HRM Learning Journal ====================================================================== 04-02-2023 Marwadi sense of business: High volume sales at lower cost . In business term it is economies of scale or in other words low cost strategy. Laissez faire management style : Management not interested in what subordinate does .They don’t micromanage or give instruction to employees . They allow employee to use their creativity resource and experience to achieve the goals. IT company don’t bother about labour turnover : Because they have more SOP ( standard operating procedure ). A company can not become people oriented quickly Sowth west Airlines compete with road traffic. Lower cost similar to road commute but faster. Person fit : How employee fit into organisation PJ – person job fit JD – Job description PG fit :Person group fit : person to person fitment PE fir :Person Environment fit : Resource based view : Importance of Leadership Doality = Authenticity vs accountability 05-02-2023 When an organisation is sick external CEO is better because he can bring fresh perspective CEO visiting subsidiary is less effective than horizontal managers meet CEO at head quarters as the later has the advantage of horizontal group head collaboration. Recruitment : Attracting people for a position . Recruitment ends when a person applied for a job. Quality of recruitment = No of candidate with PE fit / Total number of people applied . Cost/ hire = Total cost of hiring process / number of people joined the organisation Quiet hiring : when organisation acquire new skills without doing recruitment is called quiet hiring bringing short term contract employee . Or giving more responsibility to existing employee beyond their job description . Moving to other internal position or taking other project also is an example. Quiet firing: Is quiet quitting . Means employee does bare minimum job and stay in the company without proactively engage in the job. 11-02-2023 Five fitment test 1. Environment fit : It is the linkage between HRM system with external environment . According to this HRM system should be adapted to social , cultural and institutional characteristics. 2 Vertical Strategic fit: It specify how HR system fit with organizations strategy and vision 3. Internal Organization Fit : It deals with how HRM fit with other department within an organization such as technology , production etc 4 Intra function HR fit: it is the link between various function within the HR systems 5 Intra activity HR fit : it represent the co-ordination between policies and activities associated with a particular HR activity. HR Strategies locus of work place control outcome Commitment HR startegy Collaborative HR strategy Internal development of employees on outcome control organisation outsource work to external contractors and external expert and look for only the end result Paternalistic HR Strategies Traditional HR strategies learning opportunities and promotion in return of their compliance with process control recruit external candidates based on behaviour process control process I←---internal --- Acquisition of employees ----- External ------------------------------→I When to Hire - Manipulate attrition rate - Buffer employee to use when needed immediately Valid hiring Test: A hiring test is valid when selected people perform job well Reliability Test: Consistent result on repetitive process. Face validity: Just skim through the question and validate Predictive validity: correlation between pilot test and actual test. Criteria validity : measures how a test measure the outcome it was designed for Cronbach Alpha : inter item correlation test and should be more than .7 to accept as valid data ADDIE frame work for training Analysis : Analyse the job requirement Design : Design the training like place , time , duration etc Development : Develop any new things if required Implement: Deliver the actual training Evaluate : Evaluate the effectiveness of training 12-02-2023 Kirk – Patrick Model Kirkpatrick model is a learning evaluation model. It has four criteria to rate against . They are reaction: Measures learners find training relevant , engaging and favourable usually measured using rating surveys learning : Measures weather the trainees obtained the intended knowledge after training . methods of assessment is exam or interview behaviour: One major measurement criteria is behaviour change after the training . This is measures by observing the pre and post training behavioural change at work place . Lack of behavioural change does not mean that training is ineffective , but lack of organisational culture that foster learning environment. Result : Check the improvement in organisational performance indicator. These indicators are key performance indicators such as profit increase , cost reduction , sales increase etc. These are analysed using the data collected from various department inside the organisational Reason for poor performance Can’t do Won’t do Lack of skills No salary increase or no promotion Work is repetitive Job Ambiguity No gain from Pain Job is not aligned with personnel goal Job misfit Fear of loosing job Notice period Mentoring relationship formal vs informal : Formal Mentorship Formal mentorship has initial high intensity compared to informal mentorship because of predefined environmental