Abhi
20-12-05
ARM Score.
Enclosed find
- 2 pages for "Employers"
- 1 page for "Jobseeker"
These have to be uploaded on
India Recruiter & Call partner websites).
Sidebar should carry "ARM
score" link.
[Signature/initials]
INDIA RECRUITER
EMPLOYERS
"ARM" Score
– Advertiser
– Responsiveness
– Monitor
Dear HR Manager/Headhunter:
Whereas a candidate would be
happy to get shortlisted – Interviewed – appointed, he would be satisfied with
a simple/even non-committed, feedback/acknowledgement from you, such as:
- We have not yet evaluated your resume in depth. You
need to wait for sometime. We will get back soon.
- We have kept your resume on hold and will get back
to you soon.
- We have stored your resume in our database and will
get back to you shortly.
However, your problem could be: How
can I give feedback to 500 candidates who apply daily? No problem.
Each resume that you get from
this website (When a candidate applies online), will carry these 3
feedback-links. Just click on any. We will deliver your feedback to the
concerned applicant. Then our software will score your
"Responsiveness" as follows:
|
Feedback Link (any) clicked
within days of receiving resume |
1 day |
7 days |
15 days |
After 15 days |
|
Score Awarded |
4 |
3 |
2 |
1 |
|
Your Responsiveness |
Excellent |
Good |
Fair |
Poor |
On an ongoing/dynamic basis, our
software will aggregate and average your ARM score, for all "Apply
online" resumes delivered to you against all job-aduts ever posted by you
on this website. There is no subjective opinion/evaluation by an applicant –
only a simple, unbiased, arithmetic index.
To see your ARM score, Log-In
|
Corporate Subscriber/Log In |
User ID |
Password |
Submit |
|
No. of Job Aduts Posted so
far |
No. of "Apply
online" Resumes sent so far |
Your ARM Score |
Details |
To view score-details,
Advt.-wise, click on "Details" button.
INDIA RECRUITER
EMPLOYERS
"ARM" Score Details For
[Subscriber Name]
|
Srl No |
Job Posting Date. |
Job Title (Position) |
Total "Apply
Online" Resumes received. |
No. % who were given
Feedback within |
ARM score for this Advt. |
|
1 day |
7 day |
||||
|
Total So far |
[Box] |
[Box] |
[Box] |
ARM Score
Learn from Google
INDIA RECRUITER
JOBSEEKERS
ARM Score
– Advertiser
– Responsiveness
– Monitor
Dear Jobseeker
Whereas HR Managers would love to
acknowledge your resume and give you some feedback on the status, it is very
difficult (– if not outright impossible) if a HR Manager receives 500 email
resumes everyday!
But he will, if you "apply
online" against a job-adut posted on this website. When we forward your
resume to a job-advertiser, it carries with it, an embedded "Feedback"
link. When a HR manager clicks on this link, you get the feedback! our
software, simultaneously scores the "Responsiveness" of the
advertiser as follows:
[Blank box/area]
Obviously, a high score indicates
"Excellent" responsiveness.
Would you like to see the ARM
score of Companies advertising on this Website?
Just Log-In here $\triangleright$
User ID [Box] Password [Box] Submit [Button]
|
S. NO |
Advertising Company |
No. of Job Adut Posted so
far |
No. of Apply online Resumes
Sent so far |
Company's Responsiveness
('ARM Score) |
ARM: Advertiser Responsiveness
Monitor
ADVT. DETAIL TABLE
Advertiser Name: Voltas
Job Code: 123698
Position Name: Matr. Mgr
Source: Naukri
Dt:
Feedback History
(To those candidates who
"Applied Online")
|
Srl No. |
Candidate Name |
HR Mgrs gave feedback
within |
|
1 day (4) |
||
|
1 |
Patel |
4 |
|
2 |
Mhatre |
|
|
3 |
Venkat |
|
|
4 |
Praful |
|
|
5 |
D'Souza |
|
|
6 |
D'Mello |
|
|
7 |
Alex |
4 |
|
8 |
Urmil |
|
|
9 |
Athay |
|
|
10 |
Akash |
4 |
|
12 |
||
|
Ave. Score for this Advt. |
$$\frac{12 + 9 + 4 + 2}{10} =
\frac{27}{10} = 2.7$$ |
CORPO. SUMMARY TABLE
Voltas
|
S. NO |
Advt Positn. |
Job Code |
Total No. of Candidates who
applied onli. |
Ave. ARM Score |
Cumu. Ave Score |
|
1 |
Mat Mgr |
10 |
2.7 |
2.7 |
|
|
2 |
Prod. Mg. |
16 |
2.3 |
$$\frac{2.7+2.3}{2} = 2.5$$ |
|
|
3 |
R&D Exc |
64 |
2.9 |
$$\frac{2.7+2.3+2.9}{3} =
\frac{7.9}{3} \approx 2.63$$ (Note: The handwritten
calculation shows $2.7+2.3+2.9=7.9$, then $7.9/3 \approx 2.63$ but the image
has $7.9/3 = 2.95$ which is an error in the note, using the average value of
2.63) |
ABHI / REJJI
Let us Revolutionize!
