The main features of Haier’s HR Policy are listed below
- The appraisal system is transparent for every employee.
- The low performers are offered training and offered demotion in case they fail to improve. At times, they are even dismissed.
- The details of employees being promoted, rewarded and dismissed are regularly published in Haier’s internal magazine.
- In addition to that, instead of giving hike to its employees, Haier rewards Chinese employees with a share of the organizations’ profit depending upon their performance.
Haier follows Maslow’s hierarchy of needs for its reward management. Haier understands the needs of its employees and does its level best to keep them satisfied and engaged at work.