i-manager's Journal on Management (JMGT)


Volume 18 Issue 1 July - September 2023

Article

Role of Workforce Agility in the Digital Era

Deborah Sharon S.* , Vaneeta Aggarwal**
* Department of Management Studies, Rajalakshmi Engineering College, Chennai, Tamil Nadu, India.
** Department of Management Studies, University of Madras, Chennai, Tamil Nadu, India.
Sharon, S. D., and Aggarwal, V. (2023). Role of Workforce Agility in the Digital Era. i-manager’s Journal on Management, 18(1), 1-8. https://doi.org/10.26634/jmgt.18.1.19882

Abstract

Technology plays a significant role in influencing and changing the way businesses function. Human resources in the organization, a unique asset, is the competitive advantage an organization can bank on. In this digital era, the role of workforce agility is substantial. The agile workforce has adaptability, flexibility, positivity towards learning and development, speed, collaboration, competence, and innovation as its characteristics, enabling the organization's survival. Workforce agility plays a significant role in converting technology into a job resource, innovation, employee performance, employee well-being, digital transformation, and organizational performance. This paper brings out the role of workforce agility in the success of the organization in the long run and examines the meaning, significance, and role of workforce agility in the digital era through a comprehensive review of relevant literature. The paper also discusses the transformative impact of technology on the workforce and the need to harness it as a job resource. Technology can either enhance work meaningfulness and self-actualization or introduce high demands due to rapid technological changes.

Research Paper

Assessing the Effectiveness of Interest Rate Capping Policies in the Finance Sector in Kenya

Peninah Nduta Kingori* , Mwami Milimo**, Sumi K. V.***
*-*** University of Kerala, Thiruvananthapuram, Kerala, India.
Kingori, P. N., Milimo, M., and Sumi, K. V. (2023). Assessing the Effectiveness of Interest Rate Capping Policies in the Finance Sector in Kenya. i-manager’s Journal on Management, 18(1), 9-30. https://doi.org/10.26634/jmgt.18.1.20178

Abstract

This research study investigates the impact of interest rate capping policies on the stability and profitability of commercial banks in Kenya. The study aims to provide insights into the effects of these policies on crucial variables such as interest rate spread, financial institution profitability (Return on Assets - ROA), and regulatory factors (capital adequacy). The quantitative research design uses secondary data from reliable sources like the Central Bank of Kenya. The objectives of the study are to assess the effects of interest rate capping policies on interest rate spread, analyze the relationship between interest rate capping and financial institution profitability, examine the influence of regulatory variables on the effectiveness of these policies, and control for macroeconomic and bank-specific factors in the analysis. The research methodology involves a quantitative approach, utilizing secondary data collected from the CBK website. The study period covers the years before and after implementing interest rate capping policies, allowing for a comprehensive analysis of their impact. Multiple regression analysis evaluates the relationships between interest rate capping policies, interest rate spread, and financial institution profitability. The study's findings indicate that interest rate capping policies have decreased banks' profitability, making them more susceptible to financial instability. The study suggests the importance of alternative policy solutions, such as fostering competition, improving financial literacy, and strengthening consumer protection laws. The study emphasizes the need for a balanced approach to interest rate regulation, considering the broader macroeconomic context, specific banking sector characteristics, and the role of regulatory variables.

Research Paper

A Study on Work-Life Balance among the Employees of Manufacturing Industries in MEPZ, Tambaram

Yuvaraj M.* , Thanga Baalaji Amuthan**
*-** Department of Management Studies, SRM Valliammai Engineering College, Chennai, Tamil Nadu, India.
Yuvaraj, M. and Amuthan, T. B. (2023). A Study on Work-Life Balance among the Employees of Manufacturing Industries in MEPZ, Tambaram. i-manager’s Journal on Management, 18(1), 31-36. https://doi.org/10.26634/jmgt.18.1.19912

Abstract

Work-life balance has generated global interest among employers with the increasing competition among industrial players in the market, where it is seen as a competitive advantage due to the retention, engagement, and motivation outcomes among employees to work for the employer. This study focuses on identifying employees' preferences for the types of work life in manufacturing industries in Tambaram MEPZ. Primary data was collected through a questionnaire of 100 respondents. The result reveals that employees place a higher value on the provision of wellness programs, and they believe that allowing special family leave should be emphasized more by their employers at the workplace. The results also highlight the importance of gender-neutral support systems and policies for mental health and stress reduction in organizations and show that younger employees tend to work overtime more frequently. The findings present insight into employers' current positioning of work-life balance in the workplace.