Company: ABC
ADVT NO: 051123468 (Job Code)
12-11-05
Let us say, 9 candidates
filled-up "Feedback" form as shown
|
Candidate |
Response Rating |
I received an
acknowledgement Within |
|
1 day |
||
|
1 |
||
|
2 |
||
|
3 |
||
|
Total Marks |
4 |
3 |
|
$(1\times 4 = 4)$ |
$(3\times 3 = 9)$ |
So,
Observations:
- One person's "Excellent" (4 score)
experience, equals two person's "Very Poor" (1 score)
experience.
- To get a perfect score of 4 out of 4 (max
possible), all candidates would have to "rate"
"Excellent", thusly:
- To get as high an average score as possible, HR
mgrs would be tempted to give "some"/"any" feedback to
as many applicants as possible.
- Although some margin of error is possible (a
candidate thinking/believing that he received the feedback from the
company on $8^{th}$ day whereas he had actually received feedback on
$7^{th}$ day), by-and-large, the "rating" system does not involve
any "Subjective judgement" on the part of the Candidates.
$$\left. \begin{array}{l}
\text{Within 1 day} \\ \text{" 7 days} \\ \text{" 30 days} \\
\text{Never} \end{array} \right\} \text{These are "Quantitative" data
and avoids any personal "bias/prejudice" on part of the respondents.}$$
- One may wonder (question), "why do we wish to
go thru this trouble of
- getting Candidates to "Respond" (fill-in
feedback form) in the first place
- then, get software to calculate Raw
scores/averages etc!"?
We already KNOW the date
on which, we forwarded the resume
- of any particular "Candidate"
- to any "Company"
- against a "Job code"
Now if a HR mgrs clicks on any of
the 3 feedback-links, again that feedback message email goes thru our server
– and we KNOW that date (those dates) as well!
So,
Without asking any Candidate to
fill-in any "Feedback" form, we can Compute the "Ave.
Score" directly on our own! We don't even need to email the Image
Builder along with "Feedback" form to any candidate! Saves us a
lot of overhead!
This (Automated) process, is also
quite FOOLPROOF & non-controversial.
A candidate could be lazy (and
most are!) and not bother to fill-up & return the Feedback form – even when
the HR mgr. sent him a very prompt feedback!
Obviously no HR mgr would like to
see a poor score, despite taking trouble to send prompt feedback to each
applicant against each advt..
Simply because Candidates are
lazy – & don't Care (about the reputation of the Companies to whom
they are applying).
And if Candidates are frequently
applying to many companies, all the time, they are bound to forget, which
company sent feedback & when – or whether he got any feedback at all –
against a particular advt!
So, just for the "heck"
of filling-up the feedback form, he would fill-in anything to satisfy us – like
completing a "formality/ritual".
On top of it, we are in no
position to bring any kind of "pressure" on the Candidates to fill-in
the feedback form.
So, I feel, if we depend upon the
candidates, for success of
Advertiser Responsiveness Monitor
(ARM)
(Corporate Responsiveness Index –
CRI),
we would be terribly
disappointed!
Within a few weeks of
introduction, the scheme may fizzle-out and lose "CREDIBILITY"
– both, amongst Corporates & candidates.
As against this, an automated
system (based on computer generated "dates" & therefore
"elapsed time"), would prove "CREDIBLE" for the
following reasons:
- It does not depend upon Candidates to take any
action
- Getting a high score is now "controllable"
by HR mgrs - by giving "some/any" feedback FAST by
clicking on one of the links.
This will encourage them to give
feedback to each & every candidate (against each advt) and as soon as
possible.
