Best HR practices--Adopt and implement the Best u Can!!

India Top 50 companies scores over Top US/Brazil/Europe Companies in following aspects

• Appreciation of Good Work
• Promotions for deserving employees
• India Top 50 companies lags over Top US/Brazil/Europe Companies in following aspects
  
• Unique & specified benefits
• Ability to take time off from work while required
• Welcome people when they Change work units
  
  -Best HR Practices - Lessons from Best Workplaces in India – Based on GPTW 2008-
  
  1) Building superior workplace is part of their corporate identity.
  2) Take care of employees customers keep coming back.
  3) Providing superior work-life value proposition.
  4) Work – Personal life Balance
  5) Take time-off whenever it is necessary
  6) Flexible Options
  7) Members not Employees.
  8) Employee Committee with genuine authority.
  9) Recreation/Social Services/Food.
  10) Database for employee suggestions in implementation.
  11) All relevant information available to all.(Sharing Information)
  12) Information sharing matrix.
  13) Surveys for potential/new employess.
  14) Annual Employee survey.
  15) Global infrastructure organization survey.
  16) Daily newsletter (start the day by reading this letter).
  17) Basic Moral of the day.
  18) Daily Birthdays.
  19) Special Guest recognition.
  20) HR eye opener of the day.
  21) Call privately & inform the issue (Integrity Hotline).
  22) Training or other discipline (Cross Training).
  23) Running own business - Employee survey.
  24) Ownership of Business- Job rotation.
  25) Training to learn multiple skills.
  26) Take care of employees. Employees take care of customers.
  27) Reach the top brass.
  28) Open culture/caring environment.
  29) Focus on high performance.
  30) Hiring the smartest people.
  31) Directing them in Right Direction.
  32) Create Cool, simple & yet highly efficient workforce.
  33) Cross functional job rotation.
  34) Good Problem solver.
  35) Interested in working with people.
  36) Openness & transparency.
  37) New recruits workstation – decorated with Balloons.
  38) Self defense techniques for women employees.
  39) Work from home.
  40) 2% profit given as performance incentives.
  41) Professional support.
  42) Skill updating.
  43) Social recognition & upward mobility.
  44) Small warm gestures.
  45) Same travel benefits across all positions.
  46) Annual Organization climate survey (Rating Boss).
  47) Buddy Programme.
  48) i4 Teams – Ingenious, Idea, Incubation & Implementation (Generate new ideas & implement them).
  49) Encouraging social services.
  50) Early Breaks, Good training, caring employer.
  51) Workshops to explore strengths, weakness, dreams & aspirations.
  52) Chairman Tea/President Tea - Managers Sharing Feedback.
  53) High performers- 200 % of Target Bonus.
  54) Paid leave for social services.
  55) Breakfast meeting with top management.
  56) Vacation donation program.
  57) Stock options.
  58) Confirmed employees from the first day of joining.
  59) Baby’s day out – New mothers work alongside with babies.
  60) Reduced work hours Half day/half work week for New Mothers.
  61) Mandatory training hours- Any field of interest.
  62) Internal Promotions – Non mgmt to top management position.
  63) Knowledge sharing sessions.
  64) Recognize employee achievements.
  65) Individual learning plans.
  66) CSR leave for 5 days for employees.
  67) 100 % Reimbursement of Tuition fees/examination fees for employee professional development.
  68) Idea works/encash program – awards for better ideas/suggestions.
  69) HR team available 24X 7 on emergency situations.
  70) 30- Week management program in NMIMS for young managers.
  71) 5 days compulsory annual leave.
  72) Value addition meetings between employee & management.
  73) Tell me box (CEO) Tell 3 things that work for them & 3 things that not work for them.
  74) Five day a week work policy.
  75) Fast Track programme for promoting middle managers.
  76) Leave work on time, flexibility to work part time as per requirement.
  77) Only 10 unutilized allowed to carry forward to next year.
  78) Encourage to spend time with family.
  79) Leadership programme for young managers. (Wharton & London business school)
  80) Health café, yoga classes. Stress management.
  81) Flat leave structure, restricted work structure & timings (System Shutdown after 7PM).
  82) Flexi working hours.
  83) Foreign trips for spouses.
  84) Employee referred as “Members”, Department referred as “Groups”.
  85) Share your concerns.
  86) Home away home. Reach out family in all day to day happenings.
  87) Foreign Language Allowance (100 % fees).
  88) New Joinees – Personally welcomed by MD.
  89) Paternity Leave, Birthday/Anniversary leave.
  90) Compassionate leave.
  91) Fun at work & freedom at work.
  92) Open Door & Transport Policy.
  93) Crèche for working mothers.
  94) Behavioural Training programme.
  95) Sense of security/Family taken care.
  96) No Attendance.
  97) Freedom to Experiment.
  98) 2 year sabbatical leave for higher studies.
  99) New Joinees welcomed with flower bouquet.
  100) Inform & Communicate in Transparent manner.( Trust & Transparency )
  101) Employees Calculate bonus on their own.
  102) Senior Executives – No Attendance/Unlimited leaves.
  103) Decide where, when & how their work to be done. Flexible to people’s needs.
  104) Creating new roles for prospective/potential candidates.
  105) Workshops for parents.
  106) HR Policies evolved keeping local people in mind.
  107) Working beyond revenues.
  108) Intellectual Stimulation/Variety weighs in decision for new projects.
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  
  

