches) –
Positive Willingness – It prompts individual to carryout instructions / Rules voluntarily.
Negative Approach – It makes people to follow rules out of compulsion.
Punitive (or Big stick) Approach – This imposes penalty for disobeying Rules.

Human (employees) behavior against the rules of discipline is known as “Misconduct”.

In India, “Model Standing Orders” are applicable to the industrial establishments employing more than 100 (or 50 in Maharashtra State) contain the list of acts & omissions which constitute ‘Misconduct’ (punishable under the Act). The various Misconducts, as per the ‘Model Standing Orders’ mainly relate to the area of – Attendance, productivity, sleeping during working hours, drunkenness, stealing, insubordination, fighting, defacing / damaging co.’s property, smoking. Possession of weapon, violating safety rules etc. etc …

Guidelines for implementing the discipline voluntarily by the workmen –
Location of Responsibility – The line-manager should be entrusted the responsibility at the first stage.
Proper communication of rules – Rules of discipline should be known clearly to all concerned people.
Equal treatment – All are same before the law / rules. NO discrimination.
Prompt action against Rule breaker – The action should be initiated immediately after noticing the ‘Misconduct’.
Proceeding in private & cool atmosphere – Disciplinary action starting with ‘Show-cause Notice’ – followed by domestic enquiry should not be done publicly, but should be done openly (to be seen by others)

The Principles of Natural Justice 

No man can be a judge of his own cause. 
No man shall be condemned unheard.
The concerned person should know reasons for decision. 
The person must be told clearly and specifically all the offences with which, it is intended to charge him.
Justice should not only be done, but also manifestly and undoubtedly seen as done.
An orderly course of procedure must be followed.
An opportunity of ‘Self Defense’ must be provided to the accused. (Permission to appoint Advocate to defend and also allow to bring ‘witnesses’ during the proceedings of Domestic Inquiry).
Copies of documents concerned with the domestic inquiry be provided to the accused.
Decision in good faith by an impartial person / tribunal should be taken.
The punishment must be justifiable and proportionate to the offence committed.