- Being Software-based, system is free of any
bias/laziness on part of candidate - hence much more "acceptable"
to HR-mgrs.
- By providing a powerful "motivator"
({viz:}$ How to get a high ARM) to HR mgrs, we are ensuring that almost
all applicants will get some feedback & promptly.
This (lack of feedback from
Corpo.) continues to be a major grievance on part of the applicants.
This absence of feedback was a
grievance in the good old days when candidates used to send
"paper-applications" & you ({HR mgrs}$) needed
typewriters/envelope/stamps/ postal dept. to give feedback. This was an
impossible job and, over a period of time, candidates got reconciled to
"Apply, Apply, No
Reply".
This mindset remains same, even
today ({both}$ on part of Candidates & Corporates), despite arrival of new
technologies such as
- Online resume-post
- Online job-post
- " " apply online
- email
- SMS
- Instant Messaging ({IM}$)/Chat etc.
No one has thought of using these
technologies to change this mindset.
From Apply, Apply, No Reply
{TO}$
{TO} \rightarrow$ Apply,
Apply, Always Reply !
Good for us! Because, we will
change
this mindset {thru}$
implementation of {ARM}$.
And imagine the
emotional/psychological impact on the candidates, when they start receiving a
feedback against each & every application!
{Thru}$ implementation of {ARM}$,
we would change the RULES of e-recruitment!
Imagine, when candidates deposit
their resumes on WWJ / Ind-Recruiter and receive INSTANT FEEDBACK,
everytime they click "Apply online" (whether from their mobile
or online),
BUT,
receive NO FEEDBACK, when
they click "Apply online" at {Monster}/\text{Naukri}/\text{Timesjobs}$,
etc.,
THEN,
What are they likely to do?
Of course, they will STOP
jobsearch on other jobsites & STOP "apply online"
on other jobsites !
If that happens - and it will -
we could expect {Monster}/\text{Naukri}/\text{Times}$ etc. to Introduce
a similar feature.
they have already done this {thru}$
{SIVA}/\text{LINA}/\text{STARTRACK}$ etc and {I}$ dont even know!).
Of course, we have to tell the
Corpo- ({--and candidates too}$), how the system works and how, it is in their
interest to use our
"CANDIDATE FEEDBACK FORM".
to create for their Companies, an
image of a HIGHLY RESPONSIVE EMPLOYER.
See enclosed write-up, for
hosting on {WWJ} / \text{Ind} \text{Recruiter}$ ({all partner websites}$ of {GR}$).
[Signature & Date: 12/11/05]
Scan_0016.jpg (Page A)
{ARM}$$
{-- Advertiser}$$
{Responsiveness}$$
{Monitor}.$$
{Dear HR Manager:}$
Ask any candidate.
{His biggest grievance is that}$ {he
rarely receives any response from you,}$ {against his application for}$ {your
application.}$ Apply, Apply, No Reply !
Of course, he would be happy to
- get shortlisted
- get interviewed
- get appointed
{But, he would satisfied with a}$
{simple feedback from you such as:}$
{We know that you are getting}$ {flooded
with email resumes.}$
Scan_0017.jpg (Page B)
How could you possibly give
feedback to each & every applicant? Without spending a lot of time.
No problem.
Each resume that gets delivered
to you from World-Wide-Jobs {or}$ {from any partner website of}$ Global
Recruiter, {carries those 3 feedback}$ {links, mentioned above. Just click
on}$ {any one, and we would automatically}$ {email your FEEDBACK to the
applicant.}$
As simple as that - just a
mouse click!
