hi,
i have been reading everbody's views since long time on the recession..i do agree with sumeet's comment........first of all we have to take our employees under trust and let them feel as a family member.......as you said its a small company you can request your MD to address a meeting to all employees about this hard time and let the employees clarifiy their queries and future security directly with the boss.So that they will have clear idea about job secutiry and the reason of not giving any hike this time time.
If you MD thinks can assure your employees for the future benefits when the market condidtion become stable.
as sumeet said you can ask the employees about their views........i can say on this that when decision is participative it gives the feeling of recognition and also motivate the employees by their involvement in decision making.especially when crisis arises and we work as a team bond among people becomes strong.
i can understand as an HR sometime we become very hard and have to take decision which we really don't want but we also think about situation considering as an employee.
regards,
charu
From India, Chhattarpur
i have been reading everbody's views since long time on the recession..i do agree with sumeet's comment........first of all we have to take our employees under trust and let them feel as a family member.......as you said its a small company you can request your MD to address a meeting to all employees about this hard time and let the employees clarifiy their queries and future security directly with the boss.So that they will have clear idea about job secutiry and the reason of not giving any hike this time time.
If you MD thinks can assure your employees for the future benefits when the market condidtion become stable.
as sumeet said you can ask the employees about their views........i can say on this that when decision is participative it gives the feeling of recognition and also motivate the employees by their involvement in decision making.especially when crisis arises and we work as a team bond among people becomes strong.
i can understand as an HR sometime we become very hard and have to take decision which we really don't want but we also think about situation considering as an employee.
regards,
charu
From India, Chhattarpur
Hi Forward them this PPT and then declare the single digit hike decision I m sure it will work. Chetan
From India, Thana
From India, Thana
Hi,
Your doubt is 100 % correct at the same way please go through the others view , if you give any good amount of increment in the earlier period also , the people from your company were leaving , so , do not worry. Think that every thing happening good for you. It is not only in India also over the world , in Dubai many well established companies are sending their employees on compulsory leave, decremental, cancel their visa . This is the right time the management feel to cut down the cost in the salary structure. This is the only the temporary situation ,
The best regards
Raman Rajamanickam
From United Arab Emirates, Dubai
Your doubt is 100 % correct at the same way please go through the others view , if you give any good amount of increment in the earlier period also , the people from your company were leaving , so , do not worry. Think that every thing happening good for you. It is not only in India also over the world , in Dubai many well established companies are sending their employees on compulsory leave, decremental, cancel their visa . This is the right time the management feel to cut down the cost in the salary structure. This is the only the temporary situation ,
The best regards
Raman Rajamanickam
From United Arab Emirates, Dubai
Dear Vishal
a) Keep the message brief and to the point- don't take a long time to set up the context , be gentle but firm. Don't be defensive (at least you have a job) or comparative (other companies are firing)
b) Listen (ALOT), empathize with their woes (EMI's) but don't be apologetic or feel guilty.
c) Offer to help in whatever way is possible within the organizational limits (check with your director beforehand on what can be done). Keep the door open.
It would be good if there is an organizational communication from the very top beforehand, as it will reduce the rumours (that can build up and blow up) as well as make your task easier.
Best of luck
Isabel
a) Keep the message brief and to the point- don't take a long time to set up the context , be gentle but firm. Don't be defensive (at least you have a job) or comparative (other companies are firing)
b) Listen (ALOT), empathize with their woes (EMI's) but don't be apologetic or feel guilty.
c) Offer to help in whatever way is possible within the organizational limits (check with your director beforehand on what can be done). Keep the door open.
It would be good if there is an organizational communication from the very top beforehand, as it will reduce the rumours (that can build up and blow up) as well as make your task easier.
