https://www.linkedin.com/feed/update/urn:li:activity:6783055841592446976
Wednesday, March 31, 2021
Tuesday, March 30, 2021
Auditable items of AML Audit.
AML Education and Training is one of the auditable item in AML audit of FIs and DNFBPs.
Hence, to get a positive Audit report without adverse remarks, provision of training should be mandated in any organisation.
National Association of Letter Carriers | Benefits of Quality Management | The Trade Union Act, 1926
National Association of Letter Carriers
Benefits of Quality Management
The Trade Union Act, 1926
Monday, March 29, 2021
Amalgamated Society of Engineers | Conditions precedent to retrenchment of workmen. | Consequences of Group Cohesion | Abilene Paradox | Placebo effect | Hawthorne effect | Halo effect
Amalgamated Society of Engineers
Conditions precedent to retrenchment of workmen.
Consequences of Group Cohesion | Abilene Paradox | Placebo effect
Hawthorne effect | Halo effect
Sunday, March 28, 2021
Saturday, March 27, 2021
MCA updates on Money Laundering
MCA has come out with a fantastic move to prevent money laundering and also bringing Professionals and Company under the ambit of money laundering.
Following new insertions are made in the new Directions:
1. Disclosure of Investment in virtual currency or bitcoin.
2. Disclosure of Benami Property.
3. Relationship with struck off Company.
4. Wilful Defaulter if any have relationship with the Company.
5. Details of undisclosed income.
6. Title deeds of Immovable property not in the name of the Company.
This increases the scope of due diligence on Companies.
Read the entire update here...
Growth of NBA
Growth of NBA
27 lawyers on retainer fees basis, 5 interns, 4 Managing Partners, One Senior Consultant and 1 executive assistant.
Growing every day. Because they Dared to Dream Big.
Friday, March 26, 2021
VOLUNTARY REFERENCE OF DISPUTES TO ARBITRATION | Theory of Wages | Residual Claimant Theory | Marginal Productivity Theory | Indifference curve | Welfare service | Characteristics of An ideal wage payment system |
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| An ideal system of wage payment should possess the following characteristics: |
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| Welfare service |
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| indifference curve |
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| Theory of Wages |
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| Residual Claimant Theory | Marginal Productivity Theory |
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| Theory of Wages |
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| VOLUNTARY REFERENCE OF DISPUTES TO ARBITRATION |
Thursday, March 25, 2021
Managing Partner's word on Forensic Psychology & Anti Money Laundering.
Forensic Psychology is integrated and embedded with Anti Money Laundering. This can be mostly used by the Compliance Officers using Customer Interaction in Contact Center Environment.
1. Basic Profile of the Customer.
2. Is the caller first time towards phone banking to avail the service?
3. Has the agent raised alerts before?
4. What was the tone of the customer? Very fast, slow or jittery or abusive?
5. Was the customer requests covered Transactions?
6. Is the customer seems lost?
7. Is the customer seems exhilarated with first time money?
8. Does the customer gives irrational movement of money?
9. Was the customer abusive throughout conversation so that pertinent questions can be avoided?
10. Has the customer violated phone banking password and then clears security?
11. Is the voice of the customer matches with that of the profile?
****above list is indicative, there are more psychometric analysis of a call to reach a conclusion and then alerts can be opened. Customer is business of the bank, an astute professional needs intense call analysis through psychometric procedures to get a broader picture of his customer.'
Source: Nilav Nandi, MBA, M.A. (Psychology), CSM®, CCB®, CCE®
Services offered by NBAs Proffesionals.
NBA bags a contract for Forensic Investigation Compliance and Policy reviews of a mid sized NBFC for their West Bengal Operation.
We have the largest base of professional including lawyers and fraud experts who can conduct Fraud Due Diligence for their clients and Diagnostic tools to explore the potential violation of laws and ethics.
We are soon going to venture into Mortgage Fraud.
Our other areas include KCC or Agri Business Fraud, Life Insurance and Motor Vehicle Fraud Investigation, Plastic Money Fraud Claims and Anti Money Laundering Support of mid size private sector banks.
Wednesday, March 24, 2021
Criterion-related validity | Construct validity | Content validity
There are three major types of validation used to validate predictors.
They are
(1) criterion-related validity;
(2) construct validity; and
(3) content validity.
