Hi friends,
I'm working on a project about "Strategic HR Practices followed by Companies in Recession with special reference to the IT industry." Could you please help me to understand the different strategic approaches taken by various companies and their validity?
Thank you.
From India, Madras
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I'm working on a project about "Strategic HR Practices followed by Companies in Recession with special reference to the IT industry." Could you please help me to understand the different strategic approaches taken by various companies and their validity?
Thank you.
From India, Madras
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HR Practices Followed by IT Companies Regarding 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 a recession are:
1. The employees' increments have been postponed.
2. The salaries (as per the appointment letter) of the employees have been reduced (Wipro).
3. Job responsibilities have been increased so that everyone stays late and works hard.
4. Some good companies (especially 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 the Internet, telephone, and any other items, including cars, has been totally stopped.
6. Reimbursement is given after thorough verification.
7. Some leaves (even national holidays) have been made into working days.
8. You, as an employee in any IT company, will find it difficult to get leave approvals.
I think this recession will not be over very soon. So we have to get habituated with this situation and work hard, innovate, cut costs (but not on key employees), and also enjoy the other aspects 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
ugabhijit@gmail.com
From India, Calcutta
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Hi, I am Abhijit Ghosh, a Business Development Manager with an IT company. My observations related to HR practices followed by IT companies during a recession are:
1. The employees' increments have been postponed.
2. The salaries (as per the appointment letter) of the employees have been reduced (Wipro).
3. Job responsibilities have been increased so that everyone stays late and works hard.
4. Some good companies (especially 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 the Internet, telephone, and any other items, including cars, has been totally stopped.
6. Reimbursement is given after thorough verification.
7. Some leaves (even national holidays) have been made into working days.
8. You, as an employee in any IT company, will find it difficult to get leave approvals.
I think this recession will not be over very soon. So we have to get habituated with this situation and work hard, innovate, cut costs (but not on key employees), and also enjoy the other aspects 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
ugabhijit@gmail.com
From India, Calcutta
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Innovative HR Practices-.doc