GEETHA S EDUCATION TRUST

BANGALORE INSTITUTE OF MANAGEMENT STUDIES

Approved by AICTE,Govt.of India,New Delhi &
(ESTABLISHED BY PRAMOD EDUCATIONAL TRUST)

TOPIC : 1)HUMAN RESOURCE AND CHANGE MANAGEMENT

2)GOLDEN HANDSHAKE A WIN-WIN SITUATION

GROUP 2

ASSIGNED BY: Prof.VIRAJA R

Presented by:
Arpitha k c
Giridhar R
Pragathi D
Rahul B
Shilpa Bai R
Ramya p
Introduction of Human Resource and Change Management
Human Resource
Human resource is the division of a business that is charged with
finding,screening,recruiting,and training job applicants,and administering employee
benefit programs.

Change Management
management is the systematic approach and application of knowledge, tools and
resources to deal with change. It involves defining and adopting corporate
strategies,structures,procedures and technologies to handle changes in external
conditions and the business environment.
Steps in Change management
Role of HR in change management

 HR can play a dual role in change management by initiating and

leading the change and by serving as a facilitator for changes that
other leaders and departments initiated, the HR department performs
a variety of functions associated with the communication,
implementation and tracking of major changes.
 Advantages of change management

 Providing Support Systems and Training Programs for Change

 Reducing or Eliminating Resistance to Change
 Implementing Changes in Distinct Phases
 Redefining Employee Roles and Responsibilities
 Golden Hand Shake

Golden Handshake is classified as a severance agreement where in the

employer would have to give a severance package in case the employee cases
out on their job due to lay-offs, retirements, or due to professional negligence.
 Example of Golden handshake

ABC Company is a technological firm that needs new blood to move its
company forward. it has decided to terminate the services of a senior
employee who still has three years to go before his retirement and replace
him with a younger employee who is more knowledgeable in technology.
Advantages and Disadvantages

Advantages
 Normally top-level executives or employees are engaged in a high risk job.

 Normally when top-level executives change jobs.

 Therefore, a severance package may be utilized as a key to attract top and valuable

executives from the competitor.

 It helps employees to seek out better alternatives and opportunities.
Disadvantages

 The golden handshake offered to the employee is often not performance based.
 The organization may include early retirements for the employees.

 They could further initiate it to cut down on their labor force to meet the

demand of an ever changing business environment.

 If the top executives take up a golden handshake then they have to accept the

non-compete clause under the severance package.

 A non-compete clause states that the top executives would be allowed to open

any rival business.

THANK YOU