Budget2009-10

To start my first HR blog, what else can be more better tehn to have glimpse of Budget2009-10...
Not indulging anyone in biwig theories and attachments, here is some important highlights:

• Govt plans to bring back economy to high growth of 9% whereas GDP growth dipped to 6.7% in FY'09
• Fiscal deficit up from 2.7% to 6.8% of GDP
• Return to fiscal prudence at the earliest - 'Aam admi' is focus of all programmes and schemes
• Filing of IT returns to be made simpler
• The personal income tax exemption limit raised {Rs.15,000 from Rs.2.25 lakh to Rs.2.40 lakh for senior citizens, Rs.10,000 from Rs.1.80 lakh to Rs.1.90 lakh for women tax & Rs.10,000 from Rs.1.50 lakh to Rs.1.60 lakh for all other categories of individual taxpayers}
• The deduction under section 80-DD in respect of maintenance, including medical treatment, of a dependent who is a person with severe disability raised to Rs.1 lakh from the present limit of Rs.75K.
• 10% surcharge on personal income tax scrapped
• Fringe Benefit Tax abolished
• No change in corporate tax
• Customs, excise and service tax base rates unchanged
• Commodity Transaction Tax abolished
• New pension system trust exempted from STT & DDT
• Minimum Alternate Tax hiked to 15% from 10%
• Tax holiday on petro sector extended to natural gas
• Banks and insurance firms to remain in public sector
• Export Credit Guarantee scheme extended till March 2010 * 2% interest subvention (IS) scheme extended till March 2010
• Allocation for market development assistance scheme up 148% for Rural Health Mission raised by Rs 257 cr above interim budget
• Full interest subsidy for students in select institutions applying for aboard studies
• Modernization of national employment exchanges
• Action for social security to unorganized sector workers
• New pension benefits for 12 lakh jawans and JCOs from July'09
• One lakh dwelling units for paramilitary forces personnel
• Unique Identification Card to citizens in 12-18 months (Programme headed by Naden Ex; Infosys Co-Chairman}
• Defence gets Rs 1,41,703 cr, up 34%
• Assistance for storm-water drainage project up by Rs 300 cr
• Interest rates incentive to farmers to repay loans on time
• IS scheme to cover 7 job-oriented sectors, including textile, handicrafts and handlooms.
• 100% tax deduction on political donation * Stimulus for print media for another six months * Fertiliser subsidy to be nutrient-based, not price
• Expert Group to form viable pricing for imported petro goods
• Rs 100 cr one-time grant to expand banks in unbanked areas
• Govt committed to provide Rs 100 a day as wages under NREGA
• Work National Food Security scheme has begun
• Allocation for Bharat Nirman being raised by 45 per cent
• Rs 2,000 cr rural housing fund under National Housing Bank
• Mission for female literacy with focus on minorities, SC/ST * 50% of all rural women to be brought into SHG programmes
• Total Budget expenditure crosses Rs 10 lakh cr for first time