Are those HR Practices outrageously bold or necessary to have?

22 October, 2019
By G-Team

In the past, HR leaders within the workplace are often considered as conservative leaders - adhering to the traditional HR processes in terms of recruitment, payroll or other administrative tasks.

While that might have benefitted companies in the past, such an approach might no longer benefit, and may perhaps even be detrimental to companies today. Similar to the rate at which innovation is expected in product lines and services, HR leaders today have to be innovative in their recruitment and retention strategy given the highly competitive talent market in today’s modern workplace.

Here are some interesting HR practices that some companies have implemented as part of their HR policies. Are they considered as outrageous or good to have? We leave the final decision to you.

1. Unlimited vacation days

Companies the likes the Netflix and foursquare have created waves within the market with the announcement of unlimited vacation days. This approach aims to treat employees as mature adults, providing them the flexibility to manage their work and personal time.

2. Outrageous incentives for referrals

The quality of new hires due to internal employee referrals has resulted in companies relooking at their recruitment practices. While some companies might discourage employees to refer their friends into the company, Indian tech consulting company - Tata Consultancy Services - did just the opposite with its slogan of “what if all your friends worked with you at TCS?” The pressure to maximise the potential of employee referrals so much so that DNAnexus decided to raise the bar by offering a USD10,000 referral bonus and a complimentary DNA screening for a newly-hired software engineer.

3. Limited Term Contracts

While companies certainly have a valid reason to dismiss poor performing employees, most companies do not actually do it unless the employee infringes on major company policies. However in the case of the Revel casino and hotels, all new employees who are in customer- facing roles are required to sign employment contracts with a four to five year employment term. Once the contract term ends, employees are required to reapply for the role. According to their hotel management, the elimination of a guaranteed job for life can motivate employees to be productive and customer-centric during their employment term.

4. Meetup recruitments

Some companies combine social media and networking events to recruit the best talent for companies. It makes use of social media such as LinkedIn to invite potential candidates to restaurants or working spaces whereby the sponsoring company might provide refreshments while senior executive share about more about the company culture and opportunities. While it might be a cost to the company, it may also turn out to be a worthwhile investment to hold such events from time to time as well.

5. Over the top benefits

Large tech companies have been creating headlines with their outrageous benefits such as well-stocked pantry, numerous in-house facilities and generous leave days. Once again, this tech giant - Google - has hit headlines with their generous death benefit that it offers to all its US employees. Should any of its US employees die, their surviving spouse or domestic partner will receive half of the employee’s salary each year for the next 10 years.

Posted in Human Resource