- x – x – x – x – x – x – x – x – x – x –x – x  - x – x – x – x – x – x -

Monday, 10 April 2017

4 New Ways to Self-Fund Your Business

Self-funding, or bootstrapping a startup company, means different things to different people. To the Silicon Valley serial entrepreneur who just sold his company to Google for $100 million, bootstrapping is just writing yourself a big check. To the newer entrepreneur who is lucky enough to have some personal assets, it may mean tapping into savings or a retirement account to come up with $50,000 to $100,000 to get things rolling. To others still – those who represent the vast majority of entrepreneurs – it means living on Ramen noodles and peanut butter sandwiches, calling in favors from friends who will work for free, and squirreling away a few hundred dollars at a time to keep the lights on.
Is it possible to self-fund a company if you don’t already have a fat bank account? Sure, but the amount of capital (or lack of capital) you have will influence the type of business you are in. Fortunately, because of cloud innovations that exist today, you won’t need nearly as much to launch compared with just twenty years ago.
Alternative borrowing: Banks aren’t the only game in town
While some entrepreneurs have a long and steady job history and excellent credit, most do not – the entrepreneurial mindset doesn’t really lend itself to working at the Post Office for 30 years and living around a steady paycheck. As a result, the majority of entrepreneurs don’t have enough savings or assets built up to go the true “back pocket funding” route, and instead look to borrow. A few visits to the bank and most will be quickly disappointed, especially as low interest rates have driven banks and traditional lenders to raise underwriting standards, eliminate smaller loan thresholds and focus more on established businesses. Even if you’re lucky enough to find a bank that is friendly to startups, unless you have an exceedingly high FICO score, you’ll be out of luck no matter how great your idea may be. You may be creating the next Google, but if you don’t have collateral and a high FICO, the bank doesn’t care – and it’s just not profitable for banks to make loans to small businesses any more.
“The new regulatory environment under Dodd-Frank doesn’t make it profitable or easy for banks to make loans to small businesses,” said B.J. Lock land, CEO of Lighter Capital. “Banks will eventually have to make some changes to address this new environment, but they won’t make major shifts until the regulatory doors open.”
Entrepreneurs may have to turn to a new crop of alternatives, the most interesting of which is peer-to-peer lending – an option that is often more expensive than the low-interest bank loans, but still less costly than the usurious payday loan firms. Once you do have some revenue coming in, factoring, or borrowing against receivables, may become an option, and that usually does not require the same sort of scrutiny a conventional loan carries. This option can be inflexible though, with fixed daily or weekly payments required. Revenue-based financing (RBF) is a more flexible alternative. According to Lock land, “Traditionally, tech startups had to sell equity to get growth capital as a result of having no hard assets (like equipment or inventory) for a bank to lend against. RBF fits the needs of tech entrepreneurs because it is a flexible instrument, doesn’t require hard assets, and combines many of the best aspects of debt and equity, since it’s non-dilute yet aligns the interests of the entrepreneur and investor toward growth.”
Targeted loans: What makes you different?
It’s a common myth that the SBA and other government agencies have special business loans or grants for minorities or other under-served populations. While there are policies that provide easier access to contracts once a minority-owned business has become established, when you need cash to get started, everybody’s on a level playing field.
Entrepreneurs often find themselves in the “undeserved” category, but may benefit from reaching out to local community organizations, community banks or online lenders who specifically offer loan products for borrowers who are undeserved or in a minority class. Become knowledgeable of programs that target specific groups, businesses launching in distressed areas, or minority-owned businesses.
William Underwood, Public Relations Director at ezDinero Loan Solutions, noted, “Latino business owners and startup entrepreneurs in the U.S. have an impressive success rate in paying back small business loans, but are still often unable to obtain credit due to outdated scoring models, and the lack of interest on the part of traditional lenders in offering business loans of $50,000 or less, effectively closing the door on many worthwhile SOHO business startups.” 
You don’t need as much money as you thought
According to Cary Landis, one of the architects of the NIST cloud computing reference architecture and founder of SaaSMaker, “It’s often possible to launch with a lot less capital than was required just twenty years ago, due to the existence of cloud-based software and infrastructure, along with platforms-as-a-service that allow you to more easily create and market your own apps.” Landis notes that newer startups are often “born-in-the-cloud,” operate virtually and often are able to operate with minimal on-premises equipment. “Besides the obvious cost advantage that comes from not having to operate your own servers, newer DevOps platforms are bridging the gap between IT and business, letting you get up and running quicker and with better apps that are more attuned to the business end of your startup.”
Don’t quit your day job
Entrepreneurs with little cash may need to bite the bullet and keep the day job while they launch their entrepreneurial effort. Kaleigh Wiese, co-founder of Garment Exchange, a peer-to-peer rental marketplace for women’s clothing, launched in March of this year. Wiese says, “We have found it beneficial to self-fund so we could access our potential users creatively and move rapidly and lean. Making decisions quickly has allowed us to get to our potential users quicker and allows for pivots along the way to start generating income.” In five short months, Garment Exchange has built up $40,000 in retail business, now allowing Wise to begin late seed fundraising. By initially self-funding, Wiese was able to prove the concept, prove her dedication to the idea, and become a more attractive target to potential investors.
“To fund Garment Exchange, we have of course decreased our personal spending, but have looked for innovative side projects that would bring in residual income as we put our day-job income into the business. Some of our favorite side income sources have been renting out our cars on Turo and selling our expertise, like creating custom Snap chat filters. Moving quickly and thinking innovatively about bringing in side income has been such a success for us.”
More startups, less money
During the dotcom boom of the 1990s, startups were well known for landing multi-million dollar venture capital deals on the strength of a business plan written on a cocktail napkin, burning through those millions in the first few months, then going back for more – and getting it.
Venture capitalists aren’t doing that any more, and they don’t need to. The self-funded or lightly-funded startup is the foundation of the next wave of startup innovation – and lack of funds is no longer a reason not to launch.

Friday, 7 April 2017

Smart People Success Mantra !

How Smart People Work Less and Get More Done!

How you work is far more important than how much you work.
A new study from Stanford shows that they are on to something. The study found that productivity per hour declines sharply when the workweek exceeds 50 hours, and productivity drops off so much after 55 hours that there’s no point in working any more. That’s right, people who work as much as 70 hours (or more) per week actually get the same amount done as people who work 55 hours.
“Time is what we want most, but what we use worst.” -- William Penn
Smart people know the importance of shifting gears on the weekend to relaxing and rejuvenating activities. They use their weekends to create a better week ahead.
This is easier said than done, so here’s some help. The following are some things that you can do to find balance on the weekend and come into work at 110 percent on Monday morning.

