Mr.Prashant Bhaskar , an SIBM Pune alumnus of 1999 batch and currently the CEO of PlugHR ,a company that “sets up, improves or fully runs HR department for growing entrepreneurs across the World” visited SIBM, Pune and addressed the MBA (Innovation &Entrepreneurship) students.
PlugHR is India’s first subscription based HR department. In a simple subscription, it allows companies to set up and run their HR departments at a cost that is at least 30% lower than any other alternative. Currently managing over 30 companies across 7 industries in 5 cities in India,
Mr.Prashant Bhaskar shared with the students on how plugHR manages the entire HR function by deploying its proprietary knowledge model, motivated manager on site and sharp monitoring. He also informed that the areas like organization design, compensation planning, hiring, induction, performance management, training & development and employee engagement get fully taken care of. In short to set up a fully compliant and industry benchmarked HR set up all you need to do is sign up for a plugHR subscription.
He spoke on “HR & Startups” , Prof.Sonal Shree arranged for his session as a part of the part of HRM course for the MAB(I&E) students .
Mr. Prashant Bhaskar shared several innovative practices that is followed in his company. When the students asked on the biggest challenge that he faced during the startup years, he informed that that attracting bright and experienced professionals was a big challenge and then next challenge was the initial funding that was needed. He bootstrapped and ran the business without taking on fixed costs like office infrastructure etc. He also informed that he worked from coffee houses across cities and even parks while maintained sharp eye on revenue opportunities! This was an eye opener for the SIBM MBA (Innovation and Entrepreneurship) students.
The students immensely benefited from his session.
Dr R Raman
Director – SIBM, Pune
Dean -Faculty of Management – SIU