On March 1, 2022, the news of Ashneer Grover, the co-founder and director of BharatPe, resigned from his position just a few days after the company hired the services of his wife and the company’s head of control, Madhuri Jain Grover. , had ended.
The decision comes a few days after he lost an arbitration he filed against the fintech’s decision to launch an investigation against him, at the Singapore International Arbitration Center (SIAC). The controversy at one of India’s best-known fintech companies started after an audio clip surfaced online in which Grover allegedly abused an employee of Kotak Mahindra Bank.
In his letter of resignation, Ashneer Grover spoke of being treated unfairly by management and how the company “expelled” him because of his “vested interests”. He claims it was an attempt to get an unwanted founder to leave his position by making him a “rogue of the piece.” In his letter of resignation, Grover shared his disappointment, saying, “Today I am being vilified and treated in the most disgraceful way.”
Looking at all the allegations from both sides, it’s too early to draw any conclusions, but the resignation of Ashneer Grover is a major HR management lesson for any organization, especially a new and growing company.
Lesson 1: HR management despite hierarchy
HR management is often believed to be a set of processes that target the employees who are low in the organizational hierarchy. This is certainly not the case. Regardless of the position you hold within a company, human resource management will always play an important role in your relationship with the organization.
Over time, the importance and relevance of seamless HR management has grown across the board. From the board of directors to the freshmen, every individual working within an organization is unique and dynamic.
Lesson 2: Disagreements and resolution are part of the job
Today, it doesn’t take much to create misunderstandings, which lead to unwanted arguments and disagreements that quickly escalate. Especially now that we are moving away from the conventional workplace and setting up hybrid workplaces, the need for efficient HR management is enormous.
Regardless of which industry a company belongs to and on what scale it operates, it is always important to focus on building powerful HR machines within the organization that can handle disagreements and conflicts in an organization in a healthy way.
Lesson 3: Strengthen HR, listen to employees
It is important to move away from the idea that HR’s role is limited to hiring and firing employees. The HR department is arguably the busiest department in an organization and has a responsibility to ensure the well-being of the employees. From ensuring effective communication to handling disputes, HR professionals perform a range of different tasks to restore a conducive work environment. This should never be taken lightly.
— Written by Chitiz Agarwal, founder of Company Bench
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