PRESENTATION ON INNOVATIONS IN HR Presented by : Abha Sharma and Tulsi Mudgala Second Year,PGDBM AMBEDKAR INSTITUTE OF MANAGEMENT STUDIES VISAKHAPATNAM PRESENTATION’S LEARNING OBJECTIVE • To identify the importance of HR and it’s changing role. • To analyze factors to be considered to be considered for designing HR practices. • To examine and appreciate the innovative HR practices. INTRODUCTION Change is the buzzword today and this has forced for the evolution of innovations in every aspect of life. • IMPORTANCE OF HR Employees satisfaction Customer satisfaction Organizational Success CHANGING ROLE OF HR Old role New role Personal decisions Strategic partner Record keeping and file Line manager management Maintaining employee data Hire, retain, train and terminate Hire, retain, train and Employee personal data terminate update Command and control Training and development FACTORS CONSTITUTING BEST PRACTICES • Communication • Continuous improvement • Culture consciousness • Customer focus and partnering. • Interdependence • Risk taking • Strategy and commitment • Value focus INNOVATIVE HR PRACTICES in organizations E-RECRUITING EMPLOYEE REFERAL SCHEME CR : HSBC , HDFC Bank and IBM. LEASING AND CONTRACTING OUT EMPOWERING EMPLOYEES-OWNERSHIP OPTION CHANGING WORK PARADIGMS CR : Sasken Technologies SELF MANAGED TEAMS JOB SHARING SHIFT FROM PERFORMANCE APPRAISAL TO MANAGEMENT -COMPETENCY MAPPING -360 DEGREE FEEDBACK -ASSESSMENT CENTRES VIRTUAL ORGANIZATIONS & TELECOMMUTING CR : MOTOROLA KNOWLEDGE MANAGEMENT CR : Siemens’ Information Communication Network (ICN),Infosys and Mckinsey & Co. ACCOLADES CR :1. Gillette India’s R3-Recognize, Reward and Rejoice 2. Gillette’s Hall of fame 3. HSBC’s Thanks award and Bright ideas. FLEXITIME (Compressed workweek) CR : HSBC, SAPIENT and COVANSYS CHANGING PAY SYSTEM CR : HCL Comnet’s “Trust Pay System” BENCHMARKING ETHICAL TRANSFORMATION IN ORGANIZATIONS (Open door policy, glass ceiling) CR : Infosys & Wipro SABBATICAL & HIBERNATION CR : Sasken Technologies and Sapient. RADIO COMNET CR : HCL Comnet OUTSOURCING OTHER PRACTICES • EDUCATION CR: Genpact, NTPC and HCL Comnet. • CULTURAL PROGRAMMES AND CELEBRATIONS CR : Infosys, HCL Comnet and Genpact •CAFETARIAS CR: All the BPOs like HCL, HSBC, Genpact etc. • MEDICAL FACILITIES CR : NTPC SUGGESTIONS Organizations must shift the focus from employee satisfaction to employee delight. Innovations must be appraised and manage, thus giving rise to Innovation Management. CONCLUSION Employee competency development in the global era is a challenge that needs practice of innovative HR interventions-a panacea for survival, growth and organizational effectiveness. Competition on the other hand has compelled the organizations to adopt the innovative HR practices or be ready to founder. Competitive Advantage for organizations can only be gained by consistent effort to innovate and create new ways to achieve their objectives.
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