Dear Readers,
These are indeed trying times for the entire Management of the IT / ITeS sector. The result quarterly results of the IT companies reflect the true picture. There is a slow down in hiring and the projects are difficult to come by.
Can HR develop a business case and evaluate cost reduction steps and optimize the resources ? Some of the areas we can focus are given below :
freeze wage hikes for next 3 years
new hires to be given 8-10% increases
Identify and sack non performers
No taking fresh engineering grads (training cost =0 )
Replace high cost resources with low ones
Make 6 day working a norm
Increase the number of working hours
Cut down on employee welfare - team outings / lunch costs
Training Budgets - Only for technical skills
Onsite Allowances - reduce / prune
Please list out the areas where HR can contribute significantly to the business. It is now or never for the community. Where are no sources of reduction of other costs (infrastructure or facilities) the one that can be moderated will be 'wages' or employee costs.
Raghav
HR Maverick
9880080321