Then, to measure {-and
publish-your}$ RESPONSIVENESS,
our Software will "score"
you, as follows:
|
Feedback clicked within |
Score |
Meaning |
|
1 day |
4 |
Excellent |
|
7 days |
3 |
Good |
|
30 days |
2 |
Fair |
|
Never |
1 |
Poor |
We will aggregate, all scores
against all advts. not posted by you and {for each \& every
applicant (resume) where}$ {you clicked one of the FEEDBACK links (any}$ {link
- does not matter which), within days" mentioned.}$
{Then, we will publish your}$
{ARM = Advertiser Responsiveness
Monitor}$$
{as shown bellow:}$
A-B-C-D-E
|
Sr No |
Name of Advertiser Company |
ARM Score |
Δ |
|
1 |
|||
|
2 |
|||
|
) |
{[Large box with arrows pointing
to the top and bottom of the ARM Score column]}$
{Please note}$ {Remember}$
- {We are, NOT judging you}$
- {ARM Score is an arithmetical, unbiased index}$
- {The more you Click on "Feedback"
links,}$ {the better ARM Score gets}$
- {Candidates (Applicants) can also see the}$ {ARM
Score of any advertiser. We believe}$ {in total transparency.}$
- {Higher the Score = Higher Applicant Satisfaction}$
{How do we make Corporate
Advertisers}$ {aware of ARM ?}$
|
Corporate Log In |
Your Status Report |
|
User {ID}$ {[Box]}$ |
{No. of Job}$ {Advts. posted}$ {So
far}$ {[Box]}$ |
|
Password {[Box]}$ |
{No. of Resumes}$ {"Apply
online"}$ {[Box]}$ {So far}$ |
|
{Submit}$ {[Button]}$ |
{Your ARM}$ {Score}$ {[Box]}$ |
{[Arrow pointing from the
"Corporate Log In" area to the "Your Status Report" area]}$
{As soon as a Corporate logs in
on any}$ {partner website, this box will pop-up with}$ {latest figures in
window.}$ {OR}$ {Box can always remain up/visible but}$ {only figs get
filled-in when Corpo.}$ {logs in.}$
{Clicking on ARM will reveal ARM
page.}$
{Abhi} \rightarrow \text{Rejji}
\rightarrow \text{Rajeev}$
{See one more example of}$ {some
"Authority" (in this case,}$ {World-Bank), trying to rate}$ {another
Entity (in this case,}$ {Countries). What happens ?}$
[Newspaper clipping:
"Chambers alarming', splits on India's 116th ranking"]
|
Organisation |
Reaction |
|
1. {FICCI}$ |
"Alarming". {Urged
Govt to push thru next reforms}$ |
|
2. {ASSOCHAM}$ |
{Questioned the authenticity of
the report}$ |
|
3. {PHDCCI}$ |
{World-Bank should have taken
cognizance of ...}$ |
|
4. {CII}$ |
{No Comments.}$ |
{Same thing will happen, when we
try to compile and publish}$ CORPORATE RESPONSIVENESS INDEX ({CRI}$) {(based
on Jobseeker Feedback).}$
{One sure thing to happen will be
a}$ DEBATE {, with}$
- {Some Corporates "**dismissing**" the
ranking method/procedure (those who get "Poor" rank !)}$
- {Some corporates "welcoming" this
initiative (those whose "Excellent" ranking will mean, {new}$
{applicants. They can expect many more jobseekers to apply !)}$
- {All jobseekers "embracing
wholeheartedly", this chance to express themselves and being able to
"influence" the {Arrogant (callous) behaviour of the
employers - who, till yesterday}$ {did not give a damn/care a hoot, for
the "**beggars of jobs**" !}$
- {Journalists/Consultants writing : This was overdue
- we always recommended this.}$
{Whatever the reaction, CRI will
get us a lot of}$ Free Publicity ! Let us do.
{[illegible signature and date
16-09-05]}$
{Abhi} \rightarrow \text{Rejji}
\rightarrow \text{Rajeev}$ {16-09-05}$
Corporate Responsiveness Index
- {See my yesterday's note}$ {on this.}$
- {Now read enclosed news-report.}$
- {There are lots of parallels.}$
[Newspaper clipping:
"Check for star on your home appliances"]
|
Home Appliance Rating
System |
Corpo. Responsiveness Index |
|
To Rate What/Whom |
|
|
* {Home Appliances}$ |
* {Corporates}$ |
|
To Rate what QUALITY/
Feature/Parameter |
|
|
* {Energy Efficiency ---}$ |
* {Response - Efficiency}$ |
|
Who rates |
|
|
* {Self-rating (based on
guidelines)}$ |
* {Rating by Jobseekers (who
are sufferers)}$ |
|
How often |
|
|
* {Each \& Every appliance
must}$ {carry the "Star"}$ |
* {Asking jobseekers to rate
response}$ {against each \& every application}$ |
|
How True/Objective rating? |
|
|
* {Cannot Say - since}$ {Self-rated}$ |
* {Very Objective. Since
jobseeker has no}$ {reason/motive to tell a lie!}$ |
|
Scale |
|
|
* {One - to - five}$ |
* {one - to - four}$ |
|
Are Appliance Makers ready? |
|
|
{No. Godfrey took 5 yrs to
get}$ {the star rating implemented.}$ |
* {Yes! Jobseekers are only
waiting for a}$ {chance to rate! Just see, how many}$ {are sending
"Rating SMS" and dozens}$ {of issues on TV channels. Trazing.}$ |
|
Will rating impact
"marketing"? |
|
|
{Very very much}$ |
* {A great deal. Recrm. Mgrs.
