HR SME : HR Function Management

  What If:"A Life of Startup CEO in India" Suhit is a startup CEO with few employees on rolls. They are not yet covered on Pension Funds or Employee Health Insurance. What is the risk that he runs? If god forbidden any medical emergency in the family of employee or accident for the employee. It could be as fatal as paying organization funds and borrowings to help the employee to support emotionally. It’s a risk for startup & Mental Stress for both employee & founders.  Market Scenario: The MSME sector today is unable to provide their employees with suitable health insurance benefits. The lower headcount impairs their leverage to get a sizable discount from insurance companies. It is not that companies are indifferent towards the welfare of employees, but the whole process of insuring a limited number of people is very cost intensive and cumbersome. Employees are thus le ft to sustain all costs by themselves, sometimes ending up spending a large chunk fr...

SME’s creates a big future for HR in India To consider what the future of HR services will be in SMEs, first let’s look at the current HR practices and approaches being adopted in smaller organizations through a short story. I’ll then go on to envisage the possible growth and how it can generate business opportunity in the future, particularly through the franchise operating model offered by Husys. Why SME in India? 1.         Currently MSME’s are a huge 51 million size, which is a massive growth from 16 million since 2001. 2.         40% of the  workforce  in India are in SME segment 3.         SME contributes to 8+% of the total GDP of India 4.         Special MSME ministry is formed in the Govt. of India A day in life of CEO @ SME:  “Ram an owner of a small business firm with 20 people, had targeted to gr...

In This post we would like to dwell on aspects of "Networking for  Business Leaders/Owners/CEO". Building Partnerships & Meeting GR Reddy of Husys & Gary of Penna @ London "A successful Business Leaders is the one who networks seamlessly". There is no doubt that the business enhancer would be the network that you create which is your net-worth ultimately.  Today's businesses are run in a complex environment. You can never be sure What and How business could impact based on the Internal, External and Online Influences. The ability of networking defines the business owner's continuity of its own business existence.  Today we see many of the business leaders are busy with their day-to-day routine challenges and very little time they get to think about what they can do for their business growth. You never know when you start your day and end your day. The feeling of "something missing" to make the big picture come true is a ...

Every Job has its ups & downs, good & bad. You need to know to take that plunge  Based on various requests by our readers, we are posting each idea separately to encourage comments and feedback. This would also ensure a focused discussion on each of the topics to learn.   Please  visit earlier postings for 1-25 HR Ideas. 26. On-Job-Preview - OJP : On-Job- Preview is a process in which the employer gives an opportunity for the new employee to get to know the work environment, job related scenarios and organisational perspective before joining. This process can be applied to many jobs in an organisation unless any sensitive products/services/work involved. To be able to implement this process there must be a set of non-disclosures in place.  This process would ensure that the employee joins the organisation with more clarity of information both positive and negatives than based on their own preconceived perceptions without OJP.   Ideas : Empl...

In this blog post we would focus on one of the key aspect of building fresh talent pool for growth. Every growing organization cannot ignore this essential method for talent building. This method is successful based on the current Job market, Industry awareness & Social Influence on the Young Generation in that market.   There are many Government initiatives in various countries based on the business/economic environment in those countries. India – Govt. of India spending lots of money in developing resources through their National Skill Development Programs.  In Wales-UK the companies are provided grants up-to 50% of employee salary to companies based on the location and skills they are hiring. 21. Hiring Fresh Talent:   Businesses across the globe strive to build efficiency in People, Process and Technology. A growing organization would have no choice to build within. A building within the organization means a plan for cost efficiency and bui...

Report by Arti - Husys : How to use people to build business @ SMEs at WZCC, Mumbai  The World Zarathushti Chamber of Commerce – India (WZCC) and Husys Consulting Pvt.  Ltd. jointly organized a seminar on “How to use people to build business @ SMEs”  on 21st July 2012 at PRG Hall, Della Towers, Dadar East, Mumbai. Mr. G.R. Reddy – Founder and Managing Director, Husys Consulting Pvt. Ltd., was the main  Speaker who was welcomed & felicitated by Mr. P.P Kharas, Chairman WZCC. The event had a  mix of audience from various industries and functions including Businessmen, Industrialists,  HR professionals and others who participated in the seminar. Mr.G.R.Reddy stated that countrywide economic growth and globalization of the world economy provided an excellent backdrop for businesses in India to develop and prosper on an international scale. Company’s growth and sustainability can be threatened greatly by the  people practices...