( Example: Tendency to use cheaper workforce, e. g. garments)
High performance work system
What is Outsourcing?
Outsourcing is a strategic decision to give a task or activity to an independent contractor who determines how best to do the task or activity.
The firm and the independent contractor become partners and may establish a long-term relationship.
Examples of outsourced activities: IT, HR, Legal services, Manufacturing, R & D.
Note: Outsourcing to India is now more about high quality rather than cost. (Forbes)
Better quality people and knowledge.
Reduction in administrative costs.
Outsourcing certain activities and employees that do not fit with company culture may be used to preserve a strong culture or employee morale.
Outsourcing may lead to loss of control of certain activities which may be a problem on time sensitive projects.
Outsourcing an activity may result in loss of the opportunity to gain knowledge and information.
Why Has Outsourcing Become So Popular
1. Globalization and labor arbitrage:
The wage differential is now so great that firms may be willing to accept the risks associated with vendor opportunism
Within developing economies, investment in human capital and in production capacity has expanded dramatically
The wage differential between developed and developing economies is substantial
3. Core competency.
MODERN DAYS OF HRM Employee satisfaction, motivation and recognition. Quality Reward systems Communication High cost-effectiveness Flexibility/adaptability Appraisal, training and development High problem solving, change and innovation Commitment Recruitment, selection and socialization High job performance Strategic integration Organisation and job design. Management of change Organizational outcomes Human resource management outcomes Human resource management policies
Awards for HR Practices:
Asia Pacific HR Conclave Award for the company with “Most Innovative HR practices”.
National award for “Best HRD Practices” from Indian Society for Training and Development.
“ National Award for Outstanding Work in Human Resource Management” from National HRD Network.
“ Award for Outstanding Human Resources Development” from Confederation of Engineering Industry.
“ I ntegration of Information Technology with HR” in ECC Division has been recognized by the National HRD Network.
Story Behind the Success
HR Policy The basic principles of ECC's Human Resources policies include
Recruitment based solely on merit by following well-defined and systematic selection procedures without discrimination.
Sustain motivated and quality work force through appropriate and fair performance evaluation, reward and recognition systems.
Identify training needs within the Organisation and design and implement those need based training programmes resulting in continuous upgradation of knowledge, skills and attitudes of the employees.
Maintain a quality Human Resource Management System to meet the international standards as per ISO 9001. Plan, design, train, equip and motivate the department staff to meet this standard of expectation. Work culture emphasizes: · Freedom to experiment · Continuous learning and training · Transparency · Quality in all aspects of work · Rewards based on performance and potential “ If you feel like a seagull in the sky, If you feel you belong to the top and want to higher, you are ready for the ECC Challenge - India's largest construction organization. Join our team and realize your dreams with us.”
Latest Techniques In The Field of Human Resource:
Employees for Lease
Moonlighting by Employees
Dual Career Groups
Flexi-time & Flexi-work
Management Participation in Employees' Organizations
Future Of HRM
Retention : One survey estimated that it can cost as much as 1.5 times the employees annual salary to recruit and train a replacement.
Project based work: Hire people on project based work gives optimal utilization.
Work from home: Offers employees to work within a flexible environment.
HR PLANNING! By GROUP-4 Debojit Roy – H66 Neeraj Sharma – H30 Sritanu Das Mahapatra – H57 Abhisek Sahu – H3 Krishnakant Pandey – H25 Biswajit Ghosh – H12