{"title":"Subjectivity Bias elimination in employee appraisal process: Role of people analytics","authors":"D. Saha","doi":"10.52814/pjma.2021.1111","DOIUrl":"https://doi.org/10.52814/pjma.2021.1111","url":null,"abstract":"Purpose: This research serves the purpose of dealing with different types of Human Subjective Biases in Performance Management System by interview-based analysis and content analysis depending upon inputs from renowned HR professionals and then to determine if HR Analytics can help the HR practitioners in objective-decision making rather than intuition in PMS.Design/Methodology/Approach: Focused-Group-Interview approach is followed here to acquire in-depth information about Subjectivity Bias Elimination in Employee Appraisal Process and how the same can be mitigated with the help of People Analytics. Findings: This research will reveal the truth of erroneous subjective judgments based on instincts and how HR Analytics can help the HR practitioners in objective decision making rather than intuition in PMS. Originality/ Value: This research identifies factors leading to Subjectivity Bias in Employee Appraisal Process. It suggests updated criteria for HR professionals to mitigate subjectivity bias in Employee Appraisal Process with help of People Analytics. ","PeriodicalId":150394,"journal":{"name":"Prayukti – Journal of Management Applications","volume":"128 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-11-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124343462","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Choosing the path to metaverse in HR","authors":"F. Sharma, A. Aljapurkar, S. Purandare","doi":"10.52814/pjma.2023.3104","DOIUrl":"https://doi.org/10.52814/pjma.2023.3104","url":null,"abstract":"Metaverse is increasingly attracting the attention of scholars and practitioners seeking to understand its theoretical foundations and business implications better. This article provides an overview of what has been studied and researched in the academic analysis of the metaverse. It adopts a systematic literature review and bibliometric analysis. The research is a thematic map of metaverse research. Four metaverses of current research, Metaverse in Hr, Metaverse in future and Is India ready for it?","PeriodicalId":150394,"journal":{"name":"Prayukti – Journal of Management Applications","volume":"29 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123755197","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The study of the awareness and satisfaction among consumers towards Chatbot technology for online purchases in Mumbai city","authors":"R. Khatri","doi":"10.52814/pjma.2021.1101","DOIUrl":"https://doi.org/10.52814/pjma.2021.1101","url":null,"abstract":"This paper discusses about the Chatbot artificial intelligence interaction that has been adopted by most of the service sector in India. Initially Chatbot was considered as niche technology, but today Chatbot has been increasingly used in the main stream business. The retail sector also is using this technology to actively engage consumer 24/7. Chat bot enable retail business to provide superior customer service by driving customer engagement without human intervention. The objectives of the study was to understand the concept of Chatbot technology and its application in Indian retail companies. In order to understand the awareness and satisfaction level of customers using Chatbot for their retail queries the study has also focussed on primary data of 81 respondents who are using Chatbot to raise their queries and it was found that many of the respondents were aware of Chatbot technology and were satisfied with its usage. Therefore this research study is an attempt to understand the growing importance and adoption of Chatbot technology in India as a better customer interface.","PeriodicalId":150394,"journal":{"name":"Prayukti – Journal of Management Applications","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126755436","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"An empirical analysis of student’s experience with educational loan services offered by banks","authors":"R. Gethe, M. Hulage","doi":"10.52814/pjma.2022.2106","DOIUrl":"https://doi.org/10.52814/pjma.2022.2106","url":null,"abstract":"The government of India is committed to furnishing primary education to all the Higher Education is nowadays becoming the domain the of private sector. As the Government of India gradually reduced government subsidies for higher education which made it costly to pursue. Developing Human Capital is any nation’s priority and thus any deserving student should get an opportunity to pursue higher education Loan for Education need to be considered as an investment for economic development. On 13th June 2000, the Hon’ble Finance Minister while in the meeting with Chief Executives of Public Sector Banks promoted the need for a Comprehensive Educational Loan Scheme which should be adopted by all banks. The Educational Loan Scheme outlined by Reserve the Bank of India whose objective is to furnish Financial Support to deserving and meritorious to pursue their Higher Education in India or abroad by the Banking Systems with affordable Terms and Conditions. In this background, the proposed research paper tries to analyze the trends and patterns of educational loans taken by students. Paper The also finds the correlation between Student’s Family Background/Income, Type of University, Student’s Experience with Loan processing and Disbursement and Services offered by Banks while Loan applications.","PeriodicalId":150394,"journal":{"name":"Prayukti – Journal of Management Applications","volume":"165 