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Topic : Best Practices by HR
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Industry : IT Services Functional Area : Performance Management
Activity:  5 comments  2403 views  last activity : 07 06 2010 20:18:04 +0000
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Best HR practices:

Safe, Healthy and Happy Workplace

Creating a safe, healthy and happy workplace will ensure that your employees feel homely and stay with your organization for a very long time

Open Book Management Style

Through this open book process you can gradually create a culture of participative management and ignite the creative endeavor of your work force.

Performance linked Bonuses

Paying out bonuses or having any kind of variable compensation plan can be both an incentive and a disillusionment, based on how it is administered and communicated

360 Degree Performance Management Feedback System

This system, which solicits feedback from seniors (including the boss), peers and subordinates has been increasingly embraced as the best of all available methods for collecting performance feedback.

Fair Evaluation System for Employees

Evaluation becomes fairer if it is based on the records of periodic counseling & achievements of the employee, tracked over the year

Knowledge Sharing

Store knowledge in databases to provide greater access to information posted either by the company or the employees on the knowledge portals of the company.

Highlight performers

Create profiles of top performers and make these visible though company intranet, display boards etc

Open house discussions and feedback mechanism

Open house discussions,employee-management meets, suggestion boxes and ideas capture tools such as Critical Incidents diaries are the building blocks that can help the Managers to identify & develop talent.

Reward Ceremonies

Merely recognizing talent does not work, you need to couple it with ceremonies where recognition is broadcast.

Delight Employees with the Unexpected

The last but not least way is to occasionally delight your employees with unexpected things that may come in the form of a reward, a gift or a well-done certificate

 Top Comment : Lakshmi Priyanka   | 07 26 2008 10:31:53 +0000
The Best knowledge to share by all. The above process we will help organizations to control the attrition rate. Regards Lakshmi Priyanka
 
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5 comments on "Best HR practices"
  Commented by  Dipayan Sarkar, Student , Siva Sivani Institute of Management    | 04 04 2009 17:58:47 +0000
nice insight.. thought provoking...
  Commented by  varsha ., technical manager(QMS), frac    | 04 03 2009 16:08:36 +0000
very nice insight.. should i relate it with HRM or HRD
THANKS
  Commented by  Gargi Sinha, Senior Consultant, Hewitt Associates    | 03 30 2009 05:29:33 +0000
I agree with lakshmi that above mentioned practices will definitely help an organisation to maintain good relations with the employees and also control the attrition rate which most of the organisations facing today.
  Commented by  Samir Nigam, Sr. Software Engineer , SRM TECHSOL Pvt. Ltd.    | 07 30 2008 21:08:29 +0000
Thanks. Good One.
  Commented by  Lakshmi Priyanka, Business HR , RPTLAP India Inc    | 07 26 2008 10:31:53 +0000
Rating : +1 
The Best knowledge to share by all. The above process we will help organizations to control the attrition rate.

Regards
Lakshmi Priyanka
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