Human In order to keep long term relation with

Human Resource
Management Assignment 1

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Section: – 4

 

 

“WHAT HR MANAGERS AND
DEPARTMENTS DO TODAY?”

Today we can see that all the company are focusing
on introducing the HR unit in order   the
decrease the turnover ratio. Below are the are practices done by the HR mangers
and departments of the different companies:-

 

 

1.     
PREDICTIE MODELING :-

Individuals
administration create prescient model and uses ‘ consider the possibility that’
investigation to constantly enhance their estimates of up and coming
individuals administration issues and openings.

 

It likewise utilizes
investigation to create more viable workforce arranging, which is fundamental
in a quickly developing and evolving firm

 

2.     
REWARDS AND
RECOGNITION:-

Nowadays company has
introduced a policy where mostly every end of the 2/3 months company declares
the employee of the month by giving the rewards like increase their incentives,
salary bonus etc. . Which will motivate employees to work more for the company.

 

3.     
 PERFORMANCE 
MANAGEMENT:-

   Most of the companies    keep the feedback system which keeps the
tracks about the needs of the companies, which policy need to change, which
policy needs to continue further etc.

 

4.     
Compensation and benefits: –   In order to maintain
a good communication with employees companies provide certain benefits to the workers,
employees such as: maternity live at 3 months at half salary, unlimited sick
leaves, etc.

 

5.     
JOB ROTATION:-

The company’s now
providing flexible- part time opportunity to workers where employees can work
for the part time with a good salary pay and also the employees can shifts
their job across the different departments of the organization.

 

6.     
 CASH BONUS
:-

  In order to keep long term relation with the workers
and to increase the profit of the company it’s necessary to makes employees
happy, so cash bonus plays an effective role to acknowledge the employees to be
committed with a company for a longer time.

7.     
PROJECT COMPLETION
LUNCH:-

MOST of the IT
companies, toady focuses on the project completion practice in which the team
members work hard to complete a particular project before deadlines while
taking lunch together discussing about the work which at the end will make team
fresh, enhance the rapport and reduces the clashes and conflict among each
other.

 

8.     
 HOLIDAY SPONSORSHIP:-

COMPANY, today provide
a holiday sponsors to the employees as the rewards by giving 2/3 days of
package of various places, this will also increase their motivation to perform
well and earn rewards.

 

9.     
TAX  SAVING PRACTICES :-

It is the most
popular incentives offered by company today which includes transport allowance,
food coupons reimburse the children education fees, telephones bills etc.

 

10.  LIMITED TERM EMPLOYEE CONTRACT:-

Most of the company,
hotel, and casinos today hire an employees for the 4 to 5 years for a
particular contract and after the completion of the contract they ask the workers,
employees to reapply for the contract.

 

11.  INTERVIEWING VIA VIDEO:

Today companies like
CISCO, TESCO, IRIS   and many more have
adopted this practice where they take  
interview of the employees 
through video which help them  in
cost cutting  also  it requires less time than the face to face interview.
This will also them to get best employees from different countries.

 

12.  EMPLYOEES REFRESHMENT PAY:-Companies today have understood that investment on employee’s
health is the integral to employees and also helps the company to earn the   maximum profit therefore companies provide
GYM membership, in-off ping pong the activity game room where employees in a
free time can refresh themself.

 

13.  JOB ENCHRIMENT:-

Company follows   such
kind of practices which involves the redesigning of employees work so that they
more challenging and also to avoid retarded growth.

 

14.   NAP TIME:-

In order to maintain
the health of the workers and the work ethics, its necessary to sleep for at
least 7 hours or having a nap in a day so nowadays company provide nap time at
work place which helps to increase employees concentration power and ultimately
increase the productivity.

 

15.  BUMPING :-

Knocking is a
training which is used by many organizations to hold ability pool amid scaling
back, wherein, a senior level representative, whose position has been chosen
for disposal, is offered the choice of tolerating an elective position of
lesser status inside the association.

 

16.  PROFIT SHARING :-

Whenever   company earns profit   they share this profit with their employees
in order to improve   employee’s
performance, by sharing the profit employees get motivated and boost up
themselves to work better and better for the organization.

 

17.  DOMESTIC HELP :-

Many
companies nowadays provide such practices to the employees working for their company.
Generally such practice provides sweepers, watchman, cook, to the employees for
their house so that they can work in the company without any tension.

18.  GAMIFICATION PRACTICE:-

   
Marriott Hotel uses this kind of technique to drive potential workers to
their site.          Regardless of
whether a virtual voyage through the workplace or playing a computer game
finishing a portion of the potential employment’s “undertakings,”
including such components into the enrolling tool compartment charms more
youthful ability to wind up plainly more inspired by the organization, and more
inclined to apply.

19.  RETIREMENT BENEFITS :-

It necessary that
company decide a proper date and the timings of the workers retirement with a
suitable retirement benefits for them. Benefit like pension scheme for the
workers where the will get certain amount of the salary after certain age.

 

20.  RETENTION  ALGORITHM:-

          Google built up a scientific
calculation to proactively and effectively foresee which workers are well on
the way to end up noticeably a maintenance issue.

This
approach enables administration to act before its past the point of no return
and it additionally enables maintenance answers for be customized