1. Disconnect. 
Disconnecting is the most important weekend strategy, because if you can’t find a way to remove yourself electronically from your work Friday evening through Monday morning, then you’ve never really left work. Making yourself available to your work 24/7 exposes you to a constant barrage of stress that prevent you from refocusing and recharging. If taking the entire weekend off handling work e-mails and calls isn’t realistic, try designating specific times on Saturday and Sunday for checking e-mails and responding to voicemail's. For example, check your messages on Saturday afternoon while your kids are getting a haircut and on Sunday evenings after dinner. Scheduling short blocks of time will alleviate stress without sacrificing availability.
2. Minimize chores. 
Chores have a funny habit of completely taking over your weekends. When this happens, you lose the opportunity to relax and reflect. What’s worse is that a lot of chores feel like work, and if you spend all weekend doing them, you just put in a seven-day workweek. To keep this from happening, you need to schedule your chores like you would anything else during the week, and if you don’t complete them during the allotted time, you move on and finish them the following weekend.
3. Exercise. 
No time to exercise during the week? You have 48 hours every weekend to make it happen. Getting your body moving for as little as 10 minutes releases GABA, a soothing neurotransmitter that reduces stress. Exercise is also a great way to come up with new ideas. Innovators and other successful people know that being outdoors often sparks creativity. I know that a lot of my best ideas come to me while I’m surfing. While you’re out in the ocean, the combination of invigorating activity and beautiful scenery creates the perfect environment for an influx of creativity. Whether you’re running, cycling or gardening, exercise leads to endorphin-fueled introspection. The key is to find a physical activity that does this for you and then to make it an important part of your weekend routine.
4. Reflect. 
Weekly reflection is a powerful tool for improvement. Use the weekend to contemplate the larger forces that are shaping your industry, your organization and your job. Without the distractions of Monday to Friday busy work, you should be able to see things in a whole new light. Use this insight to alter your approach to the coming week, improving the efficiency and efficacy of your work.
5. Pursue a passion. 
You might be surprised what happens when you pursue something you’re passionate about on weekends. Indulging your passions is a great way to escape stress and to open your mind to new ways of thinking. Things like playing music, reading, writing, painting or even playing catch with your kids can help stimulate different modes of thought that can reap huge dividends over the coming week.
6. Spend quality time with family. 
Spending quality time with your family on the weekend is essential if you want to recharge and relax. Weekdays are so hectic that the entire week can fly by with little quality family time. Don’t let this bleed into your weekends. Take your kids to the park, take your spouse to his or her favorite restaurant and go visit your parents. You’ll be glad you did.
7. Schedule micro-adventures. 
Buy tickets to a concert or play, or get reservations for that cool new hotel that just opened downtown. Instead of running on a treadmill, plan a hike. Try something you haven’t done before or perhaps something you haven’t done in a long time. Studies show that anticipating something good to come is a significant part of what makes the activity pleasurable. Knowing that you have something interesting planned for Saturday will not only be fun come Saturday, but it will significantly improve your mood throughout the week.
8. Wake up at the same time. 
It’s tempting to sleep in on the weekend to catch up on your sleep. Though it feels good temporarily, having an inconsistent wake-up time disturbs your circadian rhythm. Your body cycles through an elaborate series of sleep phases in order for you to wake up rested and refreshed. One of these phases involves preparing your mind to be awake and alert, which is why people often wake up just before their alarm clock goes off (the brain is trained and ready). When you sleep past your regular wake-up time on the weekend, you end up feeling groggy and tired. This isn’t just disruptive to your day off, it also makes you less productive on Monday because your brain isn’t ready to wake up at your regular time. If you need to catch up on sleep, just go to bed earlier.
9. Designate mornings as me time. 
It can be difficult to get time to yourself on the weekends, especially if you have family. Finding a way to engage in an activity you’re passionate about first thing in the morning can pay massive dividends in happiness and cleanliness of mind. It’s also a great way to perfect your circadian rhythm by forcing yourself to wake up at the same time you do on weekdays. Your mind achieves peak performance two-to-four hours after you wake up, so get up early to do something physical, and then sit down and engage in something mental while your mind is at its peak.
10. Prepare for the upcoming week. 
The weekend is a great time to spend a few moments planning your upcoming week. As little as 30 minutes of planning can yield significant gains in productivity and reduced stress. The week feels a lot more manageable when you go into it with a plan because all you have to focus on is execution.
Bringing It All Together
What do you do to make your weekends great? Please share your thoughts in the comments section below as I learn just as much from you as you do from me.

version of this article appeared on Talent Smart.

Discipline and Disciplinary Action

To maintain harmonious relations and promote industrial peace, a Code of Discipline has been laid down which applies to both public and pr...