20
By: Abhay Yadav Email: [email protected] www.micoserve.com

HR Practices in India

Embed Size (px)

DESCRIPTION

 

Citation preview

Page 1: HR Practices in India

By:Abhay Yadav

Email: [email protected]

www.micoserve.com

Page 2: HR Practices in India

भा�रत गणर�ज्यBhārata GaṇarājyaRepublic of India

Flag Emblem

                                     

www.micoserve.com

Page 3: HR Practices in India

The Republic of India (Sanskrit: Bhārata Gaṇarājya), also known as India or Bharat, is a country in South Asia.

It is the seventh-largest country by geographical area, the second most populous country, and the most populous liberal democracy in the world.

India has a coastline of over seven thousand kilometres, bounded by the Indian Ocean on the south, the Arabian Sea on the west, and the Bay of Bengal on the east. India borders Pakistan to the west; China, Nepal and Bhutan to the north-east; and Bangladesh and Myanmar to the east.

In the Indian Ocean, India is in the vicinity of Sri Lanka, Maldives and Indonesia.

www.micoserve.com

Page 4: HR Practices in India

Mahatma Gandhi (right) with India's first Prime Minister, Jawaharlal Nehru

www.micoserve.com

Page 5: HR Practices in India

National symbols of India Flag Tiranga Emblem Sarnath Lion Anthem Jana Gana Mana Song Vandē Mātaram Animal Royal Bengal Tiger Bird IndianPeacock Flower Lotus Tree Banyan Fruit Mango Sport Field Hockey

www.micoserve.com

Page 6: HR Practices in India

HR Practices

www.micoserve.com

Page 7: HR Practices in India

 Recruitment & Selection

Training & Development 

Compensation Benefits

Performance appraisal

Employee Relations and Communications

www.micoserve.com

Page 8: HR Practices in India

India is nowhere behind the international practices in HR. It

is not much different either. Small amount of brushing up

and adjustment is always needed even when you move

from one job to another in India also.

www.micoserve.com

Page 9: HR Practices in India

In order to operate effectively in the Indian business

environment, companies and their HR professionals need to

fully understand the specific nature of the business

landscape.

Managing India's HR Environment is full of practical

information on crucial HR issues, challenges and trends

relating to a range of topics including compensation,

benefits, tax and expatriate issues.

www.micoserve.com

Page 10: HR Practices in India

HR in India would rank as the most dynamic and turbulent in the whole world today. So many new jobs, so many to hire, so many to train, so many to retain and so many to keep happy

HR and organisation building issues are centre of the plate in any Indian CEO's agenda today

www.micoserve.com

Page 11: HR Practices in India

CEOs are willing to spend as much as it takes to manage their people and people processes well.

What is on the minds of our CEOs is the competence gap. They are most worried about the acute shortage of HR talent and HR competence.

At a time when good HR support is needed the most, it is just not available in the measure they would like.

www.micoserve.com

Page 12: HR Practices in India

CEOs in India report HR challenges as - HR executives:

Creating a high-performance culture. Retaining talent. Recruiting. Moving from patriarchic, hierarchical management to a

more team-based, informal organizational culture. Linking training with performance. Compensating knowledge workers. Building interpersonal relationships/managing conflict. Going global.

www.micoserve.com

Page 13: HR Practices in India

Most of the nation’s job and economic growth has been generated by family-owned Indian enterprises and multinationals in industries such as information technology (IT), telecommunications, business process outsourcing (BPO) and pharmaceuticals.

Despite the fact that India has a population of more than 1 billion people, and a workforce of 422 million, its literacy rate is a low 59.5 percent (compared with 99 percent in the United States). Further, only about 48 million people—less than 12 percent of the entire workforce—are college graduates. And those who do hold college degrees often don’t possess the skills needed by the nation’s surging industries.

www.micoserve.com

Page 14: HR Practices in India

The HR Agenda With the national economy growing rapidly and with growth

in such industries as IT and business process outsourcing more than doubling, HR challenges are coming fast and furious.

Faced with growth at record levels in some industries and skyrocketing attrition, HR professionals say they’re spending upward of 80 percent of their time on recruitment.

www.micoserve.com

Page 15: HR Practices in India

Most important, finding workers with the right skills is a problem. Even hot industries that can attract college graduates from the top-tier business schools are being forced by market conditions to inflate salaries and lower job expectations.

Employers in India are forced to quickly boost pay for in-demand employees—or risk losing them

www.micoserve.com

Page 16: HR Practices in India

Another factor driving up salaries is the fact that skilled Indian workers know there is always another job opportunity and tend to give long notices—four to six weeks—to survey prospects and receive counteroffers from current employers.

Retention, no matter the industry, is a nightmare—especially among younger workers. Some new hires never even make it to the first day of the job, having found a better offer elsewhere in the short time between the offer and the start date.

www.micoserve.com

Page 17: HR Practices in India

Another key problem is finding workers with the right mind-set - that changing the workplace culture is their most pressing HR concern.

Middle-class Indian workers today, especially the younger ones, have more disposable income and are increasingly interested in gaining material possession right away.

www.micoserve.com

Page 18: HR Practices in India

Every company’s tactics are geared toward quickly hiring good candidates, rapidly boosting their skills and offering an environment that appeals to them on a more personal level by:

Rapidly handling screening and selection. Offering up-front training . Emphasizing horizontal and vertical opportunities . Offering continuing education . Stressing family ties.

www.micoserve.com

Page 19: HR Practices in India

There are many reasons why companies like Infosys might be feeling a talent shortage in HR.

1. The large IT companies have a huge HR group, numbering almost 200-300. Good HR folks want to move to smaller groups to increase there chance of being visible.

2. The talent pool for good HR professionals is quite limited in India, to institutes that are only a handful in number.

www.micoserve.com

Page 20: HR Practices in India

The Indian economy is booming! India is becoming more and more popular as a low-cost place to manufacture goods and outsource services.  But without a full grasp of the local HR framework, cost savings can be elusive

www.micoserve.com