Submit your email address to recieve the latest updates on news & host of opportunities. INTRODUCTION • Pantaloon Retail (India) Limited, is a large Indian retailer, part of the Future Group, and operates in multiple retail … Human resources professionals have a unique challenge when working in the retail sector. HR Practices have moved on from their previous identity of just being an operational and support function, to becoming a strategic partner for the organisations. Conflict Minerals Policy Target supports the humanitarian goals of the U.S. However, the company is a large organization. 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Indian Retailer exclusively covers retail business news...Read More. HR policies comprise a set of rules and regulations regarding how a company’s employee or a team are to be treated by the firm, the benefits that they will receive, the hiring and termination processes, and … Diversity and Innovation Talent Retention HR policies are not only for effectively drawing rules for employees but also to recognize their needs, respect their thoughts. HR leaders in the sector say this gives you the necessary focus and commercial outlook to thrive in an industry that is … © 2019 www.azcentral.com. These practices in a way paves the way for future progression of any organisation, as well as for the entire workforce. What to Know About HR in a Retail Store. Employees of both stores should wear closed-toed shoes. If you’re going to drug test employees randomly or at various points through their employment, then you should have a policy … delight...like 1. Several HR programs and policies are developed to ensure a constant identification and nurturing of a diverse workforce. Retail organisations nearly comprise 70 percent of their staff as frontline sales people who are either freshers or less experienced. Though it is challenging enough to find the right people with the desired skill set, however, more challenge lies in retaining a competent workforce. At times, this capacity building also helps in locating/developing in-house talent, which in turn saves them the time and investment which would have otherwise been incurred for a new hire. Sales associates who punch in a few minutes early for meal breaks could bloat payroll cost over time, while not tracking vacation and personal days taken could lead to overpayment. 2. Let’s take a look at couple of best practices which have had a significant impact on the retail sector and have shaped the present industry outlook as well as defined the growth projections for the sector: Competency Mapping Many HR practices have been built around this core task. Balancing Hiring and Training. This means, while most HR planning is carried out at the executive level, each store around the world has its own dedicated HR managers. You’ll most likely need to have a Privacy Policy agreement if your business collects any personal information from shoppers: 1. After all, HR practices are like the catalysts for enabling any establishment to achieve its organisational objectives. Below is a list of the 5 most import human resource policies an organization should have in place. Several HR programs and policies are developed to ensure a constant identification and nurturing of a diverse workforce. Hours of operation: Employees need to know not only when the store … However, one shoul… How Does Downsizing Impact the Role of Human Resource ... How Does Downsizing Impact the Role of Human Resource Management? Safety & Security Policies – “Each year, American retailers suffer billions of dollars in crime losses,” … What Challenges Face a Human Resource Manager With Regard to Workforce Availability & Qualification? Apart from these, there are several more HR functions which play an extremely crucial role in defining the present-day organised retail sector. Drug Testing Policy. Her work has appeared in "Quarterly," "Pennsylvania Health & You," "Constructor" and the "Tribune-Review" newspaper. What Are Two External Environmental Factors That Affect Human Resource Management? Outlining every organizational policy … Hence, their proper training and overall grooming becomes of supreme importance. Company shirts are to be laundered by employee and kept neat in appearance. Some retailers have the luxury of a loss-prevention department to assist HR; in stores without such a department, HR must have a protocol in place for legal considerations. Handling related terminations falls on HR's shoulders. In response to updated regulations, laws, personnel, payroll and human resources best practices, the Manual is subject to change at any time with Board of Director s and Policy Council … Rising consumerism, expanding customer base and an unceasing yearning for further growth, retail is often even termed as one of the ‘most promising' industry sectors. Security policies. And detailed information about these Human resource policies … Hansen’s Farm Fresh Dairy pays retail … The recruitment-hiring-onboarding process becomes a way of life for HR-entrusted managers in retail thanks to the industry's high turnover. Part III shows the HR challenges faced by the Indian organized retail industry. Creating an Employee Handbook: What HR Policies to Include. Not implementing any one of these policies could open your company up to various liabilities and risks. Finding reliable, customer-oriented people who accept flexible working hours tests HR tenacity; training and mentoring them consumes time. Each year, American retailers suffer billions of dollars in crime losses. With the help of well researched policies and interventions, HRs are able to anticipate the industry trends in advance, timely identify imminent business needs and steadily populate a pool of future-ready talent. Internal theft haunts many retail establishments: industry employees stole $34.5 billion in 2011, according to the National Retail Federation. Part I gives an overview of the India retail industry. Basic Retail Store Policies Examples The basic rules of store operation should be simple to spell out, but it's still worthwhile getting them down on paper. Trudy Brunot began writing in 1992. Walmart begins by taking a stratified approach to the programs and solutions it applies when planning out its HR strategy. The high turnover commonly experienced in retail creates a mountain of paperwork for its HR professionals; however, familiarity with programs such as the Work Opportunity Tax Credit, or WOTC, can bring welcome tax credits. While organised retail setup is steadily expanding its reach, the corresponding surge in the demand for talent has underscored the need for effective HR practices. An effective and scientific talent assessing practice wherein a person’s skills, aptitude, strengths and weaknesses etc. Employees lie at the heart of retail: a great location, enticing merchandise and attractive prices mean little without employees to serve customers. Because many retail stores are open on holidays, HR deals with premium pay policies and must budget accordingly. 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