Research Paper

E-Recruitment Strategies for Effective Recruitment: Perception of Recruiters in Chennai Region

Fathima Nazreena R.*
Department of Management Studies, SRM Valliammai Engineering College, Chennai, Tamil Nadu, India.
Nazreena, R. F. (2023). E-Recruitment Strategies for Effective Recruitment: Perception of Recruiters in Chennai Region. i-manager’s Journal on Management, 18(1), 37-44. https://doi.org/10.26634/jmgt.18.1.19925

Abstract

This study has examined the effectiveness of the internet as a source of recruitment. As a result, e-recruitment provides effectiveness in the hiring process by reducing costs and time. The outcome of the research indicates the idea of implementing and developing an organization's website to enable the e-recruitment system. The results have shown that the qualified employees generated from the e-recruitment system are more effective than other recruitment sources. Furthermore, the e-recruitment system has an impact on the applicant's decision to apply for the job, and the website presents the organization's environment and the job's nature. The objective of the research is to study the perceptions of recruiters towards e-recruitment strategies for effective recruitment in the Chennai region, Tamil Nadu, India. The study has been carried out with a descriptive research design. Primary data collection was done by the researcher from 120 recruiters across the Chennai region who are working for various companies. The data for the work has been collected through a well-structured questionnaire prepared and circulated. The data collected has been properly cleansed, coded, and analyzed using SPSS software. The overall results from the study support the need for the Human Resources Department to develop an e-recruitment system and implement a new recruitment strategy to achieve the organization's goals more effectively.

Research Paper

A Study on the Effectiveness of Performance Appraisal Systems and its Influence on Employee Productivity with Specific Reference to Logistics Industries in Chennai

Christopher Selvakumar T.*
Department of Management Studies, SRM Valliammai Engineering College, Chennai, Tamil Nadu, India.
Selvakumar, T. C. (2023). A Study on the Effectiveness of Performance Appraisal Systems and its Influence on Employee Productivity with Specific Reference to Logistics Industries in Chennai. i-manager’s Journal on Management, 18(1), 45-51. https://doi.org/10.26634/jmgt.18.1.19918

Abstract

Performance appraisals are part of guiding and managing career development. Performance appraisal is the systematic evaluation of the performance of employees to understand the abilities of a person for further growth and development. The primary objective is to study the effectiveness of performance appraisal systems and their influence on employee productivity in logistics industries in Chennai. The secondary objectives are to reduce the grievances of the employees, identify employee attitudes towards the appraisal system, observe the work environment in the organization, and provide information to assist in other personal decisions in the organization. The study has been carried out with a descriptive research design. Primary data collection was done by the researcher from 120 employees working in logistics companies in Chennai. The data for the work has been collected through a well-structured questionnaire prepared and circulated among a larger population, and the data collected has been analyzed through various statistical tools like rank correlation, chi-square test, and confidential interval. Numerous new findings have been derived from this research, which has helped to provide suggestions to companies on improving their appraisal systems.

Research Paper

Influence of Organizational Climate in Job Satisfaction among the Employees in Logistics Firms

Moulicharan S.* , Thanga Baalaji Amuthan**
*-** Department of Management Studies, SRM Valliammai Engineering College, Chennai, Tamil Nadu, India.
Moulicharan, S., and Amuthan, T. B. (2023). Influence of Organizational Climate in Job Satisfaction among the Employees in Logistics Firms. i-manager’s Journal on Management, 18(1), 52-57. https://doi.org/10.26634/jmgt.18.1.19896

Abstract

Organizational climate can be defined as the perceived attributes of an organization and its sub-systems as reflected in the way an organization deals with its members, groups, and issues. The primary objective of this study is to examine the impact of organizational climate on job satisfaction with reference to logistics firms. The study of organizational climate is necessary for an insight into important dimensions such as communication, cooperation, creativity, employee satisfaction, etc., and these factors determine the effectiveness of the organization. If the organizational climate is favorable, there will be greater organizational effectiveness. The results reveal that there is no significant association between age, knowledge, and enterprise recognition, while gender differences suggest that female employees may be more satisfied with their superiors' responses to issues or problems. A strong, positive correlation is found between the effectiveness of grievance settlement and the satisfaction of top management's decisions related to grievances.