Focus on managing short term cost imperatives: D&B

Dun & Bradstreet, the world's leading provider of global business information, knowledge and insight along with MetLife organized a conference on ‘Managing HR challenges in the current economic environment’. This conference dwelled on the HR challenges faced by leading companies due to the economic slowdown and the measures undertaken to revive the confidence of the employees.

Highlighting the key HR challenges faced by Managers today,   Mr. Ranjan Acharya, Senior Vice President – Corporate HRD, Wipro Ltd said “To manage employees in a customer centric way we need to use more optimized & business related processes which will in turn help in cutting down discretionary expenses & improve utilization & productivity”.

Discussing his views at the conference  Mr. D. Rajiv Krishnan, Managing Director, DDI India, said “The need of the hour is to concentrate on people related initiatives, better hiring systems with more focus on people development by identifying key leader people”.

Mr. Kaushal Sampat, Chief Operating Officer - Dun & Bradstreet, India, said, “India Inc. is currently undergoing a crisis of confidence, besides facing an economic slowdown. The recent downturn has not just dented corporate profitability but has understandably also dampened business confidence. As organizations begin to re-examine their strategies to stay profitable in difficult times, the HR function comes into sharp focus. Issues like managing employee morale while rationalizing costs and enhancing employee productivity, assume even greater significance given the current tough times. The key challenge before HR managers is to focus on managing the short term cost imperatives while keeping an eye on long term organizational growth.”

“This seminar has been designed as a platform for HR professionals across companies and sectors to discuss the challenges that they face and to share solutions and best practices on how to manage and grow talent in these difficult times,” he added.

About Dun & Bradstreet (D&B):  Dun & Bradstreet (NYSE:DNB), the world's leading source of global business information, knowledge and insight, has been enabling companies to Decide with Confidence® for 165 years. D&B's global commercial database contains more than 135 million business records. The database is enhanced by D&B's proprietary DUNSRight® Quality Process, which transforms the enormous amount of data collected daily into decision-ready insight. Through the D&B Worldwide Network – an unrivaled alliance of D&B and leading business information providers around the world – customers gain access to the world's largest and highest quality global commercial business information database.

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