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...

This post we would like to discuss about PEO or also referred as Employer of Records. The future of employment is going to be very different from traditionally how employers employed in India. Today we have many of the employees are working in this model. However with more than 40 million employees work in SME sector alone, there is a huge scope for future in building efficiency. PEO Professional Employer Organisation (PEO) : is a firm provides employees for an employer/firm whereby assuming the responsibility of Hiring, Managing Employment, Benefits, Workers compensation, Training & Exit Management.  It means the PEO hires client company employees and manages their employment as "Employer of Records".  Ideas : PEO Beginning of an opportunity Choosing a professional firm who understand the legal and employee based practices well is the key. Start-ups can use this service effectively so that they can provide all the benefits from the da...

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...