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Past Issue: APRIL 2012
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What would you want to get trained on?
By Deepa Kapoor, Vice President - Diversity & CSR, Genpact
Apr 2nd 2012
Our world class training program is amongst the biggest and most significant non-cash component that helps us attract, retain and engage people.We invest in our people to develop the right skills for them to be able to do the required job. We provide different types and levels of soft skills and professional skills trainings wherein we have alliance with some top institutes like Harvard and other universities for specialized domain skills trainings like executive or part time MBAs, CA, Project... Read more »
Employees as stakeholders
By Elizabeth Nanda, Chief of Human Resources & Training, Fabindia
Apr 2nd 2012
At Fabindia, what we would refer to as non-cash benefits, would be ESOPs, recognition and opportunities and insurance covers for our employees.Employees have viewed the ESOP as yet another means that the company has looked at, for sharing the profits with its employees. A lot of employees have looked at this as a means of wealth creation and have truly valued this reward mechanism. When employees were given an opportunity to sell their shares, most of them decided not to sell as they were conf... Read more »
‘Mingle’ to engage employees
By Gokul Santhanam, Senior Vice President & Head - Global Compensation & Benefits, MphasiS
Apr 2nd 2012
A popular belief is that cash works, which is not entirely true. We strongly believe that non-cash components also make a huge difference. One thing that works really well is that we are open to the idea of employees working from home and to that effect, we have a short-term work from home and a long-term work from home. Short-term would mean for example an employee’s child is not well, so he/she can apply for a short-term work from home. Long-term applies to cases where an employee need... Read more »
‘We care’
By Rajesh Rai, Director - HR, United Colors of Benetton, India
Apr 2nd 2012
I go beyond compensation as the domain when talking of non cash components – this is because the line has blurred when it comes to how employees can be engaged with various benefits – and those benefits can come under the umbrella of beyond just compensation. Non cash components represent a vast area of opportunity for engaging employees. This umbrella includes everything from providing various insurance benefits to offering various ways of rewarding employees. It also includes off... Read more »
Valuing employees - an IHG commitment
By Saikat Chatterjee, Manager Talent & Leadership Development, India Middle East & Africa, InterContinental Hotels Group
Apr 2nd 2012
We have a very clearly defined employer value proposition, which is based on insights that we got from our employees as well as prospective employees outside of our organization. People told us that they look at two things – ’They want to be treated as an individual and be recognized for what they do’. Based on this, we have clearly articulated our value proposition and we call it the IHG Commitment. Our commitment is to give our people ‘room to be yourself’, whic... Read more »
Equating work-life balance
By Sangeeta Singh, Partner - Human Resources, KPMG
Apr 2nd 2012
KPMG India is deeply committed to building a culture of performance. Total Rewards is in sync with performance development and utilizes cash and non-cash incentives as tools to reinforce desired employee behaviors. Learning & development programs, exposure to global opportunities and internal mobility between functions, helps address skill enhancement and career development needs of employees.Other unique policies, like part-time working arrangements, paternity leave, sabbatical, shared le... Read more »
Acknowledgement goes a long way!
By Sanjay Rawat, Vice President & Head - Academics, Aegis Global Academy, Aegis
Apr 2nd 2012
Within non-monetary incentives, the most relevant element that we can offer our employees, is the acknowledgement of people through rewards and recognition. This can be further divided into ‘open conversations’ and ‘acknowledgement’. Having an open conversation and acknowledgement of opinion on critical processes, instills trust and goodwill in the system. Basic respect, people orientation and ‘employee first’ mindsets, are necessary ingredients for creating... Read more »
Recognizing achievement
By Vivek Tripathi, Chief Human Resource Officer, Lava International Ltd.
Apr 2nd 2012
At Lava International, we have several non-cash recognition programs for engaging and retaining employees. We believe that recognition of an individual or team in front of peers, and team celebrations, do more to enhance motivation than cash awards.We have launched an internal initiative to double our revenues in the next 4 months. As part of this initiative, there is a team dinner and celebration for all the branches that achieve their targets. This has been very effective in building team sp... Read more »
‘One Simple Thing’
By Yuvaraj Srivastava, Vice President - HR, PepsiCo India Holdings
Apr 2nd 2012
Non-cash components at Pepsico are extensively considered for engagement initiatives. We have career opportunities for people across the function and businesses. Internal job postings are leveraged extensively to ensure visibility of available opportunities to all employees. This helps in career moves across different branches and divisions as per the skills and competencies. An employee who is working with Pepsico knows the length and breadth of opportunities that the organization can offer i... Read more »
Leadership & Management
A Leader’s Combat Zone
By Prof. (Col.) Sudhir Raje, Professor, Atharva Institute of Management Studies
Apr 2nd 2012
Business in the globalized economy is a civilized version of war. Companies, not countries, are battlefield rivals and we have entered the era of total competition. There is a battle-ready competitor somewhere, who is busy thinking how to beat you. The ancient Chinese Strategist Sun Tzu who wrote ‘The Art of War’ said “Rules of the war never change only weapons change”. Many methods used in sales campaigns, marketing strategies and competitive tactics, are in fact base... Read more »
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