Things what Infosys, NIIT are doing to retain talent
The tough macroeconomic environment has prompted companies to
enhance their focus on people in an attempt to retain and engage top
talent. Companies like Citi India, Infosys, Maruti Suzuki, Essar Group,
RPG, and NIIT, among others, have focused increasingly on innovative
rewards and recognition, talent development, workplace bonding
initiatives and family connect programmes to tide over the uncertainty
and boost employee morale.
Citi India has redesigned its performance management strategies, in
addition to introducing new career planning interventions and employee
assistance programmes. Besides assessments of regular training sessions
and workshops for managers, Citi made their online training programmes
more robust.
It also introduced initiatives like 'career week' and a
'leader-teach-leader' series whereby senior executives coach employees
through experiential learning exercises.
"We continued to invest in our leadership curriculum and also have
created a reward strategy based on long-term goal achievements," says
Anuranjita Kumar, country human resources officer, Citi India.
Last year, Infosys introduced an initiative called Pathfinder Next, an
internal internship programme. Employees work on internal assignments
that enable them to have access to opportunities across technology,
business domains, service lines and support functions, choose
opportunities that suit their career interests and have a platform to
innovate and build new skills.
"The focus was on enhancing resource efficiencies and bridging skill
gaps," says Richard Lobo, AVP and head - employee relations at Infosys.
The re-skilling of employees has enabled companies to reduce cost and
dependency on external hiring. Companies have implemented most of these
measures over the past one to two years, even though the strategising
has taken place over aperiod of time to address needs emerging out of
the prolonged slowdown that started in 2008.
"The rigour in framing these policies and managing people went up
manifold during the period starting 2009, because the penalty of making a
mistake was much higher compared with the gain in being successful,"
says Nischae Suri, head, people and change practice, KPMG India.
Companies like Essar have consciously started using mentoring and
reverse mentoring to address the needs of a multi-generation workforce
of the future. "Creating a burning desire in minds of the young where
they believe they have something significant remaining to be achieved,
really makes people go for their goals," says Adil Malia, group
president (HR), Essar Group.
Maruti went in for a change in strategy and decentralised its HR
function, with dedicated HR teams attached to individual verticals.
"This speeds up decision making, helps in evolving customised solutions
and ensures faster feedback," says SY Siddiqui, chief operating officer,
administration. Last year, the company enhanced focus on a programme
called 'Parivaar Milan' where family members of employees visit their
factories in groups, mostly on a Saturday.
Employees are invited to accompany their families during the day,
wherein they show off their workplaces. Later, the heads of
manufacturing, HR and other areas talk to the families about the
company's plans and achievements in an informal setting.
RPG looked at organisational structure and head count for some of their
key businesses through an internal taskforce, and made changes that
resulted in a better economy for the company.
In one of its engineering businesses which was not doing well, for
instance, the company set up a task force that suggested a complete
overhaul of strategy. This included a look at new business areas,
customer segment to target, and even the entire structure of the
organisation (the HR aspect), says Arvind Agrawal, president - corporate
development & HR, RPG Enterprises. Accordingly, certain divisions
were merged and people were moved to where they were required and the
roles they suited best in the new structure besides training people in
new areas of expertise and hiring people wherever required.
The implementation has taken place over the past four to five months, and yielded a 15% to 20% reduction in people cost.
NIIT brought in the concept of Learning Cliniques, which includes
handholding participants to help them make positive change in behaviour
based on classroom learnings. Greater focus on leadership development
has also been brought in, and talent mobility within the organisation
became an important area of focus. It took up internal job postings on a
war footing.
"We leveraged the multi-business nature of NIIT and were able to show
long-term career paths to most NIITians within the company itself," says
Shampi Venkatesh, chief people officer. The company also facilitated
senior leadership connect and conversations with teams.
Source : TOI
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