International Human Resource ManagementFull description
GenPack GenPac k Case Study
Presented by – Andrew Hicken Ankita Singh Jeeta Khanna Satyajeet Kumar 1
Possible Causes of Turnover •
Lack of Job Satisfaction
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No Recognition
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Lack of Family Time / Shortage of Rest
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No scope or future prospects
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Right People at Wrong Time 2
4 Steps to Reduce Turnover •
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Examine whether compensation matches with the market or not?
system
Employees Happiness & Engagement Rewards & Recognition – Say thanks to your good employees Never underestimate the impact and value of the career development aspects of the Performance Development Planning 3
Compensation System •
Offer an attractive & comprehensive benefits package –
Life insurance,
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health benefits,
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PF etc.
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Employees Engagement •
People want to enjoy their work.
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Make work fun.
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Enable employees to balance work and life.
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Allow flexible starting times, core business hours and flexible ending times. (Yes, his son's soccer game is as important as work.) Fulfill your employees’ basic needs.
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Rewards & Recognition •
Say thanks to your good employees. –
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Recognize excellent performance
Involve employees in decision making. –
Involve them in the discussion about company vision, mission, values, and goals.
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Continued….. •
Provide the opportunity for career and personal growth
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Training and Education
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Challenging assignments
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More responsibility
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Forming Problem Solving Team •
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Identify the affected areas Recruit random employees as grievance officers Depute from ground staff (operations) for the job
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Work of the Problem Solving Team •
Identification of the root problems – – –
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Census survey One to One Interaction Group Conversation
Check whether the current system is up to date with other organizations Check what are the reasons that can be eradicated Take necessary actions Continuous monitoring of the effects 9