Bonus Money Bank—The On-Call Associates Program

Navneet Priya SIMS BATCH 2014-2016 navneet.priya2016@sims.edu

Akhil Unnikrishnan SIMS BATCH 2014-2016 akhil.unnikrishnan2016@sims.eduPh no: 7028055573

Team :

NavKill!

BMB’s Culture• Engaged in the success of the client• No drama no politics, collaborative and team work

oriented and values based• Natural tendency to help people• Values: Dedicated, driven, enterprising and ethical• Committed to people development

Issues causing Worries………• The light at the end of the tunnel• Mummy track and Family mode• Men outnumber Women in Senior Executive level• Loosing talented ladies

Statistics• 2010—Woman 47 % of labor force• 73% of woman employers in full time positions• Earned 81% of what men earned• Women represent just 3% of Fortune 500 CEOs to 4.2% in 2013

Benefit of the Program!!!!!

• No career slowing• When needed help—always

there• Flexible project work• Converting annual salary into

an hourly compensation• Value for experience• Maintain the skills• Protective of their time• Right people to work with

• Compensation hourly• Equity in company• NO formal performance review• Freedom to choose project and

time• Making your life WORK• Promotion on return to full

time• Retain top target• Critical and good job doing

rewarded

Cons of the Program and the realization

•Attitude of workers changed• It requires break fast meetings, dinners, travels and a lot time.•Age of a woman to be the main concern•Choices being questioned• Investment mentality to human resource•Division of skill of employees•Male employees not getting benifited

A Step Safe……

• A pool of “Work at home” labors

• Divert the traffic and people depending on the demand• Provision to bring kids to office

What went wrong, Rectification And Generalization of the Project!!!!!

• Doubt regarding the project among workers• Fed up of working kind• More family oriented workers

• Change of attitude

• Flexible of communication

• Unique system for ladies

• Team works and team players

• Awareness about the project• Clarity during recruitment process• Search for similar projects• Cut off the negatives in public

Policy level Change• Advanced recruitment

Specific statergic lady employee recruitment Adopting a new standard by recruiting married people Promote as a women friendly environment during recruitment drives and events

• Events Benefits for life events- marriage, child birth Cultural events during special women days – Mother’s day, Woman Empowerment

days Integrated Life style development- A personalized automation of an

individual work system

• HR level Independent unit in HR level for women centric issues Counselling on personal issues and conflicts 24*7 monitoring on concerned employee Easing of Salary norms during maternity Flexiblity in communication Dedicated training on importance of women in banking and economic sector

Laws under Order…..• Right to an adequate means of livelihood (Article 39(a)); and equal pay for equal work for

both men and women (Article 39(d))

• The Maternity Benefit Act 1961, creates rights to payments of maternity benefits for any woman employee  Equality of opportunity for all citizens in matters relating to employment or appointment to any office under the State (Article 16)

Laws to be structured & measures• Right to fight for the demand in work place• Right to decide the future

• Awareness to various laws

relevant HR support for law implementation

• Fight for the employee

Thank You• Bibliography: Bonus Money

Bank—The On-Call Associates Program by SIMS Women Cell • http://

ncw.nic.in/frmLLawsRelatedtoWomen.aspx : National Commission for women