1. 80 | CHEMICAL & PROCESS WORLD | May 2013
Allied Services | Industry Voice - Satya D Sinha
“HR personnel can
develop an environment
of faith and trust”
On hiring trends in chemical
industry in tough economic
times...
Hiring trend has definitely slowed
down since 2008 as the production
volume has gone down to as low as
3.6 per cent between the period 2004
and 2009 compared to 4.4 per cent from
1999-2004. Companies today are ready
to wait and hire the best talent available
in the market.
Top HR strategies of companies...
The HR today is keeping itself abreast
of global trends. It is intricately involved
in career planning for the employees.
More importantly, HR personnel play a
key role in developing an environment
of faith and trust, which is pivotal during
tough times. Also, it plays an integral
part to make Performance Management
System (PMS) a serious and valuable
affair for the development of employees.
Apart from this, the HR is involved in
counselling and guidance activities.
Measures to be taken by
employees…
It is in the best interest of employees
that they should adapt to working out
of their comfort zones. They need to
maintain good relationships with their
reporting manager. It is also important to
understand that these days multi-tasking
is not an option; it is becoming mandatory
and highly reflects on the productivity
and adaptability of employees. Nowadays,
companies are demanding multi-tasking
employees, who are able to work in an
unstructured and matrix environment.
Regarding salary hikes in these
times...
It is a welcome note that salary hikes
have remained between 5-10 per cent
across the industry, irrespective of the
appraisal score and performance of an
employee in these tough times.
On non-monetary incentives to
motivate employees...
As the young workforce increases,
employees are not really satisfied with
just the monetary incentives provided
by the company. Hence, companies have
to extend these incentives to a non-
monetary basis, wherein the comfort
and the zeal of an employee towards
an organisation is maintained. Quick
examples include providing cab facilities,
recreational facilities, etc, which perhaps
make work environment more fun loving,
especially when the employees have to
deal with difficult work deadlines. This
keeps the employees motivated and
dedicated towards the organisation.
It is a general observation that
companies have been motivating and
supportive in uncertain economic
conditions. The biggest fear of an
employee of losing the job is the
major area of concern. Under such
circumstances, the HR needs to provide
a deep sense of security to the people
working with them.
Email: mahua.roy@network18publishing.com
Satya D Sinha, Chief
Executive Officer,
MANCER Consulting,
in conversation with
Mahua Roy, speaks
about the role of HR
in motivating and
retaining employees
in tough economic
conditions.
HR STRATEGIES DURING
TOUGH TIMES
Getting involved in career planning
for employees
Developing an environment of faith
and trust
Making PMS a valuable exercise
Counselling and guidance
Offering work environment full of zeal
and enthusiasm