will "**fear**"}$ {a Poor rating.}$ |
|
Will this lead to
"better" products? |
|
|
{You bet, it will.}$ |
* {The fear of adverse/bad
rating will}$ {force Recrm Mgrs. to ensure prompt}$ {feed-back against each
resume -}$ {to improve his rating.}$ |
{[Small note at bottom:
"Fear of losing REPUTATION is}$ {worse than **Market-Death**" {[illegible
signature and date 15-09-05]}$]}$
Abhi Rejji Rajeev
15/09/05
Corporate Responsiveness Index
Pl. refer to my note of
$13^{th}$. Also take a look at enclosed news report which ranks India at
$116^{th}$ amongst 155 countries, on a dimension/parameter called
"Ease Of Operations"
Not a flattering rank!
If India was a corporate entity
(a public Limited Company whose Board of Directors is responsible/answerable to
its shareholders and Bankers), then,
some of its Directors would have
lost their jobs, with such a poor rank!
But no such fear for our
Ministers/Bureaucrats!
But this is the idea behind
getting applicants to "rate" the job-advertisers on parameter called
"Responsiveness"
(Handwritten Note, Note:
Likely the last page of a sequence)
On Global Recruiter (really on
websites of GR partners), publishing
"Corporate Responsiveness
Index" for each job-advertiser.
For an individual Company, this
display could be
* Never got any response - 40%
- 33% (within 30 days)
- 20% (within 15 days)
- 7% (within 7 days)
No. Percentage of Respondents =
HOW RESPONSIVE IS?
GODREJ.
Someday, we (GR) will manage to
compile jobseeker's feedback on (say) 500 Companies.
Then we can "rank"
these Companies as follows:
|
Rank |
Name of Company |
% age of Job-seekers who
receive response from the company within 7 days |
% who get response within
15 days |
|
1 |
Voltas |
83.6 % |
12.1 % |
|
2 |
Godrej |
80.4 % |
16.3 % |
|
3 |
L&T |
76.0 % |
|
|
4 |
Wipro |
65.3 % |
|
|
$\downarrow$ average index
order |
Displaying such table would be an
"eye-opener" for the BIG BOSSES in each advertising company! It maybe
enough to cost a HR manager's job! or, start a debate in
- National HRD Network
- National Inst. of Pers. Mgmt (NIPM)
- Executive Recruiter's Asso. (ERAS)
- Institute of Mgmt.
- Mgmt. Colleges etc etc.
On subjects such as
"Corporate Governance in
Relation to Job Applicants"
"How to attract competent
executives"
etc etc
This index is like a bad
"REPORT CARD."
Thought will occur,
"Which good/competent
candidate
would want to even apply to a
company who does not even care to acknowledge/respond to a jobseeker's
application?
How "arrogant" can a
company get? Their attitude towards job-seekers seem to be
"Beggars Can't be choosers!
Put up or shut up! If you don't like us, go elsewhere!"
The index will be a BAD publicity
for poorly-ranked job-advertisers — WORSE for their HR managers.
On our resume form, we have put
it positively, viz:
"Such responsiveness on your
part would go a long way to enhance your Corporate Image amongst jobseekers. It
will take a second — and cost you nothing."
Now, when we introduce the
JOBSEEKER/APPLICANT FEEDBACK FORM (as suggested in my earlier note), at the
bottom of each resume — where HR manager can SEE it clearly — and
can also imagine the (adverse)
consequences of this FORM,
then the HR manager knows that he
will be inviting trouble for himself, if he fails to give feedback to this
candidate!
And, why should he invite
trouble, when all that he needs to do is to simply click on one of the links
that we have provided?
In any case, all 3 links are so
worded that there is NO COMMITMENT of any kind on his part! He can click any
and still feel very safe.
Irrespective of which of the 3
links he clicks, his response will still be "Within 7 days"!
— making his company rank higher!
Nobody is going to turn around
and ask,
"but WHAT actually was the
response?"