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114004366","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"A prediction modelling for stock returns: Analytical study with reference to automobile sector in India","authors":"P. Kumar, A. Yadav","doi":"10.52814/pjma.2021.1112","DOIUrl":"https://doi.org/10.52814/pjma.2021.1112","url":null,"abstract":"With about 3.99 million units sold in the categories of passenger and commercial cars, India became the fourth largest car market in 2019, displacing Germany. By 2021, India is projected to overtake Japan as the third largest market for cars. Thanks to a rising middle class and a young demographic, two-wheeler segment dominates the industry in terms of value. Furthermore, the rising curiosity of companies in exploring rural markets has further supported the growth of the business. India is also a leading vehicle exporter and has strong expectations for near future export growth. The investment made in any security contains a risk factor that can be very high or low. It is also good for investors to evaluate stock prices in terms of risk and return before taking any sound investment decision, which gives a clear understanding of the risk return characteristics of the stock price which is to be calculated. The aim of this study is to predict the future stock price of selected automobile companies listed on the Indian stock market by using a mathematical method to measure drift and volatility over the last 10 years using historical stock price data. The method used to forecast the future stock prices is Monte Carlo simulations using python by considering only historical prices of selected stocks..","PeriodicalId":150394,"journal":{"name":"Prayukti – Journal of Management Applications","volume":"16 8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128186342","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Neo-banking challenges and expansion in future","authors":"Jahanvi Sharma, Sonal Patil","doi":"10.52814/pjma.2023.3201","DOIUrl":"https://doi.org/10.52814/pjma.2023.3201","url":null,"abstract":"Technology is driving a fundamental shift in banking with automation. Neo banks have evolved and grown significantly in India despite their relatively recent entry into the larger fintech segment. The neo-banks have a different concept from online banking services, moving away from digital banking to focus on providing a superior customer experience and front-end operations with digital solutions. Many traditional processes still rely heavily on people and paper to process customer requests, which is costly and slow and can lead to inconsistent results and a high error rate. The highlighted stack has played a central role in Indian digital banking growth, allowing banks, non-banking financial companies, fintech, government agencies and other financial services players to enable the digital, paperless and cashless delivery of services. The neo-banking industry challenges from the entrenched player, then dependency on banks, security concerns, regulatory ambiguity, and increased competition from fintech and super apps that combine elements of e-commerce, payment and financial service into the same platform.","PeriodicalId":150394,"journal":{"name":"Prayukti – Journal of Management Applications","volume":"150 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123227931","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"A study of charging station infrastructure of electric vehicles with respect to the Pune market","authors":"S. Kambale, Y. Bhowte","doi":"10.52814/pjma.2022.2108","DOIUrl":"https://doi.org/10.52814/pjma.2022.2108","url":null,"abstract":"This paper is for the revolution and the need for electric vehicles (EV) and its challenges for the charging infrastructure for Pune electric automobile industry. The current growth of EVs is slow due to the issues such as slow charging time, accessibility, lack of charging infrastructure. Identifying the characteristics and demand of fast charging EV load of Pune. Within a radius of 3 km charging station is required in the Pune. Government policies and the Pune municipal corporation initiative towards the charging infrastructure for the smart Pune city. Interaction of electric vehicle and charging station for the availability of charging slots in the charging station to reduce waiting time.","PeriodicalId":150394,"journal":{"name":"Prayukti – Journal of Management Applications","volume":"21 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125905065","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Falguni Sharma, A. Aljapurkar, Shradha Purandhare, Manjiri Joshi
{"title":"Emotional Intelligence in HR","authors":"Falguni Sharma, A. Aljapurkar, Shradha Purandhare, Manjiri Joshi","doi":"10.52814/pjma.2023.3206","DOIUrl":"https://doi.org/10.52814/pjma.2023.3206","url":null,"abstract":"Emotional intelligence (EI) is critical in human resources (HR) within the IT sector. This research paper examines the importance of emotional intelligence and its impact on various HR functions, ultimately contributing to the overall success of IT organisations. The paper highlights the importance of emotional intelligence in HR by exploring its role in effective communication, conflict resolution, employee engagement and retention, stress management, leadership development and change management. Understanding and harnessing emotional intelligence enables organisations to foster a positive work environment that increases employee well-being and productivity. In the rapidly developing and technology-driven IT sector, emotional intelligence enables HR professionals to navigate the complexity of human