Hr practices in ibm india
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IBM has been present in India since 1992 and offers a variety of HR practices and benefits to employees. It provides competitive pay including base pay, variable pay, commissions, stock options and awards. Employees can customize flexible benefit plans that include healthcare reimbursement, travel allowance, vehicle expenses and more. IBM also offers health benefits, career development tools, childcare services, work-life balance programs and pensions. In 2011, IBM India won an award for HR excellence in recognition of its effective people management practices.
Hr practices in ibm india
- 1. HR PRACTICES IN IBM INDIA PRESENTED BY: MANSI PANJANI BHAVANA.A.ROHIDEKAR
- 2. IBM IN INDIA • IBM manufactures and sells computer hardware and software, and offers infrastructure, hosting and consulting services in areas ranging from mainframe computers to nanotechnology. • IBM has been present in India since 1992. • The diversity and breadth of the entire IBM portfolio of research, consulting, solutions, services, systems and software, uniquely distinguishes IBM India from other companies in the industry.
- 3. BENEFITS BY IBM MONEY: IBM offers a variety of programs to give employees a valuable total compensation package. Some programs will apply to every employee, every year, while others are designed to recognize individuals for very specific accomplishments.
- 4. Program What it is Who gets it Base Pay Regular pay; your "annual salary" All employees Variable Pay Annual "bonus" depending on All non-incentive plan employees company, group and individual are eligible; actual pay will vary performance criteria based on performance of the individual and his/her unit Commission For sales employees, portion of total Sales employees and executives on and Incentive compensation varies on specific sales incentive and commission programs Pay goals and objectives Stock Options Recipients are granted the "option" to Program is very limited and focuses buy stock at a locked in price on retention by awarding options to key employees in critical job categories Awards and Various individual and group awards Recognition designed to recognize very specific and depending on the nature of the extraordinary accomplishments All employees are eligible award and any relevant restrictions
- 5. FLEXIBLE BENEFIT PLAN • The Flexible benefit Plan is a significant component of Total Compensation allowing the employee the flexibility of planning their compensation. • This Benefit Plan lets the employee design their own package which best meets their individual and unique needs. • The FBP covers benefits such as: HRA Leave Travel Allowance (LTA) Conveyance Allowance or Fuel expense and Vehicle maintenance Reimbursement Driver's Salary Medical Expense Reimbursement
- 6. HEALTH • IBM provides a range of health benefit options so that employees can design personalized coverage that meets their personal or family needs. • They are eligible for all health benefit programs beginning with first day of employment eg Group term medical insurance, life insurance etc.
- 7. CAREER AT IBM The employees of IBM who have access to On Demand Workplace, have access to a variety of websites and tools to effectively manage career and build expertise, which includes: E-Learning - IBM's central warehouse of all on-line courses that are offered by IBM's professional communities. Includes universal access to thousands of internal e-learning modules. Career sites and tools - IBM's career sites and tools enable employees to identify opportunities, construct a plan of action for building skills and mark their progress as they advance along their career path. Academic Learning Assistance Program - Known as ALAP, this program provides assistance to obtain additional external education that employees need to stay current with IBM's business strategies and goals.
- 8. CHILD BENEFIT • This "first of its kind" Centre that offers IBM employees a complement of programs in one location, including child care, afterschool care and summer camps. • The centre supports a wide range of children between age groups 3 months to 12 years. • IBMers will receive priority to enroll their children in the centre’s programs, discounted tuition rates & convenient time scheduling to accommodate IBM working parents. • This centre has been designed as a place where young children will enjoy extraordinary childhood experiences, while IBM parents gain a partner to help them balance the demands of work and family.
- 10. Principles of work life balance • Employee responsibility • Positive impact • Flexibility while balancing work and personal needs • Employees must be treated as individuals • Ongoing performance and contribution must be there
- 11. PENSION CASE • A former IBM employee Kathi Cooper served as the lead plaintiff in a class action suit brought on behalf of 250000 current and former IBM workers. • The suit argued that IBM’s cash balance pension plan was discriminatory because it allowed younger workers to accrue benefits at a faster rate than older ones.
- 12. NEWS FLASH August,2011 IBM India wins HR excellence award • The award is in recognition of the overall effectiveness of HR and people management practices at IBM, contributing to the needs of business, profession, employees, industry and the nation