That is immaterial — from his
point of view!
And, from the jobseeker's point
of view, "some news is definitely better than no news at all! Better than
apply, apply, apply, no reply."
In fact, any feedback from HR
manager, provides an excuse to jobseeker to follow-up!
In the worst case, if jobseekers
start receiving "feedback (of any kind)" from Corporates, when they
apply from WWJ/JAM, the reputation spreads by word of mouth
VB:
If you click "Apply
Online" directly on any jobsite, you don't get any reply but if you
"apply online" from your mobile, you are bound to get some reply!
That would be great
"ADVERTISING" — and we can bring it about, by simply incorporating
rating in name, "JOBSEEKER FEEDBACK FORM".
Let us do.
115 nations better for doing
business
Economy Bureau
New Delhi, Sept 13
That doing business is not easy
is no news. But what is news is that it is more difficult to do business in
India than even in countries like Nepal, Pakistan, Bangladesh, Sri Lanka and of
course Russia and China.12345
These are some of the findings of
the third 'Doing Business in 2006: Creating Jobs' report brought out jointly by
the World Bank and the International Finance Corp6oration.78910
While ranking the countries on 10
parameters for doing business, the survey has placed India at 116 in the league
tables, much below Nepal (55),11 Pakistan (60), Bangladesh (65), Sri Lanka
(75), Russia (79), China (91) and Indonesia (115). This is the first time12 the
survey has ranked 155 countries on Ease of doing business. The countries ranked
below India are Brazil (119) an13d Egypt (141).14
India ranked 116th15
The top five countries are New
Zeal16and (1), Singapore (2), US (3), Canada (4) and Norway (5). Three European
countries ranked low among the OECD countries: France (44), Italy (70) and
Greece (80). The countries at the bottom are Sudan, Chad, Burkina Faso and
Congo.171819
The indicators used include
starting a business; dea20ling with licences; hiring and firing workers;
registering property and getting credit; protecting investors and paying taxes;
trading across borders; enforcing contracts and closing a business.2122
[Imag23e: Graphic with Ease of
Operations rankings: Pak24istan 60, Russia 79, China 91, India 116, Brazil 119]
THE MARKETS
- INDICES
- BSE Sensex: 8193.96 $\triangle$ 55.54 0.68
- S&P CNX NIFTY: 2500.35 $\triangle$ 16.20 0.65
- MONEY
- US$: 43.91 (Sept 13, 2005), 43.83 (Previous close)
- £: 80.08 (Sept 13, 2005), 80.10 (Previous close)
- Euro: 53.96 (Sept 13, 2005), 53.98 (Previous
close)
- Yen: 39.82 (Sept 13, 2005), 39.92 (Previous close)
- Yuan vs Dollar: 8.0782 (Sept 13, 2005), 8.0794
(Previous close)
fe ADVANTAGE
- EDIT PAGE India's ride on the Airbus to EU
- fe Insight Personal Finance Growth of retail
participation in commodity trading
FE 14-09-05
(Printed News Clipping, Standard TIMES,
Wednesday 14 September 2005)
Business in India is quite a
task
CHINA AT 91, PAKISTAN 60 AND
BANGLADESH 65 RANK BETTER THAN INDIA AT 116
OUR ECONOMY BUREAU
New Delhi, 13 September
India ranks 116th among 155
countries when it comes to the ease of doing business, according to
International Finance Corporation's Doing Business 2006 report released today.
Among South Asian countries, only
Afghanistan at 122 has been ranked below India. China at 91, Pakistan at 60 and
Bangladesh at 65 have been listed by the report as easier destinations for
doing business.
The 187 page report says the time
taken to start a business in India has come down from 89 days in the last
report to 71 days. Besides, 11 formalities are required to be completed in
India now against the South Asia average of 35 days. On the other hand, it
takes just 12 days to start a business in New Zealand, the top-ranked country,
six days in Singapore, which is ranked second, and five days in the US, ranked
third.2526
The report also says it takes 270
days to obtain a licence in India, against a regional ave27rage of 156 days. It
is 93 days for Finland and 60 days for 28South Korea, the countries that have
scored the highest on these parameters. In China, a company spends 363 days to
obtain a licence, though it takes 48 days to start a business. The report also
estimates that it takes 10 years to close a business in India, nearly double
the regional average of 5.1. It takes less than half a year to shut shop29 in
Irelan30d, which has the shortest insolvency process globally.