interactions. Effective communication is the cornerstone of successful HR practices, and emotional intelligence provides the tools to understand and connect with others on a deeper level. By actively listening, empathising and appreciating different points of view, HR professionals can foster an environment of open dialogue and collaboration. Conflicts inevitably arise in a high-pressure IT environment, and emotional intelligence is essential for effective resolution. HR professionals with emotional intelligence can manage conflicts by recognising and dealing with underlying emotions, facilitating open discussions and finding mutually beneficial solutions. This skill fosters a culture of understanding, teamwork and mutual respect among IT professionals. Employee engagement and retention are critical to the growth and stability of IT organisations. Emotional intelligence enables HR professionals to understand employees' needs, aspirations and motivations. HR professionals can increase employee engagement and job satisfaction by recognising and appreciating individual contributions, providing timely feedback, and offering growth opportunities. This, in turn, reduces turnover and recruitment costs while fostering a sense of loyalty and commitment. The demands of the IT sector often lead to high-stress levels among employees. Emotional intelligence equips HR professionals to identify signs of stress or burnout and implement appropriate support mechanisms. Wellness programs, flexible work arrangements and stress management workshops can be implemented to prioritise employees' mental","PeriodicalId":150394,"journal":{"name":"Prayukti – Journal of Management Applications","volume":"73 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127125862","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Assessment of household risk perception regarding digital payment adoption","authors":"Rashmi Paranjpye, Aprit Trivedi, Sheetal Darekar, Rishabh Chandel, Amisha Singh","doi":"10.52814/pjma.2023.3202","DOIUrl":"https://doi.org/10.52814/pjma.2023.3202","url":null,"abstract":"Technology integration into commercial operations has paved the way for a range of novel support services in the market. Among these, electronic payments (e-payments) have emerged as a significant option, allowing transactions to occur electronically and eliminating the need for physical cash. The global acceptance of electronic payment systems varies, with specific methods achieving widespread popularity while others experience limited adoption. A key factor influencing the slow uptake of some payment systems is their perceived risk level. In this study, we surveyed 200 households in Pune to investigate their perception of risk concerning digital payments. The findings indicate that households' perception of risk related to digital payments is relatively low. This suggests a high level of confidence in digital payment systems' reliability and security measures.","PeriodicalId":150394,"journal":{"name":"Prayukti – Journal of Management Applications","volume":" 31","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114051348","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Innovations in contemporary marketing through artificial intelligence and robotic drones","authors":"A. Pamnani, V. Parvathi","doi":"10.52814/pjma.2021.1105","DOIUrl":"https://doi.org/10.52814/pjma.2021.1105","url":null,"abstract":"The marketing industry has undergone rapid changes since the dawn of the new millennium. Technology has become an integral part of contemporary brand marketing techniques. It is a tool which helps bring brands to life and also evaluate how consumers interact and see brands. This research paper analyses the role of ‘Artificial Intelligence’ and 'Robotic Drones' in helping create and manage, innovative marketing campaigns for companies and Government organisations. Cloud Computing, Natural language processing, Data Analytics and other Internet related technologies are evolving day by day. They will be used for performing cross functional hand shake with high tech drones, which will eventually have a huge impact on the field on marketing. Artificial Intelligence will form the back bone of this new genre. Drone technology being used for marketing is giving birth to new methods of marketing, which haven’t been seen in the past before. By using drones to accumulate and eventually integrate the available data, new marketing campaigns can be designed which will lead to more innovative techniques. SWOT analysis of Innovative Creative Marketing through ‘Artificial Intelligence’ and ‘Drones’ has been covered in this research paper and critical evaluation analysis has been done of each stage. Brand management is key towards a successful marketing campaign. As artificial intelligence and drone technology, start entering this domain it will need to new and creative ways of gathering data, which will help in launching innovative marketing campaigns. Engaging the customers will be done at a whole new level. The evolution of drones for commercial marketing has evolved quite recently in the past few years. Yet, it has highlighted an immense potential for the next frontier of marketing. This research paper, concludes by giving us suggestions on how the future in this field is going to be and the amalgamation of new and niche technologies like these, is going to change the world of Marketing forever in the decades to come.","PeriodicalId":150394,"journal":{"name":"Prayukti – Journal of Management Applications","volume":"45 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123338570","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}