A Study on the Performance of HR Policies and Its Implementation of Creation Infra India Private Limited

Flashcards covering key terminology, company profiles, industry insights, and research findings from the study on HR policies at Creation Infra India Private Limited.

Human Resource Management (HRM)

The element in management concerned with acquiring people's services, developing their skills, motivating them to high levels of performance, and ensuring their continued commitment to the organization.

HR Policies

Guidelines, principles, and rules of conduct that govern an enterprise's relationship with its employees and serve as a road map for managers to ensure consistency and equity.

ITCC

Interior Turnkey Contracting Company; a designation applied to Creation Infra India Private Limited as it transformed from a basic contracting firm to a provider of design and allied services.

Core Purpose of Creation Infra

"Improve Life through Innovative Ideas & Services."

The 5 C's to Success (Creation Infra)

A suite of success principles defined by the company as: Commitment, Capability, Capacity, Comprehensive, and Customization.

FDS

Functional Design Specification.

VS

Visualization Software.

GCC

Gulf Corporation Council; the region where the founder of Creation Infra delivered multimillion dollar infrastructure contracts during a $23$ year career.

Interior Design (Industry Definition)

A crafty science enhancing the interiors of a space to achieve a healthier and aesthetically pleasing environment, comprising architects, designers, and trade members.

Simple Random Sampling

A sampling technique used in the study where every item in the population has an even chance of being selected, essentially serving as a method of chances.

Primary Objective of the Study

To study the amendments made in the HR Policies of Creation Infra India Private Limited at the time of incorporation.

Recruitment Placement Source (Majority)

The study found that a majority ($45.1\%$) of respondents found jobs and placements through websites.

Performance Appraisal (Frequency Result)

The majority ($39.1\%$) of employees in the study reported that performance appraisals are conducted half yearly.

Statutory Obligations of PF & ESI

Legal requirements where the company typically complies with contributions such as PF at $12\%$ and ESI at $0.75\%$ or PF at $8.33\%$ and ESI at $3.25\%$.

Primary Reason for Quitting (Result)

Based on study data, the leading reason for employees leaving their jobs was "Career change," accounting for $35.3\%$ of respondents.

$360$-Degree Feedback

A suggested method for the organization to evaluate employee performance, intended to replace or augment the current appraisal system.

Descriptive Research Design

The specific research structure used in this project to analyze the effect of human resource policies on organizational performance.