Cite.Co is a repository of information and resources created by industry seniors and experts sharing their real world insights. Join Network
:lol: Dear all, should be appraise the salary of all the emp and how much min. ?
hi , during resesion salary could not be apprised, infact it is other way out,rather then using the tactis of downsizing for cost cutting u could retain ur present work force at mutually agreed less salary
I want to do PHd in HRM amd my area of interest is training and development. can u please suggest me any related topic as a reference or idea.
what about in telecom sector in india,many new service providers are coming into business..any idea ,pls suggest some good tips to retain employees
In my opinion, one can go for appraisal even in recession but you must make it highly target oriented. This would further increase your productivity and will keep employees motivated. :) DG
I agree, but during these times there can hardly be any targets, since m,ost of the Companies are cutting down their forthcoming projects, and their existing ones are not showing any profits. Hence I feel giving Employees hard targets can be difficult for us
Dear Friend,
The best way to retain the employees is to trust them. They are like ambassadors of the company and happy employees portray a company in positive light. HR people must know what the competitors are offering and what are the problems their so that the same can be conveyed to the employees.
One way to retain employee is say retention bonus, for example if an individual stays with the company for say two years, s/he would be entitled to say Rs. 10000 cash, greater the duration, greater the amount. This amount would also vary depending on designations. Higher designation means higher retention bonus. This is being used in BPOs and KPOs.
The best way to retain the employees is to trust them. They are like ambassadors of the company and happy employees portray a company in positive light. HR people must know what the competitors are offering and what are the problems their so that the same can be conveyed to the employees.
One way to retain employee is say retention bonus, for example if an individual stays with the company for say two years, s/he would be entitled to say Rs. 10000 cash, greater the duration, greater the amount. This amount would also vary depending on designations. Higher designation means higher retention bonus. This is being used in BPOs and KPOs.
Hi! Friend,
As we all know that recession is global phenomenon & the same 'll not persist for long , therefore down sizing the strength of employees will instead of temporirly solution will difinitely have impact on employee performance. Rather employee must be strongly motivated 2 overcome this problem in developing a crisis task team.
Tks
maheshpandey
As we all know that recession is global phenomenon & the same 'll not persist for long , therefore down sizing the strength of employees will instead of temporirly solution will difinitely have impact on employee performance. Rather employee must be strongly motivated 2 overcome this problem in developing a crisis task team.
Tks
maheshpandey
Dear Ram,
If your company is financially stable then their is no problem of having an Appraisal,or else i suggest if your companies financial position is not so bad during the time of recession give your employees a minimum hike so that atleast their stay motivated.
Regards,
Elvira
If your company is financially stable then their is no problem of having an Appraisal,or else i suggest if your companies financial position is not so bad during the time of recession give your employees a minimum hike so that atleast their stay motivated.
Regards,
Elvira
This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.
Add the url of this thread if you want to cite this discussion.
#Listed In: less salary City-India-Delhi monetary benefits job security employee performance training and development cost cutting phd in hrm salary hike career growth it companies retention bonus happy employees Country-India
5 Min Countdown.pps
Appraisal format-Manager. doc
