Hi Raghav,
I just read your mail and realized that half of points you have mentioned if implemented will only kill companies and attrition will increase. There will be no innovation and organizations can only retain people who will be of no use to them.
I dare if you can implement all the point in your organization itself.
Suggestion to stop hiring fresh graduates is highly ridiculous as it will not only deprived organization with fresh blood and enthusiastic workforce, it will also not help organization in becoming innovative. If you can mentor fresh graduates properly they can perform much better than senior managers.
Today if organizations are in problem they are responsible for themselves. You should sack non performer but you should also stop keeping 30% or 40% of your resources on bench without work.
There are so many organizations where almost every candidates get recruited through placement consultants, these cost can be reduced by developing internal recruitment team instead of depending on recruitment consultants.
Organizations can develop internal training team to develop and deliver Soft Skills and Technical Training instead of depending on external consultants all the time.
There are many ways to reduce the organizational cost for every organization instead of blaming market conditions. I would suggest HR department of various organizations seat with their business teams and identify the areas need to work on.
Best regards
Sujeet Kumar
Member- Team HR,
Systems Plus Solutions,
Mumbai
On Feb 5, 2008 3:06 AM, aa aa <lovefromchennai@yahoo.co. > wrote:in
Hi Raghav,
As a Director of a mid-level software Mnc, I am just
delighted to see your points to consider.Hopefully
even if half of them get to see the ray of light (get
implemented) , we people ( management of small &
upcoming IT Firms) can sleep better & have a more
peacefull life.
Adding to it may I suggest that Companies need to
come under a Bandwagon & agree not to take employees
who have worked below 2 years in their present
assingment or not worked in more than 3 companies in
their past 5 years of Service.
Kudos to thinking for us...
Ansar
--- Raghav <gvlr_99@grouply.com > wrote:
> Congratulations to the TCS management for taking an
> audacious step of
> holding back the Performance Pay. This is one step
> in the right
> direction. I am sure the HR team in different
> companies are coming
> up with innovative ideas of optimization.
>
> The result quarterly results of the IT companies
> reflect the true
> picture. There is a slow down in hring and the
> projects are
> difficult to come by.
>
> Can HR develop a business case and evaluate cost
> reduction steps and
> optimize the resources ? Some of the areas we can
> focus are given
> below :
>
> freeze wage hikes for next 3 years
> new hires to be given 8-10% increases
> Identify and sack non performers
> No taking fresh engineering grads (training cost =0
> )
> Replace high cost resources with low ones
> Make 6 day working a norm
> Increase the number of working hours
> Cut down on employee welfare - team outings / lunch
> costs
> Training Budgets - Only for technical skills
> Onsite Allowances - reduce / prune
>
> Please list out the areas where HR can contribute
> significantly to
> the business. It is now or never for the community.
> Where are no
> sources of reduction of other costs the one that can
> be moderated
> will be 'wages' or employee costs.
>
> Best Regards,
>
> Raghav
> HR Maverick
> 9880080321
>
>
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