All it takes to be a charismatic leader

Most of the greatest leaders in history possessed a star quality that drew others to them. Churchill, Napoleon and Martin Luther King had a magnetism which is often easier to identify than to explain. The Greeks were the first to notice this. They named it ‘Kharisma’, which referred to a rare trait including extreme charm along with innate and powerfully-sophisticated communication and persuasive skills.

In our contemporary society, where people are buying brands and personalities, over products, charisma continues to be as important as it used to be during the early Greek era. Corporations, large and small, understand that success begins at an individual level.

They realise that charismatic leaders are the ones who are able to connect with subordinates and with customers at a deeper level, creating memorable experiences for them. They acknowledge that it is not just operational abilities, but charisma that would differentiate in the longer term.

So, what does it take to be a charismatic leader?

At a very peripheral level, charismatic leaders have three attributes, according to psychologist Richard Wiseman — they feel emotions themselves quite strongly, they induce them in others and they are impervious to the influences of other charismatic people. They are characterised by:

A Bold Viewpoint

Charismatic leaders almost always have a view of the future that will excite people and convert them to followers. They talk about bold and lofty visions and share a dream and direction that other people want to share and follow.

Persuasive Speaking

Charismatic leaders not only walk the talk, but they even talk the talk, meaning they embrace every opportunity to convince others towards their vision. They always make it a point to speak in such a way as to create trust and personal integrity.

Silent Message

Charismatic leaders, through every one of their actions, send out the right signals. They consciously act in ways that make others feel great in their presence. They let people know that they matter and that they enjoy being around them; through their upright posture, direct eye contact, genuine smile and firm handshake. They always make an effort to appear enthusiastic and passionate through their body language and articulate speech.

Strong Commitment

Charismatic leaders are always visible and will stand up to be counted rather than hide behind their troops. They make continued efforts to motivate and rally their followers, constantly doing the rounds, listening, soothing and enthusing. It is their unswerving commitment as much as anything else that keeps people going, particularly through the darker times when some may question whether the vision can ever be achieved.

(The author is a leadership expert from the LSE and the founder of LeadCap)

Article courtesy of Economic Times.

CEOs can be paid higher with govt nod

The corporate affairs ministry on Monday told the Rajya Sabha that companies can pay higher salaries to the top brasses after getting approval from the government under the existing Act.

"The companies may pay more than the prescribed ceiling to their CEOs who are holding board-level positions with the approval of the Central government as per the provisions of the Companies Act of 1956," corporate affairs minister Salman Khurshid said in a written reply to the Upper House.

He said the Act prescribes that the total managerial remuneration to be paid to a board-level CEO of a company having only one whole-time director or a manager is 5 per cent of the profit of the company. In case, a company has more than one whole-time directors or managers, then the salary is limited to 10 per cent of the profit.

A few years back, a heated debate was triggered off whether the government should impose restrictions on companies to pay salaries to CEOs. Prime Minister Manmohan Singh later allayed these fears.

Article courtesy of Economic Times.

How to differentiate between a fake job offer and a real one

Mahadevan had a diploma in Hotel Management from a renowned institute in Delhi. This 24-year-old native of Bhopal, Madhya Pradesh, had completed two years as a receptionist in the front office department of a mid-range Delhi hotel catering to overnight business travelers.

The young man was restless because he worked in a 14- hour shift and had no savings. He was unable to get into any of the Five Star establishments where the pay was better and the opportunities for promotion were far greater than where he was. On checking his email one fine day, he saw a job offer from a well-known three-star English hotel chain. The email contained a list of jobs including Front Office Assistants.

This was just up Mahadevan’s street! His own qualifications and job experience matched the requirements. Not just that, the salary was in British pounds. Calculating the exchange rate he found the amount to be far above anything he had ever imagined. Two meals and accommodation were also on offer. Excitedly, he completed the attached application form and sent it back, along with his resume.

The very next day he received another mail telling him that he had been selected for the position he had applied for. The mail contained a two year contract letter on the Hotel Group’s letterhead laying out the terms and conditions. The contract was to be printed out, signed and returned. The mail also asked him to make a Western Union wire transfer of Rs 66,000 to a UK account.

