Tanu Prabhakar work as a Strategic HR Leader with 12 years of global & diverse sectoral experience in MNC’s & Indian Organizations covering Pharmaceuticals, Health Care, IT & ITESS. She has extensive experience in employee development, mediation, conflict resolution, benefits and compensation, HR records management, HR policies development, legal compliance employee recruitment and retention and managing a full spectrum of human resources.
Q. There has been news that migrant workers may also get ESI benefits. So how important is benefits and compensation for the employees?
A. Compensation is important for both organised and unorganised sector. However, benefits are really important to keep the employees motivated and attract talent into the organisation. Compensation is an attracting factor for employees to join the organisation but definitely, benefits make an organisation the best place to work. So when you provide benefits which are as per the law that you need to provide, but if you want to lead the market, then organisations would certainly go for best industry practices. Something like health insurance or ESI, which is compulsory for the firms to enrol themselves for ESI and give benefits to employees who are earning less than Rs 21,000 as their gross income.
However, some organisations do give group health insurance benefits or personal accident benefits or term life insurance. Through this, they protect their employees from any kind of unforeseen situation. Thus, employees will also feel secured to work with the organisation.
Not only health benefits, but there are also other benefits like the organisation offers free food meals and even transport facilities.
Q. In which ways can organisations help in employee development during this crisis?
A. There are a lot of online courses on digital platforms which help in the development of employees who are working from home. With remote work becoming the new normal, the role of HR becomes very imperative in terms of engaging as well as developing the employee and also to see that business productivity is coming. The HR is facilitating the employees to enrol in online training programs available and also facilitating the virtual training classes which prior to the pandemic were physical classroom training sessions.
Q. With nearly 12 years of experience, how do you see HR develop and will develop over the years?
A. HR is something which is a very dynamic function in any organisation. When talking about the history of Human Resources, earlier we used to only have this personnel management employee. Then over the years, you started having professionals like Human Resources Professionals which was a support function. They used to take care of payroll, leave attendance, HR compliances etc. Later on, there was diversification in Human Resources and again their function evolved.
Now HR is a developing business strategy and business also sees it as value addition, not only in terms of employee development but also to help business function more efficiently. This new normal will certainly continue and help the department develop over the years.