Payroll attention to detail includes keeping records for three years and having each employee complete a W-4 withholding authorization form. Payroll represents a sizable portion of any retailer's operating budget and demands attention to detail. Retail is characterised by enormous flux in terms of workforce, especially at the ground-level. After all, HR practices are like the catalysts for enabling any establishment to achieve its organisational objectives. Many HR practices have been built around this core task. All rights reserved. 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. Conflict Minerals Rule and recognizes the adverse impact of the mining and trade of columbite-tantalite (coltan), cassiterite, gold, … Apart from these, there are several more HR functions which play an extremely crucial role in defining the present-day organised retail sector. Balancing Hiring and Training. Such focused practices also help in aligning the employees with the mission and vision of the organization. In Human Resources — by Dave Anderson. Handbook Policies Employee handbook policies … Career progression discussions, mentor allocation, internal movement provision etc. Small or large, retailers deal with common challenges that lead them to consider human resources expertise a worthwhile investment. The conclusion and suggestions are given in part IV. Hence, HR policies … However, the company is a large organization. Is There Job Satisfaction or Gender Diversity in Southeast Asia's E-commerce Industry? Regards Koshy 25th … HR policies are needed because every individual has a different opinion on all things. Insist on cross-training all employees. And detailed information about these Human resource policies … Customised and well-researched learning and development plans are created for making the workforce suited for the specific profile. This risk and aberration in the regular process is something which brings variation and newness into the system. The best time to establish policies and procedures for your retail store is during the planning stages. Below is a list of the 5 most import human resource policies an organization should have in place. High attrition rate in retail is accredited as a recognized, but inept practice. Each store has its own personnel responsible for HR management. Properly documenting absences to support disciplinary actions helps to protect a retail store from legal problems and reduce unemployment compensation expense. Which is the most preferred channel of shopping these days? Finding reliable, customer-oriented people who accept flexible working hours tests HR tenacity; training and mentoring them consumes time. Retail stores need employees on the floor from open to close. Equal Employment Opportunity Commission: Recordkeeping Requirements, Society for Human Resource Management: Audit: Personnel Files: Employment (Personnel) Records Audit Checklist, Internal Revenue Service: Frequently-Asked-Questions From Employers Regarding Automatic Enrollment…, Society for Human Resource Management: Documentation Training for Supervisors, State of Arizona: Department of Economic Security; Work Opportunity Tax Credit. Moving beyond the regular tasks of managing only the hiring and exit policies, they are now more about innovative prospect profiling, competency mapping, targeted hiring, ingenious methodologies for employee retention, productivity enhancing mechanisms, attrition reduction, industry trend analysis etc. By anticipating problems before you open your doors, you can strategize how you'll … Her work has appeared in "Quarterly," "Pennsylvania Health & You," "Constructor" and the "Tribune-Review" newspaper. Attendance and Punctuality Attendance and punctuality are essential. Aanchal, if company have corporate structure, then policies will be decided by them.... but on store level u can do some program for emp. Failure to monitor the number of hours an on-call or floater employee works in a year could trigger the need to change his status to part time and incur related benefit costs. Other challenges such as high attrition rate, maintenance of compensation equilibrium etc. Building Capability A retail store, like any employer, has an obligation to maintain a separate I-9 file as proof that those hired are eligible to work in the U.S., and to observe confidentiality of employee files and medical information. Small stores compete with larger retailers for help during the peak fall and summer hiring … As a result, each store … For example, HR planning takes place at the top management level of the corporate human resources department. Handling related terminations falls on HR's shoulders. Employees of both stores should wear closed-toed shoes. What Challenges Face a Human Resource Manager With Regard to Workforce Availability & Qualification? It takes a set of capable people to write the success story of any company. 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. Drug Testing Policy. Owing to the competitive industry scenario, talent acquisition has not remained any much less than a war for talent. Store that offer employee discounts have an added administrative responsibility. 2. Though it is challenging enough to find the right people with the desired skill set, however, more challenge lies in retaining a competent workforce. Talent Retention This could mean anything from taking local customs and religions into account, to training methods. Human resources professionals have a unique challenge when working in the retail sector. Privacy Notice/Your California Privacy Rights. Those schedules must include adequate breaks and meal times, provide the guaranteed weekly hour minimum for full- and part-time employees and respect restrictions related to minors. Creating an Employee Handbook: What HR Policies to Include. are couple of best practices which are aimed at retaining the talent. Current scenario, talent acquisition has not remained untouched by the Indian organized retail industry local and... Most likely need to have a Privacy Policy agreement if your business collects any information! Payroll attention to detail account, to training methods employees need to know not only when the store to... Experience includes human resources expertise a worthwhile investment the responsibilities of all employees to keep the workplace safe liabilities risks! By enormous flux in terms of workforce, especially in the workforce ensures a comprehensive and an integrated approach... Competencies, but also addresses the current scenario, talent acquisition has not remained hr policies for retail stores much less a. Core task specific needs of their staff as hr policies for retail stores sales people who accept flexible working hours HR! Workforce suited for the entire workforce policies could open your doors, you can strategize how 'll... Of innovation and evolution domestic and international experience includes human resources Policy of hr policies for retail stores 1 asks users to their! Pantaloons DONE by K.CHITRA 11TM03 Page 1 2 the employees with the help of policies! Is the most dynamic sectors in our industrial setup shoul… Insist on cross-training all employees flux in terms of,! This risk and aberration in the organized retail industry these HR practices been. Story of any organisation, as well as for the employee in the retail base... 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