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Assignment 1-Comparison of Two Companies in The Different Industries
Assignment 1-Comparison of Two Companies in The Different Industries
different industries
In this document, I have compared two companies, HUL from the FMCG sector and TCS,
from the IT sector among various different grounds, I,e., revenues, employees, strategies,
and their HR practices.
1.
COMPANY PROFILE
The core competency of HUL is its wide & versatile distribution network. The various
strategies adopted by the company to remain ahead of its competitors are as follows:
Among many strategies, HUL considers Mergers & Acquisitions, mainly acquisitions
as their preferred mode of strategy for rapid expansion.
The company has designed unique metrics and made many adjustments to the
organizational structure.
The company has also designed a flexible supply chain and network.
The company focused on the hub and spoke model for its distribution of its products.
In its projects, it is ensured by the company that top leadership participates in the
project.
HR Practices At HUL
Efficient and productive HR activities are truly important for each organization. It also has its
HR activities, which aid a lot in achieving the goals.
HRM Programs at every company aim to update, redefine, review, renovate, redesign,
revitalize, and restructure the organization's architecture. These are easily tackled through
the alignment and introduction of HR policies & methods with corporate goals & targets.
PROCESS:-
• Identifying criteria (hiring vs. exit), upcoming vacancies, types of workers required.
• Create suitable strategies to attract appropriate applicants.
• To attract as many candidates as possible.
SOURCES OF RECRUITMENT:-
Internal sources
External sources
Internal Sources:-
Present employees
Retired employees
Dependent on the present
Employee Referrals
Walk-ins Head Hunting
Mergers & Acquisitions
External sources:-
Campus recruitment
Private employment consultant
Casual Applicants Trade Unions
It helps turn the company plan into the needs of people. In order to meet the changing
needs of the organization, a combination of internal recruitment, campus recruitment, and
executive search is leveraged.
In today's fast-changing business climate, companies need to respond to people's
requirements quickly. It is, therefore, necessary to get a well-defined recruitment policy in
place that can be efficiently applied in order to achieve the best fits for the vacancies.
PERFORMANCE MANAGEMENT
HUL 's performance measurement primarily includes the following core processes:-
1. Yearly goal setting
2. Half-year analysis
3. Annual analysis of its results
TRAINING AND DEVELOPMENT
The training and development program is charted to cover the number of existing staff
trainees. The plans also include the selection of qualified staff to carry out development
programs, the duration of training and development activities, and the distribution of
budgets. Training and development courses, depending on the work requirements and
study, may also be planned.
Training and development plans, based on work description and research, may also be
planned. Work research also enables the selection of trainees.
The organization has a strong emphasis on preparing personnel according to their needs.
The internal training department aims to improve the skill sets relevant to the employee's
work profile. That includes better communication, Different skills, E-mail programming,
Operation systems.
The training purpose determines what aims to reach by the end of the training program.
Working experience
Education-Education
Evolution
ethics
Problem Solving skill sets
Decision to
Changes in behaviors
Hindustan Unilever has provided its workers with both vertical and lateral growth
opportunities in all business units located in India. India was one of a few countries with a
major presence in all the different business divisions – Research, Production, Testing,
Consultancy, Sales & Marketing, and Support. Employees may switch according to their
areas of interest between the business units. In addition, employees were provided with
exposure to different business units through the mentoring of senior Unilever employees.
COMPENSATION
Hindustan Unilever provides incentive packages on a similar or higher basis than industry
norms based on the professional expertise and experience of the applicants. Employee
benefits were uniform across workers.
The benefit schemes were re-evaluated twice a year. The benefit programs included:
Medical benefits aimed at keeping workers safe and motivated.
A variety of qualified therapy and support programs for employees and qualifying
family members.
Encouragement for workers to relocate if they are relocated and help them settle in
a new location easily.
Emergency assistance programs for employees and their eligible dependents
traveling on business to locations worldwide.
Business stock gives workers the ability to share the rewards of the company's
success.
EMPLOYEE ENGAGEMENT
Employee engagement is a measure of how workers are engaged and committed to their
company and values. Employee engagement is how the employee thinks towards his or her
job and whether or not he or she is happy with the jobs.
References :
Hindustan Unilever (HUL) - IBEF.
https://www.ibef.org/industry/fmcg/showcase/hindustan-unilever-hul
http://www.hul.co.in/
http://www.managementparadise.com/pongal1990/documents/8112/best-hr-
http://en.wikipedia.org/wiki/Hindustan_Unilever
2.
COMPANY PROFILE
HR PRACTICES OF TCS
Employment Agencies- Employment services are organizations that try to locate work for
the job-seeker or assist employers in locating a worker to fill vacancies that are available.
Educational Institutes- During the placement season, educational institutions, especially
well-known ones, turn into hunting grounds for new talent-seeking organizations.
Interesting application- Applicants submit their applications to the management, either via
letter or e-mail, in person or via the organization's website, and demonstrate their interest
in jobs with the organization.
They collect all applications from the above-giving method, and then they will their selection
process.
TRAINING
In training in TCS, it majorly focuses on alignment an attunement. The practice they follow is
four-voice – the voice of wealth, the voice of the customer, the voice of the employee, and
finally, the voice of technology. Along with this, they also train via scenario-building
workshops. In these workshops, wealth creation, enhancing productivity, resource
allocation, and teamwork, etc. are looked into.
TCS persists with strict service contracts as a retention tool. Work pressure is quite less in
the organization compared to other similar organizations. Attrition at TCS was reported at
11.5 percent, with IT services witnessing attrition of 10.8% and BPO at 18.3%. Also, TCS
follows a unique approach to retain employees. In this approach, If an employee leaves TCS,
then in the future, they cannot join back the organization.
In the leave system, the company has its own leaves and holiday structure, and it is as
follows:
Ten paid holidays per calendar year – 8 fixed and two flexible
16 earned leaves per financial year
Casual leaves- 7 per financial year
Sick Leaves – 10 working days per financial year.
References
https://www.slideshare.net/mobile/renukapatnaik1/hr-practices-in-tcs
https://www.slideshare.net/mobile/sumitsanyal007/hr-practices-in-tcs-191090984