Tag Archives: IT industry

Challenges Faced by HR Professionals in IT industry

HR ProductivityTodays, rapidly changing business environment needs a strategic HR planning within the context of the organization’s overall business plan.  To cope up with the emerging requirements, maintain positive work environment  and retaining the talent are few of the major challenges which every HR professionals has to face to make a successful employee friendly company.

With new challenges beyond operational HR issues, the roles and responsibilities of human resource professionals are constantly evolving and expanding. Success of HR decisions depends on company’s business strategies and objectives, which in turn helps HR professionals to develop programs related to employee retention, their training and development and performance oriented rewards.

In past, issues related to wages and job security were foremost issues for employees and employers but now the issues like motivation, retention of workforce, mentoring, training, late night works, lesser wages, no job security, ego hassles between teams, rumours from management, dissatisfaction due to unnecessary policies etc. are getting more common in both small and midsize companies.

Proactive HR professionals always make efforts in understanding staffing challenges, maintain a positive environment to ensure that team stay focused on their core jobs, and stay aligned with company growth objectives. HR professionals need to work independently without any interference from management so that they can make better recommendations and decisions.  Few of the important challenges are:

1) Global Perspective – Technological change

Current Globality era requires HR professionals of all industries to have a global perspective to cater the needs of managing resources in optimal way. Due to global talent crunch, they are bound to look beyond traditional ways of hiring and retaining resources.  This necessitates knowing what companies need, what kind of skill set required and their experience level to justify the requirement.

2) Culture of Sharing and Learning as a Team

Business can only be successful if leaders and their teams are collaborating between themselves. They are learning and sharing the knowledge to grow as a single team instead of different business units.  HR professionals play a key role here, during short listing candidates they look for mind-set who can adjust within company environment, bring positive attitude, and potentially become a leader.

3) Employee and Knowledge Retention

Maintaining low attrition rate is one of the major challenges, which every HR professional faces in IT industry. This industry is growing rapidly and lot of successful ventures are launching to grab the share of this blooming industry. In this, cutthroat competition HR professionals are required to develop a strategy that can retain the talent. Training new talent, knowledge sharing a costly affair and good companies are willing to go extra miles to save talent and maintain a growing and positive work environment.

4) Cross-Functional Resource Balance

It is necessary for HR professionals of those businesses that are operating across the globe toHR Challenges maintain a balance between the benefits given to workforces deployed at different client locations and those placed at main development centre of the company.  In addition to this, balance is required between those who have been working from years and those who have joined recently.  Balance at hierarchy level (top heavy or flat) is also must and must be coordinated with business goal.

5) Protect Resources from Exploitation

In this competitive market, searching for a talent within limited budgets is a challenging and time consuming task. HR professionals expected to utilize one resource on multiple projects.  While focusing on ROI, HR professionals ensure that resources are cross-trained on different skill sets and can do multitasking without being exhausted. They also define the process and matrix to track the training results for improvement in training materials.

The success of above multitasking strategy depends on how better HR professionals analyse the resource pool, requirement and perception of management related to employee benefits.  In India, many small and midsize companies take undue advantage of this strategy. Companies take employees for granted and make them work for extra hours with no basic benefits such as cabs, over times, bonuses etc. and when questioned they give lame reasons about monetary loss, performance issue.

Main challenge for HR professionals is to make a policy, which justifies profits for company and make employees feel enriched. Lot of efforts goes in from HR professionals to make employees satisfied, maintain a positive and learning work environment and have stringent HR processes that help company and employees to grow together rather than just having policies which no one follows.

In outsourcing business, an HR strategy plays a very crucial role since they control the quality and productivity of the main assets. It is imperative for companies to have best HR policies so that their clients get best results and value for the money they pay.

Sales consultants at Globality consulting help business owners and organisations who are searching for software developing companies in India for their IT requirements to connect with those service providers who believe in strong HR processes and treat their employees as an asset to their growth. Get in touch with one of your consultant at hello@globalityconsulting.com for more details.

Launching a Successful Venture – Journey of a Sperm to Life!!

Launching is successful venture is very much like a journey of Sperms where only one out of millions gets an opportunity to give the life.  Daily there are several Start-ups which are popping up in the market out of which only few get a chance to taste the success and rest get disappears. Launching a venture is easy but pursuing your passion to pursue it to next level is what defines your success. The moment you lose your passion and focus, you will lose in the race of success

EntrepreneurshipI have been recently bitten by an entrepreneurship bug and have been reading, exploring about how to launch a venture which can help me to pay community back which has given me everything which I could ask for.   My journey has been far more challenging then what I thought and at many times I lost my direction.  Entrepreneurship is a self-evolving journey where every step you take will give you an option to choose from different new steps leading in different direction.

Being associated with an IT industry and companies working on offshore models I have gained many insights about how and what type of business operates in this industry however when it came to put my thought in a structure I understood how difficult it is to make it happen and one can end up spending sleepless nights to put it in structure.

Based on my understanding and knowledge, I have spent a lot of time in analysing about core things which I believe must be answered before I present it to market.  Few of them are listed below:

  1. Services my venture should be offering
  2. Markets we should be targeting
  3. What makes us competitive and stand outside the crowd
  4. Do we have a passion to address client issues
  5. What kind of talent we should be hiring

In the process of answering above points, I took an opportunity to meet and speak many experts who either have supported several executives in launching their ventures or have their own successful ventures in the market. In addition of seasoned experts, I also met newbies who were fairly new, less experienced and trying to launch their new start-ups. Idea of such meeting is to understand the challenges which they have faced/facing and how they are making sure that they stays passionate.

My every meeting and discussion has given me new perspective to my thought process and helped me to filter, define my offerings in a better way.  Few of those discussions were highly motivating, few were mix of positive and negative and few were hopeless but the core of every discussion was to focus on important things which will eventually help an entrepreneur to be become successful and have a successful venture.

If I have to summarize my all discussions and meeting to provide meaningful solution, I believe I can sum that in few points which are well known and shared by lot of experts however not everyone believe them till they themselves get their hands dirty in trying them. They will be:

  1. The problem and pain areas which your venture will be solving
  2. Why your potential customer think that as a problem and pain
  3. What solution/service you will offer to solve that problem
  4. How better your solution/service is from your competitor
  5. Do you have a passion to pursue that

My new venture Globality Consulting does answer above points, but these are not the only guidelines which we got to keep in mind. There is lot in there and as I mentioned above, every step we take to stabilize our own venture, a new thought comes to mind which will look more lucrative but if you are not passionate on what you started and lose focus then you opt for those options and get into a vicious, never ending circle of losing your patience and your dream and then you will end up like other sperms which don’t get chance to give life.