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HR Management | "Top Ten HR Practices"

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Top Ten HR Practices

- by Gireesh Kumar Sharma *

Page - 1

Here is a collaboration of Top Ten HR Practices that can help you achieve your organizational goals every year.

Summary of Practices

  • Safe, Healthy & Happy Workplace

  • Open Book Management Style

  • Performance Linked Bonuses

  • 360-Degree Performance Management Feedback System

  • Fair Evaluation System for Employees

  • Knowledge Sharing

  • Highlight Performers

  • Open House Discussions & Feedback Mechanisms

  • Reward Ceremonies

  • Delight Employees with the Unexpected

    1. Safe, Healthy & Happy Workplace

    Creating a safe, healthy and happy workplace will ensure that your employees feel at home and stay with your organization for a very long time. Capture their pulse through employee surveys.

    2. Open Book Management Style

    Sharing information about contracts, sales, new clients, management objectives, company policies, employee personal data, etc., ensures that the employees are as enthusiastic about the business as the management. Through this open book process, you can gradually create a culture of participative management and ignite the creative endeavor of your work force. It involves making people an interested party to your strategic decisions, thus, aligning them to your business objectives. Be as open as you can. It helps in building trust and motivates employees. Employee Self Service Portal, Manager On-Line, etc., are the tools available today to the management to practice this style.

    3. 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. Bonus must be designed in such a way that people understand that there is no payout unless the company hits a certain level of profitability. Additional criteria could be the team's success and the individual's performance. Never pay out bonus without measuring performance, unless it is a statuory obligation.

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    Gireesh Kumar Sharma is BA & MA (English) from Kakatiya University. He is currently working as HR Analyst in Saigun Technologies Pvt. Ltd., and also pursuing PGDBM from IIMM, Pune. His first book titled, "How to Win Office Politics", has been published by Mahaveer Publishers, New Delhi. The book highlights various aspects of the working atmosphere in office and provides tips to enhance growth in office.

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