INTERNATIONAL SCHOOL OF BUSINESS & MEDIA

Bangalore.

SUBJECT: SHRM

Assignment/Project: Strategic HRM policies of Housing.com

Submitted to: Prof. Elizabeth P

Submitted by: Jayshree Sharma

Roll No: B2022008
Batch: 2020-2022
1. Appointment:

All candidates appointed by the company will be issued an appointment letter/

services agreement stating their terms of employment like basic pay, entitlement of
benefits, Leave quota, grade etc. HR department will provide a copy state with the
job responsibility of a new member with the collaboration of concern departmental
head.  Education will be accomplished by the in-charge of the concern Department
rather than HR official.

2. Probation:

Every permanent appointment will be subject to probationary period which will be

indicated in the letter of appointment.

3. Staff number, Identify card etc:

 Every employee is allotted a staff number which the must quote in all this
his personal correspondence with the management.
 Every employee is provided with an Identity Card and the employee
concerned is personally responsible for its safe keeping.
 The card must be surrendered by the employee at the time of leaving the
employment or at the any time on being called upon to do so.
 The card must be produced on demand at any time.
 Loss of the card must be report to the human resource department at once
and a new card will be issued on payment of the actual cost.

3. Working hours:
            Working hours will be notified on the notice aboard from time to time. The
working hours are liable to alteration from time to time to suit the exigencies of
business as well as the provisions of labor law.

 4. Overtime:

a)      Subject to the provisions of the labor laws, the management reserves the right
to the requiring all or any employee to work overtime and/or weekly holidays and
festival holidays.

b)       No overtime will be paid unless the employee has been directed by the head
of his department to work overtime.

c)      Overtime will be paid including other facilities provided according to the
provisions of law or rule of the company as enforced from time to time.

5. Attendance & Punctuality:

Employee must enter and leave his or her place of duty by the entrance specified
for on that behalf and the record will keep by automatic timecard machine. No
employee is allowed to leave his or her place of duty during the working hours for
personal or official work without leave / gate pas / permission issued by the
department head.

All employees are required to report for duty punctually and regularly and to
record their attendance in the manner prescribed by the management from time to
time.

6. Performance Appraisal:
            Every official who carries a supervisory rule within the organization
(exclude the personnel remains under probation) will be considered for appraisal
their performance at every end the year at 360-degree manners or (using any other
personnel appraisal tools as per as management’s decision) and the findings will be
reported with his personal file and service book.

           The strength and weakness of an individual will be remarked by the

appraisal and will forward his suggestion or option to HRD.

            HR department will take necessary steps like training (institutional or on

the job), counselling to improve the efficiency of a person in a particular area,
which has founded during his yearly appraisal procedure.

7. Promotion:

Promotion from one grade to another is entirely at the discretion of the

management and will depend on vacancies in the establishments and the
employees merit, qualifications, efficiency etc, Length of service will be taken into
account but the company servers the right at all times to select those, for promotion
who in its opinion are the best suited to undertake the duties of the vacant post, the
management being the sole judge, , suitability .If permanent employees are
promoted of a new post, he may at any time, during the promotion period, be
reverted to his old permanent post.

8. Service year & yearly increment:

The   service year starts from 1st January and ends on 31st December. Increment of
salary within the scale matrix of pay for the respect grade, if due, is given with
effect from January 1, provided the employee has joined the services of an English
calendar month.

9. Transfer:

The management can transfer employees from one department to another

department or from one project to another project for better administration or any
other at its sole discretion.

10. Retirement:

All employees will retire at the age of 60 years. The management may, however,
re-employ on man employee on his/her retirement on year contract basis for
periods not exceeding three years at the sole discretion of the management.

11. Salary & fringe benefits:

The following benefits are paid monthly in arrears:

1. Basic salary: This is paid in steps of the scale matrix of pay for the grade.
The amount will disburse through Bank account.
2. Fringe benefits: Besides basic salary, the entire employee’s shall get a sum
per month being the fringe benefits.

12. Bonus:

A person will be entailed for bonus after 6 months of his services with the
organization. The disbursement of the Bonus amount shall be allocated as per the
following’s manners:

Service Length            Entitlement for %           Amount     Mode

One Year & above                      110%            Equivalent of take –home salary   
40%+80%

(On declared bonus date)

Less Than 1 year

(More than 6 months)      50%          (60% bonus in 2 installment)             40%

+55%

13. Provident Fund:

Permanent employees are required to join the companies’ provident fund after
serving for a period of full 6 months. The employees will subscribe to the fund
through deduction from their monthly salary at the rate of 10% of their basic salary
per month. The company subscribes equal amounts as into the account of
concerned employee.

14. Gratuity:

A permanent employee is an entitled to the payment of the gratuity after

completing 5 years of continuous services at the specified rates.

15. Group insurance:

All employed are insured at the rate of BDT 1 lakh and the premium is paid by the
company.

16. Accident Insurance:

All employees drawing a minimum wage of BDT 5000 per month are insured
under this scheme while the employees in respect of the above will be governed by
the workmen’s compensation Act. Long service award:

After having been in continues employment of 15 years, an employee is entitled to

long service award as per the existing rule.

17. Loan facilities:

They have the following loan schemes:

A) Emergency loan scheme                      up to tk 25,000 without interest

B) Any purpose loan scheme                    up to tk 2, 00,000 with 10% interest

Justification of the necessity & urgency should be rational & recommended by the
Departmental Head, if anyone’s likes to avail any purpose loan scheme. Although,
Management will preserve every right regarding every rights regarding approval or
disapproval of the loan.

18.  Leave facility:

Casual leave                                   20 days in calendar year

Sick leave                                       14 days in calendar year

Festival leaves                                10 days in calendar year

HR Department will supply a printed Leave Card on the 1 st day of every year for
every personal. Entailment for leave, record of availed applied leave will appear on
the card, which rankled a department. Head to be aware about the leave quota of an
applicant without asking HRD. |After recommendation the card shall be forwarded
to HRD to insert the record at HRIS & will return ask with signature.

19. Loss of lien:

If any employee remains absent beyond the period of leave originally granted or
subsequently extended. He shall be liable to loss his lien to his appointment unless
he or she returned within ten days. Of the equity of his leave and explains to the
satisfaction of the employer his liability to return earlier vide clause 5 (3) of
Employment of labor (so) Act, 1965.

20. DISCHARGE ON MEDICAL GROUNDS:

An employee may be discharge from service of reason of physical or mental

incapability or continued or ill-health or such other reason not amounting to
misconduct.

21. Dismissal from service:

An employee may: -

 be dismissed from service of he or she is convicted for an offence; or

 be dismissed if he is found guilty or ‘misconduct’ under the previous of
employment of labor (S.O) Act, 1965.

22. Termination of employment by the employee:

A permanent employee may terminate his employment by giving one-months (the

Notice Period may extend up to three months based on the job nature & position)
prior notice.
23. Grievance procedure:

Any employee, who has a grievance in respect of any matter connected with his
employment, shall follow the existing Grievance Procedure. For details, please
consult the Human Resource Department.