Human Resource Development of IBM
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IBM has been present in India since 1992 and offers a diverse portfolio of products and services. It provides employees with competitive compensation and benefits packages including base pay, variable pay, stock options, and awards. The flexible benefits plan allows employees to customize their benefits. IBM also offers health insurance from the first day, career development resources, childcare support, and focuses on maintaining work-life balance through flexible policies. In 2011, IBM India won an HR excellence award for its effective people management practices.
Human Resource Development of IBM
- 1. HR PRACTICES IN IBM INDIA
- 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 company, group and individual performance criteria All non-incentive plan employees are eligible; actual pay will vary based on performance of the individual and his/her unit Commission and Incentive Pay For sales employees, portion of total compensation varies on specific sales goals and objectives Sales employees and executives on incentive and commission programs Stock Options Recipients are granted the "option" to buy stock at a locked in price Program is very limited and focuses on retention by awarding options to key employees in critical job categories Awards and Recognition Various individual and group awards designed to recognize very specific and extraordinary accomplishments All employees are eligible depending on the nature of the 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, after-school 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.
- 9. MAINTAINING WORK LIFE BALANCE:
- 10. Principles of work life balance • Positive impact • Flexibility while balancing work and personal needs • Employees must be treated as individuals • Ongoing performance and contribution must be there
- 11. 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