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Presented by Group 2 for Dr (Prof) Jyotsna Bhatnagar Members:
Aditya Singh (19PGPIM063)
Keshav Singh (19PGPIM080)
Rahul Bhalla (19PGPIM090)
Swapnil Basmatkar (19PGPIM102)
Sahil Rawat (19PGPIM112)
Akarsh Pandey (19PGPIM117)
Innovative Strategic HR Practices
At Netflix, employees are instructed to take holidays as and when
they wish as long as it doesn’t cause harm to the business.
Similarly, there’s no set amount of time allocated for parental leave
with parents free to return to work whenever they feel they and their
new baby are ready. This freedom also applies to company spending
and expenses such as travel.
At Amazon, once a year, employees with one or more years’ service are
asked if they would like to leave in exchange for a pay-out based on how
long they have worked for the company.
They feel that this policy is worth the short term financial cost, as in the
long run, it ensures their remaining workforce is engaged and productive.
Innovative Strategic HR Practices
Intuit’s Employee recognition strategy: The program aims to shine a spotlight
employees who have shown dedication, innovation and high performance.
Employees are given feedback on how they are excelling and can then select a
variety of rewards including gift cards and charitable donations.
A study conducted by the Stanford Graduate School of Business found that 93%
of employees felt that receiving Spotlight awards helped to motivate them to
maintain a high level of performance.
PRESENTED BY GROUP 2