India, however, has fared better
on the legal rights index, fetching 6 on a scale of 10, compared with the
regional average of 3.8, though it is far below Singapore, Hong Kong and the
United Kingdom, each scoring a perfect ten.
The report names Pakistan among
the top ten reformers globally for reducing the cost to register property,
increasing penalties for corporate governance violations, and simplifying
different licensing norms. India was among the top reformers last year.
CONTINUED ON PAGE 2
|
RANK |
COUNTRY |
|
1 |
New Zealand |
|
2 |
Singapore |
|
3 |
United States |
|
60 |
Pakistan |
|
65 |
Bangladesh |
|
75 |
Sri Lanka |
|
79 |
Russia |
|
91 |
China |
|
116 |
India |
|
119 |
Brazil |
|
Source: IFC |
Abhi Rejji Rajeev
13-09-05.
Corporate Responsiveness Index
I have talked about
developing/displaying such an Index, in some of my earlier notes.
There will be a Index for each
employer/job-advertiser.
This Index will be a measure of,
"how responsive is an employer/advertiser when it comes to
responding/replying to candidates who have applied against that company's
advts?".
You know, today's situation, viz:
Apply Apply, Apply, No Reply!
Some 98% of employers/advertisers
don't bother to even "acknowledge" receipt of an application!
But it is also difficult to blame
a HR manager (for not acknowledging) if he gets 500 email resumes, day after
day! He will have no time to do anything else, other than ack. applications!
So, we introduced a FEEDBACK FORM
as part of resume that we email to an employer.
Makes his task extremely easy. So
we can expect some incentive on the part of the Recruitment Manager, to spend 3
seconds to click on one of the Feedback Links.
But "ease of giving
feedback" may not be SUFFICIENT incentive to take the trouble of clicking!
We must provide a HR manager,
"more-than-sufficient" incentive to give feedback to each & every
applicant!
Following could be an answer:
Somewhere below the email resume
we will provide a box which reads:
*Employer Responsiveness Index*
Dear Job-Applicant:
As requested by you, we have
forwarded your resume to the above-mentioned job-advertiser. We have also
provided a simple quick method for the employer to give you FEEDBACK (Status of
your application)
To enable us to know whether you
got any feedback or not (and when), please $\checkmark$ tick $\checkmark$
appropriately and return this email back to us. This will help us
develop/display, for this employer, a
EMPLOYER RESPONSIVENESS INDEX
Your Feedback (Employee Feedback)
- I received a feedback
- Within 7 days O
- Within 15 days O
- Within 30 days O
- Never O
Now, everytime a candidate
"applies online", besides emailing to him, a full copy of job advt.,
we also email to him his own resume containing
- Employer Feedback Form
- Applicant " $\checkmark$ "
When advertiser sees this form,
he is now WORRIED that if he does not respond/feedback, his company will
get a POOR Index! That will be a powerful incentive for him to click
on feedback. Let us introduce asap.
Abhi Rejji
- Pricing Trends
- Barometer of consumer shopping habits
- Price History
- Market Place Research
- Data/Charts/Graphs
- Paid Service
- Baseline Product Prices
The above are some of the words
used in this news report about e-bay's new service. Thru clever
"datamining", they have figured-out a way to unlock the VALUE
(i.e. money) hidden in their huge database which keeps growing rapidly.
We too, have talked about
continuously compiling several Historical data re: No. of Jobsearches/Resume
searches and aggregating the "Keywords" used during these searches.
TREND TRACKERS TECHNOLOGY
eBay lets users search prices
The online auctioneer eBay Inc.
on Thursday introduced a service that lets users search the price history of
any product on its electronic marketplace for the last 90 days. The new service
will track items on a site called Trend Trackers, which will show, give buyers
and sellers a view into millions of past and present listings. The company has
been compiling a constantly updated barometer of consumer shopping habits. The
information includes charts related to data, charts and graphs, that show the
prices of goods. The service will be offered for free for the first six months,
which gives consumers a powerful way to find better product prices...
"Rating" of a resume by
a no. of HR mgrs and compiling/displaying ARM score. (Advertiser Responsiveness
Monitor) is also meant to attract HR Mgrs to GR/AR. Today, I have sent you a
separate note on ARM. These are low priority projects.

































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