support like work place mentorship . Where mentor men tee relationship has some predefined norms set by company culture and HRM system .But it never go beyond a level as the scope of this relation is for limited purpose. Informal mentorship Informal mentorship has less intensity initially as the relationship begins as mentor and mentee takes time to synchronise themselves due to lack of systemic support.. Once both find a rythem the relationship accelerate and goes at high intensity than formal mentorship Mentor function Carrier Psychological Access to network Counselling Right kind of exposure Friendship Coach( narrow skill set ) Role model Sponsorship Protection Mentor function map Mentee negativity High dysfunctional Toxic relationship Low functional dysfunctional Low High Mentor negativity Ambivert : person has the balance of introvert and extravert personality. Biases in appraisal decisions Strictness or leniency Unclear performance standard centrality bias halo effect recency bias Performance evaluation method Peer appraisal : appraisal by one’s peer Crowd appraisal : use of social media to get appraisal from others Rating committees : A rating committee typically consists of employees immediate supervisor or two or three other supervisor. Self rating : appraisal by subordinates Tools for appraising performance Graphic rating scale method : A performance appraisal method in which the employee rate themselves against list of traits or behaviour which is important for to perform the job. alternation ranking method paired comparison method forced distribution method Critical Incident Method : Supervisor maintain a log book of critical incidents narrative forms Behaviourally Anchored rating scales Management by objectives Electronic performance monitoring 25-03-2023 Reward and compensation Factors affect the compensation 1. Aligning total rewards with strategy The compensation should align with the strategic objective management wanted to achieve 2. Equity and its impact on pay rates In compensation we have 4 equities to consider external equity : refers to how a company job pay rate compares the job pay rate in another company Internal equity: refers to how a company job pay rate compares the the other job pay rate in same company Individual equity : refers to fairness of a company job pay rate compares the other individuals do similar job within the company procedural equity : refers how fair the reward and compensation decision are made 3. Legal consideration Various act relevant to the country like minium wage act, code of wage bill 2017 4. Union Influence on compensation decision 5 . pay policies Golden Parachute : A payment companies make in connection with change in ownership or control of the company Scanlon plan: Designed to encourage co-operation , involvement and sharing of benefit in 1937 by Joseph Scanlon 26-03-2023 4 new Labour codes : 1. 2. 3. 4. 2019 code on wages 2020 code on industrial relation 2020 code on social security 2020 code on health and working condition 29 existing labour laws are replaced with new 4 labour codes 01- April – 2023 Employment : Employment is an agreement of work between employee and employer written and accepted by both parties . In employment In employment individual obliged to do work ( substitution not possible ) Employer should provide work and the employee should accept the work Employer should have control over the work how it is carried out. Employee has protection from a) Unlawful dismissal b) statuary redundancy payment Worker : worker status is a half way between employee and self employed . But they still have some statuary legal protection a) protection from discrimination b) minimum wage protection c) protection from unlawful deduction of wages Because of the above fact majority of the IT professionals are employees not worker . They join the company after signing a contract. But certain states given exception for certain period like SEZ . This made BPO and ITES professional under workmen category SME : Small and medium enterprises According to 2020 definition Micro1 : Investment in plant and machinery or equipment not more than 1 crore Indian rupees Small : Investment in plant and machinery or equipment not more than 10 crore Indian rupees Medium : Investment in plant and machinery or equipment not more than 50 crore Indian rupees IIMK investment has total tangible asset of 32 crore according to the 2020 balance sheet . Hence it will come under Medium enterprise by size .But it is not an enterprise . It is an educational institution . IIMK is not a factory since there is no manufacturing activity happens . But it falls in service sector. Shop and commercial establishment law exist in different states in India and hence have different view in case of educational institution . IIMK comes under Kerala jurisdiction and in case Sarangadharan v Asst. Labour Officer Kerala court taken a view that taking fee from student and employing teachers is not a commercial activity. But IIMK consultancy work definitely falls in commercial activity. But major income is generated from teaching my conclusion is that IIMK is an educational institution hence exempted from shop and establishment act Kerala 1 What's MSME | Ministry of Micro, Small & Medium Enterprises 8
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