The money was required to pay for the processing fee, air ticket, work permit and visa fees. The mail also informed him that the vacancy had to be filled urgently, and therefore he had to make the transfer within the next six days or else the job would go to another candidate. Mahadevan then borrowed money from one of his hotel colleagues. Two lengthy phone calls to his father and an uncle ensured that the balance money was in his bank account.

Withdrawing the whole amount the young man hopeful visited the nearest Western Union branch where he transferred the money to the account number mentioned in the email. Along with the money went Mahadevan’s hopes and dreams of a bright future. Two months of frantic phone calls to the UK numbers given in the emails (which did not exist anyway); visits and calls to the British High Commission in New Delhi and unanswered emails finally brought to him the fact that he had been conned. He also had a debt to repay.

Keeping the present economic scenario in mind, companies in every sector are once again open to recruiting candidates.

Taking advantage of this opportunity, fraudsters have created a sudden burst in the number of fake job offers. Unemployed youngsters who are in dire need of work have become extremely vulnerable to such fraudulent mails.

Several organisations have fallen prey to daring attempts by swindlers who cheat the youth.

Perpetrators generally misrepresent themselves as acting on behalf of companies to offer fictitious employment opportunities.

Although the affected companies are trying to control the situation through various measures, it is very difficult to detect and intervene in every such case.

“Fake job offers are a worrying occurrence. With major changes in the current economic environment, there are primarily three reasons contributing to the rise of such offers.

First, the slowdown prevented many young graduates from bagging job offers.

Second, a lot of people also lost jobs during this period of economic volatility.

And third, companies in all sectors which were earlier extremely conservative in their recruitment, have now announced their hiring plans which are eagerly awaited and anticipated.

Against this backdrop, fraudsters have found an opportunity to exploit,” says Ravi Shankar B, senior VP & HR head, India operations, HCL Technologies.

Ajay Trehan, CEO, AuthBridge, a background screening company elucidates, “Now that businesses have begun to hire again, many organisations are scouting for talent and some of them are hiring in large numbers. These two factors have given fraudsters an ideal opportunity to make some quick bucks out of unsuspecting job seekers, particularly in Tier-2 and Tier-3 cities.”

“Today, candidates looking for white collar jobs come from varied backgrounds. Unlike graduates from Tier-1 colleges, they are unaware of the recruitment processes and easily fall prey to fake job offers. Such fake jobs are most common in overseas job offerings,” opines Anu Parthasarthy, founder & CEO, Global Executive Talent.

Verifying the authenticity of such mails can help in curbing such crimes. To top it all, often at times, the offer looks extremely promising and prompts an immediate response from the victim. In such cases, what role can HR play in curbing this menace? “HR managers who are in touch with students and teachers in academic institutions must actively spread the word. Students must also be alert and should check the authenticity of offers; and share information only if they are convinced about the veracity of the company,” adds Shankar.

“The mode of recruitment should be clearly mentioned on the company portal and HR managers should make sure that the company uses authentic mediums for recruitment. They can ask candidates to post their resumes on the company portal and should preferably conduct interviews at the company premises. In addition, for the recruitment process, they should hire only reputed HR consultants,” says Sunil Goel, director, GlobalHunt India.

Today, there are no stringent laws for cyber criminals in place in India yet. Hence, the general approach is to set up a special section on the company’s website warning about the recruitment fraud, how to detect it and report it.

Whatever the route, it is imperative for organisations to intervene in such cases and ensure their reputation is not maligned by such fraudulent practices.

Article courtesy of Economic Times.

IBM to help small tech cos

Small technology entrepreneurs have more support coming their way. Global software maker International Business Machines (IBM) said it would provide access to research, sales, marketing and technical skills to very early-stage companies, who register on the Global Entrepreneurship Programme.

Entrepreneurs, who are building software in areas such as energy solutions, healthcare and efficient use of water, will have access to the IBM network of 40 innovation centres across the globe.

Article courtesy of Economic Times.

