ManagementParadise.com - Worlds Leading Management Portal. Online MBA | Classroom to Boardroom and Beyond
 
  Articles Details
Print Email  Add to briefcase

An opportunity for HR to add value to Business

by Mohan M Prasad on Monday 11 June 2012, 11:12 AM | Category: Human Resources| View: 1055 views
 
 
Advertisements
 

Today's Eco Times: Staff faces Heat as economy turns Cold - a few thoughts 

 
While Indian companies are focusing on trimming their staff cost to weather the impact of the economic slow down 
 
This is good opportunity for HR Folks to make significant and value adding interventions to contribute to the healthy bottom line. 
 
Thought I will share a few areas for exploration 
.
 
Generating an Internal Profit plan (IPP) – through cost rationalization. It's a bottoms up approach 
Making the annual Increment a self Financing proposition – where each LOB/Function funds their annual increment cost through rationalization of the current pay cost so that there is a cost neutral impact on  pay cost 
Review of the cost benefit of “ outsource v/s in house “  management of Transitional costs in each function  
Converting the fixed cost to variable cost so that any marginal increase is in certain ratio to the increase in the vale add of the service to the stake holders 
“Cost deferred is loss denied”. Using the 3D approach to cost ; Define – Dialogue – Defer ; wherever feasible 
 
I have worked on some of these in my earlier organizations to good effect.
 
The take away has been both psychological and fiscal ....and in any case it creates a corporate consciousness while meeting the clarion call by the challenging situation 
 
Thought I will share ....may be it can work wonders ....but certainly an opportunity for HR intervention to be in sink and n empathy with the Business and organizational imperatives 
 
 
 
 
 
Advertisements
Print-Friendly Version Email to a Friend
 
Related to An opportunity for HR to add value to Business
 
 
 
 
 
 
STATS
 
Total articles: 5521
    Total Categories: 22
    Updated in Last Week: 8
LOGIN
 
   Login Id
   Password
  Forgot Password?
    
   
SEARCH ARTICLE
 
  Enter Keywords
 
CATEGORIES
 
    Banking and Finance
    Campus Articles
    Economy
INVITE FRIENDS
 
Invite your Friends, your Colleagues, your Group Members, your Seniors, your Team mates...and others.
 
 
Advertisements
 
spacer gif
Management Paradise
spacer gif
arrow gif About Us
Press
Jobs
Buy a Book
Kartik Raichura
spacer gif
spacer gif
spacer gif
Legal
spacer gif
spacer gif Terms & Conditions
spacer gif Privacy Policy
spacer gif Disclaimer
spacer gif Copyrights
spacer gif Contact Us
spacer gif
spacer gif
spacer gif
Help
spacer gif
spacer gif Getting Started
Support
FAQs
Tour
Feedback
Partners

MBA B School Blog

MBA Buy Entrance Exam Forms

MBA BMS Blog

MBA MBA Blog

MBA BMM Network

MBA Your Link Here

Follow
       
   

 

Copyright 2004 - 2014 Management Paradise. Site Developed by Available.co.in