PRODUCTIVITY LOSS DUE TO SOCIAL NETWORKING SITES

PRESENTED BY:DHAWAL TANKD S PRASANTIDIL BAHADUR YADAVDINKAR BHARDWAJ JAYAKRISHNAN

FINANCIAL IMPACT OF HUMAN RESOURCE MANAGEMENT ACTIVITY:other things being constant, it is being assume that

employees who are dissatisfied with their job and who are not engaged at work or committed strongly to their employers will tend to be absent or late at work, to quit more often, and to place less emphasis on customer satisfaction than those whose attitude are positive.

FACTORS AFFECTING PRODUCTIVITY OF ORGANIZATIONAbsenteeismStrikes & Work StoppagesAccidentsSocial Networking

Employee Underperformance: Determining Factors Their natural ability to learn and perform the work

activity (i.e. aptitude). The employee’s skill level. The employee’s comprehension of the task. To

satisfactorily complete a task, the employee must be aware of what is expected.

Motivation

THE COSTS OF EMPLOYEE UNDERPERFORMANCE

The proficient use of computer technologies in the workplace has not only benefited productivity, but has also created its own set of problems.

A survey conducted by Digital Life (Hung, 2007). One hundred participants from SurveyMonkey.com were asked about their so called “office abuses”. The results included:

1. 78 of those surveyed conducted personal phone calls at work;

2. 77 surfed onto websites and forums not related to work;

3. 76 sent personal messages;

4. 72 sent emails;

5. 33 browsed YouTube; and,

6. 28 updated their blog (Hung, 2007).

PRODUCTIVITY LOSS DUE TO SOCILA NETWORKINGA random survey conducted by the ASSOCHAM Social

Development Foundation (ASDF) in which nearly 4000 corporate employees were interviewed between age group ranging from 21-60 years

ASSOCHAM’S FINDINGEach day an average corporate employee spends an hrs

daily on social networking sites.Due to this companies lose close to 12.5% of total

productivity each day.82% workers have facebook account.77% of workers who have orkut account use it during

work hrs.50% accessed their facebook account.83% of respondents felt there was nothing wrong in

surfing during office hrs.84% preferred to use break times to surf the internet.15% said they share intra information on S N S. it also reveals that 93% of youngesters are aware of S

N S.

INCREASING ATTRITION Companies of IT/ITES sector facing up to 50% employee

attrition.Hence employees are banned from accessing all job sites.The Main reason behind this to prevent employees not

allow to spend noble time applying for job elsewhere.

TOP TEN WAYS TO RETAIN GREAT EMPLOYEES Managers readily agree that retaining your best employees ensures

customer satisfaction, product sales, satisfied coworkers and reporting staff, effective succession planning and deeply imbedded organizational knowledge and learning.

1. By Selecting the right people in the first place through behavior-based testing and competency screening.

2. By Offering an attractive, competitive, benefits package with components such as life insurance, disability insurance and flexible hours.

3. By Providing opportunities for people to share their knowledge via training sessions, presentations, mentoring others and team assignments.

4. By giving respect for employees at all times. Listen to them deeply; use their ideas; never ridicule or shame them.

TOP TEN WAYS TO RETAIN GREAT EMPLOYEES cont.

5. By Offering performance feedback and praise good efforts and results.

6. By Involve employees in decisions that affect their jobs and the overall direction of the company whenever possible.

7. By Recognize excellent performance, and especially, link pay to performance.

8. By Provide opportunities within the company for cross-training and career progression. People like to know that they have room for career movement.

9. By Communicate goals, roles and responsibilities so people know what is expected and feel like part of the in-crowd.

10. By encourage employees to have good, even best, friends, at work.

Why Employee retention mattersOrganizational issues such as training time and

investment; lost knowledge; mourning, insecure coworkers and a costly candidate search aside, failing to retain a key employee is costly. losing a middle manager costs an organization

up to 100 percent of his salary. The loss of a senior executive is even more

costly. estimates of double the annual salary and more.

FOLLOWING THREE TOP REASONS FOR SEARCHING A NEW JOB:

53 percent seek better compensation and benefits.

35 percent cited dissatisfaction with potential career development.

32 percent said they were ready for a new experience.

THE FOLLOWING THREE PROGRAMS EMPLOYERS ARE USING TO RETAIN EMPLOYEES:62 percent provide tuition reimbursement.60 percent offer competitive vacation and

holiday benefits.59 percent offer competitive salaries.

INTERNET ADDICTION

ATTRITION IN IT COMPANIES