Best of luck
Isabel
U hv to handle the situation carefully woth out effecting employee morale.Following are the few steps
1.A letter from the top has to be circulated to all employees explaining the business,its market and present trend keeping in view the economic melt down
2.It is the time that all employees have to sacrifiy certain things/benefits which helps the company to be on tracks
3.it appears that your company has not retrenched/asking any one to leave the job,which it self shows the greatness of the management,such being the case performance reward/increment does not come in to picture
4.Instead worrying, the employees together invite the top man and express their commitment towards the organisation and assure him of their support in facing the challanges and to sacrifies one year increment .
5 In addition they have to collectively put their efforts in reducing the cost where ever possible
if this is followed there will not be any issue
Thanks
Patrudu
From India, Hyderabad
11.A letter from the top has to be circulated to all employees explaining the business,its market and present trend keeping in view the economic melt down
2.It is the time that all employees have to sacrifiy certain things/benefits which helps the company to be on tracks
3.it appears that your company has not retrenched/asking any one to leave the job,which it self shows the greatness of the management,such being the case performance reward/increment does not come in to picture
4.Instead worrying, the employees together invite the top man and express their commitment towards the organisation and assure him of their support in facing the challanges and to sacrifies one year increment .
5 In addition they have to collectively put their efforts in reducing the cost where ever possible
if this is followed there will not be any issue
Thanks
Patrudu
From India, Hyderabad
Hi Vishal,
I am completing my PGDM course but still i m worried about my placement. So employees in an organization getting worried is quite obvious. You can actually compare economies by telling them that some of the econmies have negative GDP. Atleast we have approximately 6% GDP. We are lucky that the scenario is not so bad that thousands of people are losing their jobs. So accepting reality instead of cribbing about the situation is the only appropriate solution at this point of time. So just keep your cool and try giving your 100 percent without expecting much could be the only solution at this point of time. I hope my suggestion would help you in some way.
Regards,
Meenal Kelekar
From India, Mumbai
I am completing my PGDM course but still i m worried about my placement. So employees in an organization getting worried is quite obvious. You can actually compare economies by telling them that some of the econmies have negative GDP. Atleast we have approximately 6% GDP. We are lucky that the scenario is not so bad that thousands of people are losing their jobs. So accepting reality instead of cribbing about the situation is the only appropriate solution at this point of time. So just keep your cool and try giving your 100 percent without expecting much could be the only solution at this point of time. I hope my suggestion would help you in some way.
Regards,
Meenal Kelekar
From India, Mumbai
Inflation is comming down and market rates of all commodities are also stabalised to its real market worth. Due to abnormal and irrational economic growth in last 5 years indian economy has inflated artificially and IT and Banking Finance sector has further inflated the market salaries which was never heared before of 500 to 800% salary hike in last 2 years.
Now this artificially inflated mechanism has busted and financial engineering exposed that they were playing with only figures and those figures were not matching with real money in the market circulation finally everything has to get re-evaluated to real worth because financial engineering by mode of electronic money did not match with actual money (Satyam Funda) artificial figures become scrap economy and results are frustration to high flyers..............
Noe the time has come for not only slowing down of economy and inflation but more likely a deflation is very much likely in next two quarters because the worth of money is more than its circulation tag price. Money is more precious than before and become more costlier therefore salaries will be re-adjusted in next 18 months who soever did not aclamatise with this changes will loose his market and will become obsolete.
Be careful,
BADLU
From Saudi Arabia
Now this artificially inflated mechanism has busted and financial engineering exposed that they were playing with only figures and those figures were not matching with real money in the market circulation finally everything has to get re-evaluated to real worth because financial engineering by mode of electronic money did not match with actual money (Satyam Funda) artificial figures become scrap economy and results are frustration to high flyers..............
Noe the time has come for not only slowing down of economy and inflation but more likely a deflation is very much likely in next two quarters because the worth of money is more than its circulation tag price. Money is more precious than before and become more costlier therefore salaries will be re-adjusted in next 18 months who soever did not aclamatise with this changes will loose his market and will become obsolete.
Be careful,
BADLU
From Saudi Arabia
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Employee Appraisal Form new.doc