HI FRIENDS,
I'm doing a project on "Strategic HR Practices followed by Companies in Recession with special reference to IT industry" will u pls help me out to know the different Strategic approaches headed by various companies and their validity.
From India, Madras
I'm doing a project on "Strategic HR Practices followed by Companies in Recession with special reference to IT industry" will u pls help me out to know the different Strategic approaches headed by various companies and their validity.
From India, Madras
HR PRACTICES FOLLOWED BY IT COMPANIES w.r.t RECESSION:
Hi I am Abhijit Ghosh, a Business Development Manager with an IT company. My observations related to HR practices, followed by IT companies during recession are:
1. The employee's increment has been postponed
2. The salary (as per the appointment letter) of the employees has been reduced (Wipro)
3. Job responsibility has been increased so that everyone stays late and works hard
4. Some, good companies (specially Small and medium scale IT companies, not large ones) are still hiring (because it is a good time to shop - as the cost of the employee is less, you know)
5. Personal use of Internet, telephone and any other items including car has been totally stopped.
6. Reimbursement is given after havoc verification
7. Some of the leaves (even national leaves) have been made as working days
8. You, as an employee in any IT company, will find it difficult to get a leave approval
I think this recession will not be over very soon. So we have to get habituated with this situation and work hard, innovate, cut cost (but not on key employees) and also enjoy the other part of the professional world.
***YOUR COMPETITORS ARE ALWAYS READY TO SHOP FOR YOUR KEY PERFORMERS. TAKE CARE OF THEM DURING RECESSION.....!!
Ref: Infosys, Wipro, TCS, HCL, HP, Microsoft, Sun (corporate)...... and eDominer, MORPHOUS, NetEdge, UG Soft (SMBs)
Regards,
Abhijit Ghosh
+91 9830764003
From India, Calcutta
Hi I am Abhijit Ghosh, a Business Development Manager with an IT company. My observations related to HR practices, followed by IT companies during recession are:
1. The employee's increment has been postponed
2. The salary (as per the appointment letter) of the employees has been reduced (Wipro)
3. Job responsibility has been increased so that everyone stays late and works hard
4. Some, good companies (specially Small and medium scale IT companies, not large ones) are still hiring (because it is a good time to shop - as the cost of the employee is less, you know)
5. Personal use of Internet, telephone and any other items including car has been totally stopped.
6. Reimbursement is given after havoc verification
7. Some of the leaves (even national leaves) have been made as working days
8. You, as an employee in any IT company, will find it difficult to get a leave approval
I think this recession will not be over very soon. So we have to get habituated with this situation and work hard, innovate, cut cost (but not on key employees) and also enjoy the other part of the professional world.
***YOUR COMPETITORS ARE ALWAYS READY TO SHOP FOR YOUR KEY PERFORMERS. TAKE CARE OF THEM DURING RECESSION.....!!
Ref: Infosys, Wipro, TCS, HCL, HP, Microsoft, Sun (corporate)...... and eDominer, MORPHOUS, NetEdge, UG Soft (SMBs)
Regards,
Abhijit Ghosh
+91 9830764003
From India, Calcutta
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Innovative HR Practices-.doc