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This firm is known for being successful with international corporate and commercial, litigation, and arbitration and intellectual property in law. The company was founded by Ravi Singhania and Manju Mohorta. Ravi Singhania was the founder and managing partner while Mohorta was the Chief Executive. Both Ravi and Manu were concerned about the HR practices currently used by the firm and if the company faces human resource risks. It seemed that the firm is facing a high attrition rate in the Indian legal services industry and this is causing an alarming problem. There has been a shift between legal firms and partners. It seems the entry of foreign law firms into India could create more competition between law firms. They should focus more on gaining trust of their employees. Gaining the respect of your employees will create positive work environments and relationships within the firm. It would also deflate stress and uncertainty while being in that work
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Basically an evaluation / appraisal scheme is a formalization of what is done in a more casual manner anyway (e.g. if there is a vacancy, discussion about internal moves and internal attempts to put square pegs into 'squarer holes' are both the results of casual evaluation). Most managers approve merit payment and that too calls for evaluation, made a standard routine task, it aids the development of talent, warns the inefficient or uncaring and can be an effective form of motivation (Richards, 2008). Compensation Strategy is one of the most important strategies in the HRM function as it influences the costs of the organization and potential bad decision can lead to very serious damages to the organization (Richards, …show more content…
Today, a lot of people are chosen for a job on how they look or because they know someone which isn’t fair to the person who actually has the experience to complete the job. Even if you don’t have that much experience for the job but your educational background introduces you to what the job entails you should still be giving a chance to perform at your best. Most college students are not giving a chance to start a job in their major because you’re expected to have 5 to 7 years’ experience early on but how do you obtain that if you’re learning the basics of what is expected in that particular field? I feel if you were introduce to what the field entails then you should be given a chance to perform the task either way you will be trained to do that job
Basically an evaluation / appraisal scheme is a formalization of what is done in a more casual manner anyway (e.g. if there is a vacancy, discussion about internal moves and internal attempts to put square pegs into 'squarer holes' are both the results of casual evaluation). Most managers approve merit payment and that too calls for evaluation, made a standard routine task, it aids the development of talent, warns the inefficient or uncaring and can be an effective form of motivation (Richards, 2008). Compensation Strategy is one of the most important strategies in the HRM function as it influences the costs of the organization and potential bad decision can lead to very serious damages to the organization (Richards, …show more content…
Today, a lot of people are chosen for a job on how they look or because they know someone which isn’t fair to the person who actually has the experience to complete the job. Even if you don’t have that much experience for the job but your educational background introduces you to what the job entails you should still be giving a chance to perform at your best. Most college students are not giving a chance to start a job in their major because you’re expected to have 5 to 7 years’ experience early on but how do you obtain that if you’re learning the basics of what is expected in that particular field? I feel if you were introduce to what the field entails then you should be given a chance to perform the task either way you will be trained to do that job