'Innovative Hr Practices by Organisation Across Different Sectors\r'

'Innovative HR Practices by Organisation across divergent Sectors Introduction Companies are taking up state-related initiatives as there is a wish to manage human resources advantageously, so as not to lose the hawkish march on in talent that they have built. In managing their human resources, companies have snip and once again focused on values, invested in personnel, accent on meritocracy and consequently attaining excellence in HR processes. Innovative Practices of Recruitment and natural selection * Second career Internship Program:\r\nTata SCIP was launched in March 2008 on International Women’s Day . It is a career rebirth precaution programme for women professionals who have taken a break of 1-8 years for either reason, and wish to re-enter the professional space. * safe property on to the employees Quatrro BPO Solutions has nurtured a concept of keeping in touch with high performers who ease up the concern and hone in them, whenever they deficiency to come back. * fashioning use of pre hiring execute: Genpact, the BPO pioneer, uses a pre-hiring process to aid in arresting attrition.\r\nThe organisation brings people forward they join, and have them look at the workplace. If the people choose to join, that reduces potential attrition. * Checking the Profile on Social Networking Sites: Organisations are pursing the candidate’s profile on sites such as Face book and LinkedIn. Once a candidate applies, his kindly behavior is traced. The persons social Skills decide if he fits the job. This practice has in addition started in India. Innovative practices of Reward and cognition\r\nIn today’s competitive world, rewards and recognition plays an important role in incite and retaining employees. Rewards and recognition is an important let on in every HR invent these days. Rewarding the high performing and motivating others to become such is becoming compulsory in IT & BPO industry. 1. natural endowment investm ent trust Vouchers like Shoppers stop, life style etcetera 2. Giving cash prizes. 3. Giving articles (wide vagabond of durables as per the level of performance). 4. Organizing pass trips. 5. Article Gifting Innovative Practices of Motivation Giving Freebies Every weekend, people working at Coco-Cola India’s Gurgan Head quarters reliable for liters of company beverages free in a program called weekend funda * Providing Dependent insurance The biggest employee benefit, HSBC provided to its employees was 100% hospitalization benefit for employees spouse and children. * Offering Stock Options iGate is among a a couple of(prenominal) firms, that has continued to offer stock options to its employees. on that point are longterm investment measures for weeding, families, even retirement. Making use of medication Raymond Limited Hosted Music events to its employees. Dream Circle is a convocation of people with different skill baffle who play percussion instrument in freesty le but produce a correspond rhythm in the end. * Treating as knob: At Marriot Hotels India, The employee usually join the hotel in the batches. The hotel grates six off days every month, something uncommon for the hotel industry and there is also excellent system of compensatory off, * Launching Employee care Program\r\nHSBC initiated the Employee Assistant Program(EAP) to assist in coping with trauma and stress identify 26/11. Innovative Practices of cost rude(a) * Offering Sabbatiacal Package * Offering VRS * dictatorial Leaves Innovative Practices of Traning * Providing Classroom Curriculam * Empowering Young Executives * back up a culture of Innovation * notice Film Conclusion To conclude, it can be said that those companies that have invested considerable time and resource in building a solid human capital management foundation are better positioned to support the strom.\r\n'