Business Standard

Letter to BS: Today both employers and employees are demanding more

The frequency in technological change calls for greater market alertness and the younger generation can play a vital role in this regard

Sensex mirrors India Inc's transformation since 1991
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Business Standard
This refers to your article "Transforming performance" (June 10). It is necessary to go back in time to review the changes on the economic front directly related to employment. The economy before 1991 had socialist leanings with government policies being more employee protective than market competitive. Annual appraisals of employees by superiors were unrealistic and based more on personal prejudices of the reviewing authority. Regardless of reviews, job security overruled performance quality. 

Post 1991, a reverse trend occurred, when the economic policies led to capitalist leanings. Intensifying competition meant product quality had to be globally qualitative. Job performance superseded job security.

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