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Employee performance and welfare roles in Sri Lankan organizations

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  Introduction As a developing nation, Sri Lanka continues to have an impact on all element of the lives of majority of its average citizens, including their quality of life, lifestyle, education, health, and retirement plans decided based on the income from employment. In both government and private sector organizations in Sri Lanka, strengthening welfare facilities for employees is essential for their performance.     Welfare benefits provided by Sri Lankan organizations Sri Lankan companies, provide welfare benefits to their employees can be categorized such as statutory and non-statutory.  (a) Statutory Benefits: Employees' Provident Fund (EPF) & Employees' Trust Fund (ETF): Generally, EPF is governed by the EPF Act of 1958 (currently amended). Under this act, Employers and employees contribute 12 % and 8% of the monthly gross salary respectively)...

Managing Diversity

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  Introduction Establishing an inclusive work environment that values and capitalizes on individual differences, promoting equality, and ensuring equal chances for all. Whereas people with different backgrounds, colors, ethnicities, genders, ages, sexual orientations, and disabilities are all considered diverse.   Diversity management encompasses various aspects of HRM, including recruitment, hiring, training, performance management, and promotion.  Diversity management includes recruitment, hiring, training, performance management, and promotion of human resource management dimensions.   Benefits of managing diversity Higher financial performance According to (Prpic, Nika, 2022) the company’s financial performance significantly increases by having diverse teams on board. Innovation & Creativity A diverse workforce improves innovation by bringing together a wide range of individuals who have different perspectives, experiences, abilities, and insights ...

Employee Relations and Trade Union Actions in Sri Lanka

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  Introduction An organization's efforts to establish and preserve an effective working relationship with its employees are referred to as employee relations. According to (Micheal Armstrong ,2017) ‘‘The approaches and methods adopted by employers to deal with employees either collectively through their trade unions or individually.” Organizations want to retain employees' loyalty and enhance the level of engagement in their work by establishing positive, constructive employee relations. The Industrial Dispute Act No. 43 of 1950 and the Trade Unions Ordinance No. 14 of 1935 govern trade union activities and employee relations in Sri Lanka. This blog discusses about the employee relations and trade union actions in Sri Lanka.   Trade Union Actions T rade unions demand better health and safety regulations or fair treatment (and possibly national minimum wage laws) from organizations to support the overall well-being of workers. On the other hand, trade unions neg...

Remote Work: Challenges on Sri Lankan Organizations

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  Introduction In Sri Lanka, organizations are increasingly embracing remote work as a method of running their businesses outside of the office. Organizations keep encountering many challenges when it involves getting their employees to work remotely.   Challenges Low Productivity and loss of focus on work: Most of the Sri Lankans prefer the extended family structure and reside in the same neighborhood. On the other hand, distractions at home, such as family, friends, and other interactions with others, as well as the homey environments can negatively impact concentration and productivity on work. A new study by Stanford University also points to problems. Namely that productivity drops with remote work (Brower, Tracy, 2023)   Employee relationships/interactions with colleagues Organizations experience c...

Rewards and employee engagement

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  Introduction Any type of compensation and benefits both monetary and non-monetary that are utilized in recognition to motivate employees within an organization referred to as rewards. The level of emotional as well as mental involvement employees possess in their work, and the organization can be described as employee engagement. When employees receive rewards for their performance and involvement in their work, they feel recognized. This results in the engagement of employees. This blog discusses how an organization practices rewards & employee engagement and the benefits. Common rewards programs 1. Monetary rewards: Bonus: Based on employees’ performance or achievement some companies provide bonuses monthly or annually. e.g.: Bravo recognition program by elephant house company. Incentives : When achieving targets or goals, some companies provide specific rewards as incentives. e.g.: 5% sales commission on the total monthly/annual sales target ach...

Selection Techniques in HRM

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  Introduction Effective selection techniques are essential because they ensure that companies choose the most competent candidates, which increases output, lowers dropping out, and enhances performance overall while establishing a positive environment for work. This blog discusses some of the HRM selection techniques.   Application forms, CVs & referrals CVs provide a more complete summary of a candidate's experience and abilities, whereas application forms offer structured information for preliminary screening. This will simplify the process of shortlisting applicants. Referrals can be made by current staff members recommending suitable candidates for available positions. Many research studies indicate that hiring people based on a referral is more successful and efficient (Djurovic, Ana, 2023) The techniques mentioned above are easier, faster, and more affordable for the organization. Interviews Interviews are conducted to assess a candidate's...