Career Planning and Development in Hdfc Bank - PowerPoint

Document Sample
Career Planning and Development in Hdfc Bank - PowerPoint Powered By Docstoc
					Brief History of HR as a function in India
• Personnel management or administration in the
  corporate world till the early seventies.
• HRD (sometimes as HRD &OD) as a function
  was formally created in three large
  organisations during the period 1974-1997
  – L&T, BHEL, SBI
• Followed by many others during 1977-80
• Distinction between HRD(M) and Personnel
  Administration was made explicit
                     Personnel Management & HRM
                            a comparative

 PERSONNEL MANAGEMENT                  HUMAN RESOURCES MANAGEMENT

• Focus is the individual as a         • Focus is the individual as a person
  contracted employee                  • Dynamic view of an individual
• Static view of an individual         • Main tasks revolve around
• Main tasks revolve around rules        development of the individual
  and procedures.                      • Mutuality in relationship
• Ensuring compliance at all levels,       – Individual—group--organisation
  being contractually right
                                       • Engagement is the nature of
• Exchange is the nature of              relationship
  relationship
          MAIN ELEMENTS OF HRM
• Role clarity
• Performance management
   – Performance appraisal
   – Pay for performance
   – Performance Counselling
• Individual development
   – Capacity building
   – Work-life balance
• Organisation-individual congruence
   – Job fit
   – Job counselling
        CORPORATE EXAMPLES
INTERNATIONAL
• 3M (USA)
  – Innovation is the purpose of the company
  – Every action on the people front is related to
    innovation
     • Recruitment
     • Performance management
     • disengagement
          CORPORATE EXAMPLES
• INDIAN
  – HUL
     • A systematic practice of Induction, career planning, and
       career progression
  – NTPC
     • Ability to retain without high compensation, high role
       efficacy, clearly stated HR policies
  – CMC
• Companies/Groups to watch
  – Aditya Birla group
     • Modernising the entire senior management
                      EMERGING TRENDS
• PERFORMANCE MANAGEMENT
    – 360 DEGREE APPRAISAL
        • Stakeholder approach
• Pay for Performance (Fixed and variable pay)
    – Mixed experience
    – Works when conditions are satisfied
        • Measurable and Objective, organisation-wide, expectations are clear
    – Problems
        •   dysfunctional competition amongst members
        •   Fudging performance
        •   Teams destroyed
        •   Pushes one outcome to the detriment of others
• Re-recruiting
    – Expected to enrich the organisation through inputs from outside
• Work-life balance actively encouraged
    – Flexi-time
• Strategic role of HR
    – HR is now a board level function in many corporates in India
        • AB group, RPG, ICICI bank, HDFC,
                    Assumptions and Risks

Assumptions                                Risks
• Performance Management                   • Can degenerate into box
  systems                                     ticking
    – Performance Appraisal
        • Adult to Adult to transactions   • Annual ritual
    – Pay for performance
        • Fairness and clarity
                                           • An “objective” way to
    – Performance Counselling                 legitimise subjectivity
        • Concern for the junior
Patience, time, and energy
• Internal consistency in the
   organisation
• Skills and orientation of the
   appraiser ( senior)
        WHAT IS THE EXPERIENCE
• HRM has delivered expected results:
  – Internal consistency
  – Credibility
  – Trust in the system(Promise vs Performance)
  – Fairness
     • Particularly in professionals intensive firms
• Policies, procedures and practices informed
  and influenced such a change in world view
  helps HRM deliver results.
      Public Vs Private sector




Source: McKinsey & Co
Thank You

				
DOCUMENT INFO
Description: Career Planning and Development in Hdfc Bank document sample