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HRScape

Housing.com cofounders Abhishek


Anand, Sanat Ghosh, Ravish Naresh to
launch Human Resource
Management Startup
Abhishek Anand, Sanat Ghosh and Ravish
Naresh, all cofounders of Housing.com, are set
to launch a product startup
in the human resource
management sector, a
week after resigning from
the Mumbai-based real
estate portal.
http://economictimes.indiatimes.com/smallbiz/startups/housing-com-cofounders-abhishekanand-sanat-ghosh-ravish-naresh-to-launchhuman-resource-managementstartup/articleshow/51985387.cms

Apparel manufacturing to create 1.2


m new jobs in India
Increase in wages in China
can create at least 1.2
million new jobs in India
and could cause over 18%
of women to get into labor force.
https://www.peoplematters.in/news/recruitment/
apparel-manufacturing-create-12-million-newjobs-india13328?utm_source=peoplematters&utm_medium
=interstitial&utm_campaign=learnings-of-the-day

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Tata Starbucks employees to work 5


days a week
Tata
Starbucks
have
announced a five-day work
schedule for all of its 1200+
partners. The initiative will
come in effect from May 15
this year, and by doing so, the company gives
its partners additional 52 personal days off and
greater flexibility in their lives.
https://www.peoplematters.in/news/compensatio
n-benefits/tata-starbucks-employees-work-5-daysweek13336?utm_source=peoplematters&utm_medium
=interstitial&utm_campaign=learnings-of-the-day

Tata Teleservices new maternity


policy aims to double women
workforce
Tata
Teleservices
has
increased its paid maternity
leave to six months joining
the list of companies such
as Microsoft India, Deloitte
and Nestle that made similar announcements
earlier this year.
https://www.peoplematters.in/news/compensatio
n-benefits/Tata-Teleservices-new-maternitypolicy-aims-double-women-workforce-13392

Why HR, and not funds are becoming


Why HR, and not funds are
a headache for startups
becoming a headache for startups

How Technology is helping stop


How Technology is helping stop
Workers Compensation Fraud
Workers Compensation Fraud

Fund-raising may have come easy for startups.


Fund-raising may have come easy for
Its the people matters that appear to be rather
startups. Its the people matters that appear
tricky. For some, establishing a unique culture
to be rather tricky. For some, establishing a
is proving to be tough, while for others its
unique culture is proving to be tough, while
about ensuring new hires remain as engaged
for others its about ensuring new hires
as those who began their careers at the start of
remain as engaged as those who began their
the companys journey.
careers at the start of the companys journey.

Workers compensation insurance fraud is a


Workers compensation insurance fraud is a
serious issue that costs the industry billions of
serious issue that costs the industry billions of
dollars each year. The illegal practice impacts
dollars each year. The illegal practice impacts
insurance carriers and other businesses that
insurance carriers and other businesses that
end up paying higher insurance premiums to
end up paying higher insurance premiums to
offset the cost of the fraudulent claims. Now,
offset the cost of the fraudulent claims. Now,
through the use of technology, there are many
through the use of technology, there are many
ways to investigate a suspicious employee
ways to investigate a suspicious employee
using simple tools.
using simple tools.

https://www.peoplematters.in/news/compensatio
https://www.peoplematters.in/news/compensat
n-benefits/Tata-Teleservices-new-maternityion-benefits/Tata-Teleservices-new-maternitypolicy-aims-double-women-workforce-13392
policy-aims-double-women-workforce-13392

https://www.keyscriptsllc.com/how-technology-ishttps://www.keyscriptsllc.com/how-technology-ishelping-stop-workers-compensation-fraud/
helping-stop-workers-compensation-fraud/

HRScape
Redefining Recruitment: The Uber
Way

Talent woes hurting Indian


Hospitality and Retail Industry

By: Atonu Bhattacharya

By: Atonu Bhattacharya

When it comes to using innovation in their


recruitment strategy, Uber is leading the way
with UberFAUJI, the India rendition of its
UberMILITARY in the US, and UberDOST, its
India-first referral app.

The Indian Retail market is valued at $500 billion


and is expected to grow at 13% to $950 billion
by 2018. The Hospitality industry has emerged
as one of the key drivers of growth in the Indian
Services Sector. Despite being 2 pillars of the
Services Sector, both Industries have struggled
with high attrition, talent acquisition issues and
high payroll costs.
Service Industry Voluntary Attrition (%)

UberFAUJI:
UberFAUJI provides self-employment to exservicemen looking for flexible part-time work
while they look for another job, as well as fulltime opportunities after they end their military
career.
Upon enrolment, the servicemen can either
drive themselves or hire others to drive for
them. Those without a commercial car are also
offered special schemes of easy loans for the
car. Flexibility Plus allows flexibility in terms of
online timings to achieve a perfect work-life
balance.
UberDOST:
Faced with a shortage of drivers for its scaling
ambitions, Uber started a program about 11
months ago to monetarily reward those who
referred good drivers. Often these Dosts have
innovative ideas as to how and where they can
find able drivers and make successful pitches to
them to enroll with Uber.
Ubers Recruitment Strategy:
Strategize your hiring practices.
Establish principles to ensure continuity.
Keep your eyes on the future.
Redefine employee perks.
Source: Entrepreneur, Peoplematters

26.4
16.7
10

21.0 21.4 22.6


18.9 20.7

12.2

(Source: Aon Hewitt Salary Increase Survey 2015-16)

Entry and Junior Management Attrition stands


at more than 35% for both industries combined.
With prevalence of fungible talent, the sources
of talent loss are mostly common for Hospitality
and Retail Industries i.e. IT/ITeS, BFSI and
Telecom Sectors. The key reasons for voluntary
attrition include Inadequate Rewards and
Recognition, External Inequity, Higher
Education, Role Stagnation and Work-life
balance.
While the Payroll Costs as a percentage of
Revenue stands at ~20% for the overall market,
Retail and Hospitality are way above at ~30%.
Ineffective Hiring Practices, Skilled Talent Crisis
and High Regulatory Compliance are some
other critical challenges for Retail and
Hospitality. It is high time that Hospitality and
Retail realign their talent think-tank to adapt to
the rapid growth waiting ahead.
Source: Business Standard, Aon Hewitt Analysis