Article: Bajaj Finance empowers employees through skill development programs

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Bajaj Finance empowers employees through skill development programs

Bajaj Finance's people-enabled business strategy starts with attracting and retaining talent with an entrepreneurial zest while constantly challenging the status quo
Bajaj Finance empowers employees through skill development programs

Recognizing people as the biggest asset, Bajaj Finance concentrates on the practice of facilitating and driving growth by empowering employees with various skill development programs while enabling them to achieve business and personal growth. From keynote speakers at Confluence (the company’s quarterly townhall), customer obsession, to employee wellness programs, to learning & development — Bajaj Finance uses an entire gamut of initiatives to ensure that its employees are inspired at work and beyond. The company’s people-enabled business strategy starts with attracting and retaining talent with an entrepreneurial zest while constantly “challenge the status quo”.

At Bajaj Finance, the philosophy is to maintain complete transparency and allow employees to take control of their own career paths. Its unique IJP process ensures that each employee receives the option of lateral movements across the organization as a practice. The auto-promotion policy at Bajaj Finance allows eligible employees at a certain level to be automatically promoted to the next grade, basis their achievements and performance. While this helps the organization to glue up the culture, it also helps employees gain cross functional knowledge through different roles in different businesses.

Bajaj Finance has also designed a module to define the organization’s competency framework that diagnoses, analyzes and identifies key success factors as per role in the organization. The company also has a customized learning and development program which enables the employees to upgrade role based and leadership skills. One of its flagship programs, “Super Manager Studio”, aimed at first time managers, has been recognized as one of the most innovative practices in the industry.

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Awards at Bajaj Finance have been designed to provide equal opportunities to all employees and the company believes in rewarding, appreciating and recognizing the efforts of its employees and values the contributions of the employees’ families in supporting them to excel.

At Bajaj Finance, the unique IJP process ensures that each employee receives the option of lateral movements across the organization as a practice

Topics: #AONBestEmployer, Employee Relations, Employer Branding, Culture, C-Suite, Leadership

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