Ranbaxy to hire 1,500 on expansion to push sales

Ranbaxy Laboratories will hire nearly 1,500 marketing executives, expanding its sales team by at least 50%, to spur sales and regain its rank as India’s top drugmaker.

The recruitment push is among the biggest by an Indian drugmaker in recent years, and will be led by India chief executive officer Yugal Sikri, two persons familiar with the pharma company’s plans said.

“Ranbaxy is looking at new rural markets and deeper penetration in interior markets,” said one person who is involved in the hiring. The company plans to hire mostly medical representatives, regional managers and area managers by July to boost sales in the rural markets, he said.

Globally, Ranbaxy, owned by Japan’s Daiichi Sankyo, employs over 12,000 people spread across 46 countries, says the company’s website.

Pharma analysts said Ranbaxy’s aggressive hiring push is also a sign that the company is turning its gaze inwards after problems overseas, especially in the US. The company has run into a spate of patent battles over generic drugs there and its Indian manufacturing units have been under the US drug regulator’s scanner.

And in India, Ranbaxy has been trailing Mumbai-based Cipla since mid-2007. Cipla rode to the top of the Rs 40,000-crore Indian drug retail market with a bigger product portfolio.

Ranbaxy’s sales team of nearly 3,000, which appears slender compared with its rivals and focuses mainly on metros and bigger cities, is also said to be a key reason to keep pace with rivals.

In contrast, Cipla has 5,000 and GlaxoSmithKline 4,000 in their sales teams. Even a mid-sized firm like Mankind Pharma has 6,000 people to push sales. Mankind, among the country’s fastest growing companies, has benefited immensely from sales in rural market and small cities.

A drug company’s field force is crucial to sales because prescription drugs cannot be advertised. Products are typically promoted by local medical representatives through doctors, chemists and hospitals who urge them to prescribe or use their brands over rival drugs.

At Rs 10,000 crore, hospitals and healthcare institutions is a market drugmakers cannot ignore. Ranbaxy will up the ante on hospital and institutional sales, said the second person, an industry watcher familiar with the company’s plan.

“Ranbaxy may create a separate division for hospital and institutional sales, ” he said. Ranbaxy declined to comment. Global CEO and MD Atul Sobti said in February the Gurgaon-based drugmaker would soon roll out a project named Viraat for the domestic market.

“Increase in affordability and accessibility of healthcare have made rural India an attractive and key growth segment,” said Vijay Zutshi, associate director (healthcare) at research firm Synovate. The pricing, distribution and marketing strategy in rural areas is very different from metros, he said.

Emerging markets such as India, Russia, China and Brazil will be the main growth drivers for pharma companies, say analysts. These markets are estimated to grow by 15% annually over the next few years compared with stagnant or low single-digit growth in developed markets such as the US and some European countries.

Article courtesy of Economic Times.

Happy 1st Birthday, High Tea Sessions!

Today our rocking feature: High Tea, has just turned one year old. It has had a smashing first year, and for that we’d like to say a big thank you to you all for making it happen.

In our first year of High Tea sessions, we’ve had 31 sessions of live chat on career growth. Top HR heads have chatted with candidates and answered their queries for one straight hour. The feedback received on these sessions has been overwhelming and appreciative.

Stay tuned for more sessions! Keep High Tea sessions alive and happening.

11th plan aims to create 58 mn new jobs: Govt

The government said 58 million new job opportunities are likely to be created during the 11th Five year plan (2007-12), thanks to various steps including three stimulus packages since December 2008.

Replying to a supplementary during the Question Hour in Lok Sabha, Labour and Employment Minister Mallikarjun Kharge said employment is projected to grow at an average rate of 2.73 per cent annually.

He informed the House that the government has released Rs 27,368.76 crore till April-January period of 2009-10 under the Mahatma Gandhi National Rural Employment Guarantee Scheme.

Similarly, in other employment generation schemes like Swarnajayanti Swarozgar Yojna and Shahari Rozgar Yojna, the government has been making funds available to different states to create new job opportunities.

On whether the government would give unemployment allowance to youths, Kharge said, "As of now there is no such plan."

Article courtesy of Economic Times.