November 2016

For past fifteen years since he left his village, Kishore now lives in tier two city with his wife and a ten year son and six year old daughter. He works very hard to bring two-end meet. Visiting grandparents that too only once in a year during summer vacation is the happiest time of the year for the family and for that he needs to book his tickets 3 months in advance to have safe and comfortable journey of over 1500 km. In spite of so many efforts he was not able login to the railway server due to heavy traffic to book the ticket and got the waiting of over 100 in front of them before he gets confirmed ticket, which for all practically reasons looks impossible. Now the only think he is left with is to do some “juggad” with ticket checker during the journey.

Bribing and fueling corruption! Please, don’t expect a person like Kishore – challenged in every sphere of life with virtually no option other than train to commute to set the perfect example of honesty and integrity, at least for a perpetually incompetent and not so trustworthy government system. He has to explore and that too quickly parallel and more effective channels to make his family happy. After all he is just demanding normal infrastructure and no world class education system yet.

A happy taxpayer is one who pays his taxes knowing that a great part of his hard earned money will be used for the betterment of the society. When a government with its massive action plan fails to set this simple belief right in the minds of its citizens then they resort not to pay taxes and “takes charge himself”, siphoning money at his own discretion to improve his life which government was not able to do for him. Black money in essence is making conscious decision not to pay taxes on earning. But why would one be excited to burn his hard earned money where no tangible benefits are seen from government? They fail to see exemplary leaders.

He’ll also go for bribing; again thinking that he don’t need to be part of the inefficient system to rise. Bribery again is a clear slap that government is yet to clean its own backyard before starting to clear the black money. People bribe when the legitimate functional channel don’t exist or if it all exist then it is “good for nothing”. Then why would I pay my hard earned money as taxes when I won’t be able to see any changes?

Parallel channel’s existence like bribery and other form of corruption is questioning government’s ability to deliver and an open declaration that we don’t trust you anymore for our betterment. When government fail to deliver then citizens too get more and more inclined to become independent in their own way; expecting nothing from it and hence feel find every reason to justify its own wrongdoing.

None of the top most profit making companies is in India. None of the best technological company is in India. These companies in spite of paying huge taxes to government in their respective countries they still manage to put huge success for themselves, for the employees and for its users. Because when they pay good taxes a large part of it is spend back on people and country which in turns increase the affordability of the people to buy these products. Now that guarantee in India doesn’t exist.

Government ji – let’s start to give before demanding. How about starting with at least guaranteed sleeper class ticket for everyone?

CAUSE & EFFECT: Removal of black money turning things red – Govt. chasing its tail. 

1. The markets don’t know yet how to respond to this change. The industry pundits keeping their cards still closed. But one thing for sure won’t be same as it was before and that is people’s readiness to accept uncertainties and became more demanding for their rights now with government.

   1. GOT NOTHING TO LOSE: Before, people with stockpile of black money were always busy pleasing officials to cover their wrong doing but now they’ll be more demanding for their rights from government and eager to see that government too flushing corrupt officials. Instead of government jobs and powerful public positions there’ll be new wave of entrepreneurship that’ll give more control and rewards to hard working people.
   2. LESS TOLERANCE SOCIETY: After people its governments turn to deliver and become more transparent. In the past people with special money were indifferent towards government’s policies to provide them with better health care, world class education system, unshakable infrastructure of roads and railways as they take care of it by themselves. But now people will have less tolerance and exercise their voting rights wisely and demand accountability of money they collected from them to fund different projects.
   3. BURSTING REAL ESTATE BALLOON: In absence of disposable black money the industry won’t see any increase in supply of new projects at least for some time and real-estate developers will desperately look for genuine money to meet its immediate obligation to complete existing projects which were till now fulfilled by special money. Now, they don’t mind relaxing prices for genuine buyers. Coming one year is totally going to be buyer’s market. The best time to buy your dream home is in now.
   4. NO INCENTIVE TO SAVE: Saving interest rates is bound to go up – whether in bank or personally, people would not justify saving their hard earned due to unpredictable future. It’ll give rise to unwarranted consumerism same as what happened in US after Second World War as most of them feared that there is no life guarantee so enjoy today as much as you can. Also some would prefer to invest their disposable income; thereby the savings interest rate will go up as banks will find hard to convince people to save money with no real-returns.
   5. DISINCLINED TO WORK MORE: They’ve worked more in the past and thrown away their “work-life balance” for a toss only because majority of rewards will be consumed by them but now the more you work the more you making government richer at the expense of your health and relationship. So people won’t work more just to make others richer. In fact this’ll open newer opportunity for those who are under-used to grab the extra work and start to lead a descent life.

In spite of fat pay packages, work-life balance or jaw-dropping job profile – no matter what you provide to the employees; the organizations all over the world largely failing to rightly connect with its employees and constantly missing on true leavers to transform the organizations. These expectations mismatch leads to dipping employee satisfaction, rising employee attrition and frequent job changes put toll on organization’s performance. Can engaged employees alone create innovative and world class offerings for common people? Are organizations failing to give or failing to get from employees?

According to the new findings, there is a rising trend; especially in innovative companies where employees are more and more satisfied and contribute significantly when they become part of the disruptive innovation where employees are meaningfully aligned with never before strategic vision of company; giving them unique opportunity to create and contribute to themselves and to the company. Competitive Salary, High Profile though necessary for employees but it’s only the unparalleled vision of key leaders that bind and retain critical talent within industry to transforms their organization into world class and biggest leavers to engaged and empower its employees.

The availability of engaged employees alone cannot guarantee transformation without empowering vision of key decision makers. Engaged employees are like untapped energy that goes unused without committed vision of key decision makers to create world class products and services.

Leadership, is all about empowering the team – it’s ability to attract and retain key talents for future growth.