Innovative Hr Practices in Software Organization

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INNOVATIVE HR PRACTICES IN SOFTWARE ORGANIZATION
Dr. S. Balasubramanian Mr. V. Antony Joe Raja
Management Consultant& Research Scholar
Research Supervisor School of Management Studies
Anna University Coimbatore Anna University Coimbatore
Coimbatore Coimbatore
E-mail: s_balasubramanian@rediffmail.com

INTRODUCTION

India now becomes a major player in the global stage. Everyone wants to do business with us, this change has given lot of opportunities to our country to grow further but it posed lot of challenges in front of us like Indian software companies gained confidence to acquire foreign giant companies and try to establish themselves very competitive than the foreign companies at the same time we have to give emphasis on the various challenges before us like the gap between people in the corporate world and those in the rural areas is becoming serious concern and the wage differentials between blue collared workers and senior managers, the candidates having good education and communication skills getting more chance in the job market than other people lesser than them, attrition levels are all time high in India for example business process outsourcing facing problems with talent retention.

1. CRITICAL DIMENSIONS OF BEST PRACTICES

Attract and Access
Attracting and retaining talent is becoming a big problem for every organization, they are following every trick and strategy to recruit and retain the employees.

Develop and Grow
Nowadays organizations try to recognize the aspirations of employees and focus on their growth and development. India provides job rotation opportunities to high – performing employees from operations division. This gives them broader understanding of the business.

Engage and Align
Employee engagement has retained the focus of organizational leadership and many companies keep launching new practices to woo employees. They are using innovative practices like “Loyalty Interview”- to find out what is it



References: • Budhwar, P., Luthar, H., Bhatnagar, J. (2006). The dynamics of HRM systems in Indian BPO firms. Journal of Labor Research, 27(3), 339-360. •  Babu, V. (2006). Infosys: Incredible Infy; What 's the secret sauce that makes Infosys the best company to work for, year after year? Business Today, pp 88. • Budhwar, P., & Khatri, N. (2001). A comparative study of HR practices in Britain and India. International Journal of Human Resource Management, 12(5), 800-826. • Challapalli, S. (2005). Those grand jobs. The Hindu, Business line. Retrieved from http://www.thehindubusinessline.com/catalyst/2005/03/31/stories/2005033100070100.htm • Grossman, R. (2006). HR 's Rising Star in India. HR Magazine, 46-52.

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