EVENTS

              Attrition is referred as a great problem for a company, which has lot of projects on hand and is in expansion mode. But when the same problem is viewed from management point of view attrition is blessing when maintained at an appropriate level. While organizations lament the challenges that they have to constantly encounter as a consequence of employee turnover, the truth is that all attrition is actually not detrimental for an organization. It is in fact a myth that every time an employee walks out  of the organization.

        The term 'attrition rate' is  reduction in the number of employees through retirement, resignation or death. Good attrition minimizes the adverse impact on business. Desirable attrition includes termination of employees with whom the organization does not want to continue a relationship.

Benefits of attrition to the organization are :

·          Removes bottle-neck in the progress of the company.

·          Creates space for the entry of new talents, external as well as internal.

·          Helps planting "ambassadors" in the eco-system who can have a positive impact on the growth of the organization.

·          Assists in evolving high performance teams.

·          Infuses new blood into the organization.

·          Challenging status quo.

        Some of the  employees will leave the organization  because of  laid-off or terminated as a result of downsizing. Most employees leave their work for reasons other than money. Most leaving employees seek opportunities that allow them to use and develop their skills. Leaving employees want more meaning in their work. They often indicate that they want to use their qualities and skills in challenging teamwork led by capable leaders. This lost talent, and cost can be minimized through good communication."

          Positive attrition is necessary as  dead-woods in any organization have a unbearable impact on people similarly as  rewards are limited, business pressures do not allow the management to over-reward the performers, but when undesirable employees leave the company, the good employees can be given the share that they deserve. Desirable turn-over motivates not only the top management but if each and every employee shares the benefits, the lowest hierarchy motivates everybody and the next year the targets could be much higher. Any positive impact that can be made on attrition will have a direct impact on profitability. So, attrition is a boon in disguise

BIMS(MBA) students win at “Drishti” Event for Emerging Entrepreneurs 2010

Students of Belgaum Institute of Management Studies (MBA) students won at “Drishti” Event for Emerging Entrepreneurs 2010 organized by BET’s Global Business School Belgaum.

The Event “Drishti” was held at Belgaum on 23 rd & 24 th of March 2010. Students from all over Karnataka and other parts of the country participated in the event.

A team of 8 students represented Belgaum Institute of Management Studies (MBA).

Aishwarya Dharwadmath and Vinay Bailur won the first place in ‘Prerana’ Entrepreneur profile presentation. The students had presented on the Profile of Mr. Abu Shaikh.Pankaj Desai and Shoaib Syed won the first place in ‘Diksoochi’ Business Quiz.Naseem Shirhatti and Roshni Nadaf won the second place in Case Study analysis.

Chairman of PES&T Mr.Abu Shaikh, Secretary of PES&T Ms Sabina Abid Ali, Director of BIMS (MBA) Dr.Anilkumar Garag and all staff members congratulated the students for their achievement.

Dr. Kishan Lal Professor Emiretus, from University of Saskatchewan, Saskatoon Canada is on a visit to Belgaum Institute of Management Studies. He has been engaging classes for the students of BIMS (MBA) to acquaint them with economic theories and to help them understand economics from the world perspective. This has been an excellent opportunity for the students of BIMS (MBA) to interact with an international faculty of repute and expand their horizons of knowledge.

INTERNATIONAL SEMINAR on “MANAGEMENT PLANNING AND CONTROL IN TOUGH TIMES”:

Belgaum Institute of Management Studies organized a ONE DAY INTERNATIONAL SEMINAR on “MANAGEMENT PLANNING AND CONTROL IN TOUGH TIMES”

Dr. Suresh Kalagnanam, Associate Professor, Edwards Business School, University of Saskachetwan, CANADA, spoke about how companies should respond to tough times by controlling costs, faster decision making and reducing wastages in regular working of companies. He emphasized on the controlling aspect of management and making companies more efficient.

Shri. S N Gopinath, HR consultant and former chairman of NIPM spoke on Human resource management and its responses to managing people and companies during recessionary times. He also emphasized on different approaches needed to manage people in different types of organizations. He also spoke about the challenges in managing people in new and emerging sectors.

The Seminar was inaugurated by Shri. Abu Shaikh, Managing Trustee of Peoples Education Society and Trust, Prof. Anilkumar Garag, Director of Belgaum Institute of Management Studies (MBA) welcomed the delegates and Prof. Prasannakumar Ganji, convenor of the seminar, proposed the vote of Thanks.

The Seminar was attended by delegates from the Industry, Academics and students from North Karnataka.

Belgaum Institute of Management Studies plays host to Foreign visiting Faculty from Canada:

Dr. Suresh Kalagnanam, Associate Professor of Accounting, University of Saskatchewan, Edwards School of Business, CANADA, is on a visit to Belgaum Institute of Management Studies Bhutramanahatti Belgaum. As a part of his visit to BIMS (MBA), Dr, Kalagnanam has been engaging classes for students of BIMS (MBA) on “Decision Making using Management Accounting” for a week. This programme is part of the regular understanding that BIMS (MBA) has developed with University of Saskatchewan Canada. Faculty members from the above university regularly visit BIMS (MBA) for interaction with the students.

BIMS (MBA) has also planned a Faculty Development Programme for accountancy teachers on the 16 th of November 2009. Dr. Kalagnanam will be sharing his vast experience with the teachers on innovative ways of teaching accounting as a subject to undergraduate and post graduate students.

BIMS (MBA) is also organizing a ONE DAY SEMINAR on 17 th November 2009 at the Bhutramanahatti campus on the theme “MANAGEMENT PLANNING AND CONTROL DURING TOUGH TIMES” Dr. Kalagnanam and Mr. S N Gopinath, a leading HR Consultant from Bangalore are the main speakers.

The Director of BIMS (MBA) Prof. Anilkumar Garag, The Managing Trustee of Peoples Education Society and Trust Shri. Abu Shaikh have appealed to the students of Commerce and Management to take advantage of this unique opportunity of learning and participate in the faculty development workshop and the seminar.

BIMS(MBA) students win the National Level Management Fest:

Students of Belgaum Institute of Management Studies (MBA) won the General Championship at the National Level Management Fest organized by Srinivas Institute of Technology at Mangalore. The Management Fest “Shriyans 09” was held at Mangalore on 20th& 21st of October 09. Students from all over Karnataka and other parts of the country participated in the event.

A team of 10 students represented Belgaum Institute of Management Studies (MBA) and won the General Championship in the 2 day long event. Mr.Kumar Godinal and Ms Deepti Naik stood first in the ‘Vanik’ Finance event.Mr.Naseem Shirhatti ,Sagar Kotharkar and Vinay Cholli won the first prize in the ‘Maharathi’ Marketing event. All teams of BIMS reached the finals of the respective events.

Chairman of PES&T Mr.Abu Shaikh, Secretary of PES&T Ms Sabina Abid Ali , Director of BIMS(MBA) Mr. Anil Garag and all staff members congratulated the students for their achievement.