HRM: NetSol Casestudy Submitted to: Prof. Quratulain Muqarab Submitted by: Tahir Usman Usman Naseem Amir Saleem Muazzam Ali Section: G L1s12mbam2043 L1s12mbam2020 L1s12mbam2027 L1s12mbam0040 Case Study with Solution 1 Case Study with Solution Founded in 1995, NetSol Technologies (NASDAQ: NTWK and DIFX: NTWK) is a global provider of software solutions and IT services, ranging from consulting and application development to systems integration and outsourcing. Since its inception in 1995 NetSol has evolved as a leading global IT solutions and services provider catering to clients all over the world. For over a decade, NetSol Technologies' domain expertise in Financial Services, a team of over 1000 professionals, strategic presence in North America, UK/Europe and Asia Pacific Netsol help to create the right foundation that accurately meets the company’s changing needs - to help you maximize the return on investment. The main technological services that netsol offer include Systems Integration Technology Security Business Intelligence H.R.M department was established in 2000. Before that H.R and Admin department was combined. Policies were made by the both of the departments. Faisal bhatti joined the netsol as HR head about 1 year3 months ago.The selection of employee is by the interview and criminal background of applicant is not checked. The hiring is not too much costly for top management seats because they use internal hiring mostly. About two year ago the turnover rate is too high which is about 18-20%. No promotion strategy is used by net sol and the performance is evaluated twice a year of the employee. The work load is too high and if an employee completes its given task in a given time, he should not be appreciating by the management. In IT department only, demand is high supply is less (applicant are less and vacancies for IT are more) so when company finds a person according to the skills, which is required, and if the person has some attitude problem, Netsol compromises it and hire that person. They bear the person for their own benefits and sometime give them bonuses which affect the other employees behavior and satisfaction level. They give compensation to only to the IT department employees. The employee work hard for achieving organization goals and objectives but can’t be appreciated and he lost hope and disheart from the behavior of organization and leave the job. So the turnover rate is too high because of their policies. 2 Case Study with Solution Q1: What sorts of problem was faced by the new HR manager of Netsol? Q2: What would you do if you are a HR manager of Net sol? 3 Case Study with Solution INTRODUCTION Founded in 1995, NetSol Technologies (NASDAQ: NTWK and DIFX: NTWK) is a global provider of software solutions and IT services, ranging from consulting and application development to systems integration and outsourcing Since its inception in 1995 NetSol has evolved as a leading global IT solutions and services provider catering to clients all over the world. As the demand forever arises for efficient yet cost effective solutions, NetSol has regimented itself to one guiding principle of "turning vision into reality", which drives our commitment to deliver the best of software solutions. For over a decade, NetSol Technologies' domain expertise in Financial Services, a team of over 1000 professionals, strategic presence in North America, UK/Europe and Asia Pacific NetSol provides a range of software products, custom development and consulting services. SERVICES Through NetSol’s wide array of services across the entire IT spectrum, as well as experienced resources, proven processes, and knowledge of advanced technologies, Netsol can help you create the right foundation that accurately meets your company’s changing needs - to help you maximize your return on investment. The main technological services we offer, include Systems Integration Information Security Business Intelligence HUMAN RESOURCE DEPARTMENT H.R.M department was established in 2000. Before that H.R and Admin department was combined. Policies were made by the both of the departments. Due to the work load, they were having difficulties to manage their employees. 4 Case Study with Solution Solution Company faces the problem of demotivation and high turnover rate. The team leader is responsible to resolve the conflicts between the employees. Employee not feels secure at netsol due to no compensation and appreciation. Company should motivate all the employees by appreciating, accommodations bonuses etc. There should no discrimination among the employees. The company should give compensation to their employees as their competitors do. Compensation also boosts up the morale of the employees which give good results in shape of performance. Employee performance improves which is helpful for achieving company goals. Many companies use the compensation like bonuses, extra salary. He appraises performance twice a year. They evaluate performance on monthly basis and bonuses give on the performance basis. Employee work hard and improve their performance for bonuses. Company also compensates those employees, who complete their assigned work on time. Company should also change the hiring policies. They should know about the background of the applicant. If you choose the bad impression person for job then it also affect the company reputation and also affect other employee’s motivation and creating discrimination among the employees.so it is the main responsibility of HR manager to select the employee of good job background. They use right tools for the selection process. The HR has authority to choose the person because he knows about the job analysis. They don’t use the agencies for the jobs, because they hire on top vacancies inside the organization. They have to train the new employees and also train the old employees for top vacant positions. They should train employee regarding to the IT department, for time being the post is vacant the employee should fill the seat for a while, if you already train your employees regarding IT the new applicant not show the attitude and then employee discrimination not grow. At end the compensation, training and right method of hiring will motivate the employees and also help the right person for right job too. 5 Case Study with Solution 6