Criterion-related validity. A predictor has criterion-related validity if a statistically significant relationship can be demonstrated between the predictor and some measure of work behavior or performance. Examples of performance measures are production rates, error rates, tardiness, absences, length of service, and supervisor's ratings. Suppose a department store uses as a predictor for its sales personnel one year of sales experience. To validate this predictor, the employer would have to demonstrate that a statistically significant relationship exists between one year of sales experience and some measure or measures of work behavior or job products, perhaps number of sales and/or low percentage of errors in ringing up purchases.
Construct validity. Instead of directly testing or using other information to predict job success, some selection methods seek to measure the degree to which an applicant possesses psychological traits called constructs. Constructs include intelligence, leadership ability, verbal ability, mechanical ability, manual dexterity, etc. Constructs deemed necessary for successful performance of jobs are inferred from job behaviors and activities as summarized in job descriptions. They are the job specifications part of job descriptions. Construct validity requires demonstrating that a statistically significant relationship exists between a selection procedure or test and the job construct it seeks to measure. For example, does a reading comprehension test reliably measure how well people can read and understand what they read?
Content validity. A selection procedure has content validity if it representatively samples significant parts of a job, such as a filing test for a file clerk or a test of cash register operation for a grocery checker. Selection tests that approximate significant aspects of a job are called job sample tests. Job sample tests require applicants to perform certain aspects of a job's major activities, thus demonstrating competence at tasks which are an actual and important part of the job. Significant aspects of a job are determined through job analysis and set forth in job descriptions of jobs. Job sample tests should approximate aspects of the job as closely as possible, since this increases content validity.
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THE INDUSTRIAL EMPLOYMENT (STANDING ORDERS) ACT, 1946 | Section 3 | Submission of draft standing orders
Section 3
THE INDUSTRIAL EMPLOYMENT (STANDING ORDERS) ACT, 1946
Submission of draft standing orders
(1) Within six months from the date on which this Act becomes applicable to an industrial establishment, the employer shall submit to the Certifying Officer five copies of the draft standing orders proposed by him for adoption in his industrial establishment.
(2) Provision shall be made in such draft for every matter set out in the Schedule which may be applicable to the industrial establishment, and where model standing orders have been prescribed, shall be, so far as is practicable, in conformity with such model.
(3) The draft standing orders submitted under this section shall be accompanied by a statement giving prescribed particulars of the workmen employed in the industrial establishment including the name of the trade union, if any, to which they belong.
(4) Subject to such conditions as may be prescribed, a group of employers in similar industrial establishments may submit a joint draft of standing orders under this section.
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Section 22 in The Trade Unions Act, 1926
Section 22 in The Trade Unions Act, 1926
Proportion of office-bearers to be connected with the industry
(1) Not less than one-half of the total number of the office-bearers of every registered Trade Union in an unrecognised sector shall be persons actually engaged or employed in an industry with which the Trade Union is connected: Provided that the appropriate Government may, by special or general order, declare that the provisions of this section shall not apply to any Trade Union or class of Trade Unions specified in the order. Explanation.—For the purposes of this section, “unorganised sector” means any sector which the appropriate Government may, by notification in the Official Gazette, specify.
(2) Save as otherwise provided in sub-section (1), all office-bearers of a registered Trade Union, except not more than one-third of the total number of the office-bearers or five, whichever is less, shall be persons acutally engaged or employed in the establishment or industry with which the Trade Union is connected. Explanation.—For the purposes of this sub-section, an employee who has retired or has been retrenched shall not be construed as outsider for the purpose of holding an office in a Trade Union.
(3) No member of the Council of Ministers or a person holding an office of profit (not being an engagement or employment in an establishment or industry with which the Trade Union is connected), in the Union or a State, shall be a member of the executive or other office-bearer of a registered Trade Union.
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Article 39 in The Constitution Of India 1949
Article 39 in The Constitution Of India 1949
Certain principles of policy to be followed by the State: The State shall, in particular, direct its policy towards securing
(a) that the citizens, men and women equally, have the right to an adequate means to livelihood;
(b) that the ownership and control of the material resources of the community are so distributed as best to subserve the common good;
(c) that the operation of the economic system does not result in the concentration of wealth and means of production to the common detriment;
(d) that there is equal pay for equal work for both men and women;
(e) that the health and strength of workers, men and women, and the tender age of children are not abused and that citizens are not forced by economic necessity to enter avocations unsuited to their age or strength; (f) that children are given opportunities and facilities to develop in a healthy manner and in conditions of freedom and dignity and that childhood and youth are protected against exploitation and against moral and material abandonment
Role set | Dimensions of role efficacy | Role conflict
A role set is a situation where a single status has more than one role attached to it. According to Linton a person holds a status and performs a role. Roles do not exist by themselves in isolation from one another; each role has its complementary or associated role or roles.
