Human Resource Systems and Processes

Human Resource Systems and Processes

Learning Notes 

Submitted by

Priyanka Gupta

10PGHR30

MANAGEMENT DEVELOPMENT INSTITUTE, GURGAON

Session 1

Guest Lecture – Mr. Rakesh Sharma

International Management

• Different labor laws are followed in different countries. For effective International Management, we should keep ourselves updated with them

• While planning compensation for the expatriate employees, HR managers should keep factors like double taxation, COLA in mind

• HR policies and principles followed in an organization should depend on the context and people in the organization. They should not be taken from one organization to another

• HR managers should not impose their knowledge in the working of an organization. Instead, they should formulate policies in accordance with the environment of the organization

• For International Management, HR department should know the social contracts between the two countries

• Companies look at the core skills and augmented skills of the employees for selecting expatriates. Core skills are critical to an employee’s success abroad and augmented skills help in facilitating the efforts of expatriate managers

• The biggest factor in the failure of expatriate assignments has been the inability of the employee’s family and spouse to adjust to their new surroundings

• The most important quality that an HR manager should have is acquiring the trust of the people

Session 2

Guest Lecture – Munish Vasudeva

Compensation Systems

• Compensation systems should be designed to support the organization’s business strategy and to adapt to the social, competitive and regulatory pressures in the environment

• The ultimate purpose of effective compensation systems is to gain and sustain competitive advantage

• HR role in organizations varies according to the corporate strategy of the company. There are three generic corporate level...