The ten dimensions of role efficacy namely (Centrality, Self-role integration, Proactively, Creativity, Inter-role linkage, Helping relationship, Super ordination, Influence, Personal growth and Coordination) were analyzed through t-test.
Role conflict occurs when there are incompatible demands placed upon a person relating to their job or position. People experience role conflict when they find themselves pulled in various directions as they try to respond to the many statuses they hold. Role conflict can be something that can be for either a short period of time, or a long period of time, and it can also be connected to situational experiences.
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Tuesday, March 23, 2021
Sunday, March 21, 2021
Equal Remuneration Act, 1976 | Section 6 | Advisory Committee.
Equal Remuneration Act, 1976
Section 6
Advisory Committee.
Industrial Employment (Standing Orders) Act,1946 | Section10A | Payment of subsistence allowance |
Industrial Employment (Standing Orders) Act,1946
Section10A
Payment of subsistence allowance
Friday, March 19, 2021
Factories Act,1948 | Facilities Is To Be Provided By an Employer Employing Two Hundred Fifty Workers
Factories Act,1948 | Facilities Is To Be Provided By an Employer Employing Two Hundred Fifty Workers
Thursday, March 18, 2021
Section 12 (4), The Industrial Disputes Act, 1947.
Section 12 (4), The Industrial Disputes Act, 1947.
Wednesday, March 17, 2021
Social Media Audit
Social Media Audit
Social Media Audit is a
significant pillar of Social Media Management. Social Media Management helps to
manage digital presence on social media platforms whereas Social Media Audit is
a tool of investigation, which helps to detect loopholes in Social Media
Marketing strategies. This type of audit helps to track progress & detect
the issues which are responsible for negative results or even sometime downfall
of client engagement on company’s social media presence.
Social Media Audit is a set
of best practices to track & analyze the progress of company’s digital
presence & growth, by analyzing social media pages/profile of the company.
This type of audit helps to track whether the company’s website is optimized
well & performing according to the quality standards. Social Media Audit
can also help to improve client engagement rate on regular basis.
In a nutshell, Social Media Audit is conducted to;
- Analyses and track, social media marketing strategies
- In case strategy is not working, figure out the failure points, which are creating a negative impact on market results.
- Finally, to select the best optimized strategy & implement on social media platform.
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Tuesday, March 16, 2021
Quality Management.
Quality Management.
#qualitymanagement #qualityimprovement #qualitymanagementsystem #qualitymatters #qualityassurance #qualitycontrol #qualitylearning #qualitymanagementsystems #qualitymanager #qualitytraining #qualitysystem #qualitystandards #qualityleader #qualitytools #qualitycontrolsafety #qualitymanagers #qualityjobs #qualityinspection #qualityservices #qualitymetrics #qualityaudit #qualityengineering #qualityengineer #qualitycare #qualityoverquantity #qualityculture #qualityofcare #qualityanalyst #qualityhealthcare #qualityoflife #qualityfirst #qualityleads #qualityscore #qualityconstruction #qualityproducts #qualityservice #qualityofservice #qualitytime #qualityinspector #qualityeducation #qualitycheck #qualityliving #qualitycontent #qualityproduct #qualityassured #qualityequipment #qualityconnections #qualitysystems #qualitytesting #qualitymonitoring #qualityeducationforall #qualitywork #qualitylife #qualitybydesign #qualitydata #qualityfood #qualityworkmanship #qualitypeople #customerservicemanagement #customerservice #customerexperience #customerretention #customerloyalty #customerjourneymapping #customerjourney #customersatisfaction #customerfeedback #customercentricity #customerrelationshipmanagementcrm #customerengagement #customercentric #customers #customerbehaviour #customercare
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“Nexus & Business Associates”, Wishing you a happy Raksha Bandhan to all.
Raksha Bandhan Signifies The Bond Between Brothers And Sisters & Rakhi Represents The Love And Care For Your Closest Ones.
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