Preview

Hr Policy of Aditya Birla Group

Good Essays
Open Document
Open Document
1126 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Hr Policy of Aditya Birla Group
HR POLICY OF ADITYA BIRLA GROUP The Aditya Birla Group is a multinational corporation based in Mumbai, India with operations in 25 countries including Thailand, Dubai, Singapore, Myanmar, Laos, Indonesia, Philippines, Egypt, Canada, Australia, China, USA, UK, Germany, Hungary, Brazil, Italy, France, Luxembourg, Switzerland, Bangladesh, Malaysia, Vietnam and Korea.
A US$ 28 billion conglomerate, with a market capitalization of US$ 31.5 billion, over 50 per cent of its revenues flow from its operations across the world. The group is a major player in all the industry sectors it operates in. The Group has been adjudged the best employer in India and among the top 20 in Asia by the Hewitt-Economic Times and Wall Street Journal Study 2007. The origins of the group lie in the conglomerate once held by one of India's foremost industrialists Mr. Ghanshyam Das Birla. He bequeathed most of these companies to his grandson, Mr. Aditya Vikram Birla – the father of the current Chairman of the group, Mr. Kumar Mangalam Birla. Mr. Kumar Mangalam Birla is the grandson of Mr. Basant Kumar Birla, who heads his own independent business conglomerate. Several other members of the Birla Family, own and run their independent business groups
MISSION: To deliver superior value to our customers, shareholders, employees and society at large.
HUMAN CAPITAL:

Among Human Resources initiatives taken during the FY 2007- 08 to retain and groom talent are:
1. Created new channels of communication.
2. Geography wise HR partners to aid employee interaction.
3. PSI Buddies for all new hires on their date of joining the organization. 4. Initiated Speak your Mind : projects interface with HR.
5. Various spot awards and informal rewards recognizing deserving PSIans.
6. Training boot camp for freshers.
7. Strengthen the Training and Competency function, introducing the Monthly training calendars.
8. Employee integration activities to foster fun at workplace.
9. Routine medical check

You May Also Find These Documents Helpful

  • Powerful Essays

    Hr590 Final Project

    • 2368 Words
    • 10 Pages

    The role of a Human Resource department in today’s world is ever changing. Many years ago the Human Resource department was only there to file pre-employment paperwork, assist with benefits and process payroll. This may have been handled by a department that consisted of one or two company accountants that took on this role in conjunction with watching the company books. The role of a Human Resource department today includes many functions which include acquiring, developing, and retaining talent; aligning the workforce with the business; and being an excellent contributor to the business. The HR department now works directly with management teams throughout the company in an effort to help with strategy and the growth of the company. One very important aspect is talent acquisition. Having the right people in key roles within the company is vital to the success and growth. Performing this function includes preparing a job description, recruiting, setting compensation, and retention. In this paper I will go over the entire process.…

    • 2368 Words
    • 10 Pages
    Powerful Essays
  • Satisfactory Essays

    Effective hiring and personnel retention are keys to successful business. It can be easily argued that business success depends on human assets not material assets. Materialistic business components can be bought and replaced with an order, but the talent people can bring to an organization is not attained with the touch of a button. Hiring the right people is only a part of the successful business formula. Retaining quality people is also important to business success. What do firms need to do to attract and retain the most talented people as well as utilization of their skills for company success?…

    • 1313 Words
    • 6 Pages
    Satisfactory Essays
  • Powerful Essays

    NII Holding Case Summary

    • 1450 Words
    • 6 Pages

    MISSION STATEMENT: Providing service to the people with excellent location, quality products, and number one service. Having what the customers want, when they want, and how they want it.…

    • 1450 Words
    • 6 Pages
    Powerful Essays
  • Best Essays

    Using the Bank of America Case Study found in chapter two, an outline of their talent management program, which was instrumental in the success of the company. An identification of the programs strengths and how these strengths have led to their goal accomplishments. A description of the different opportunities for improvement in their talent management planning process will be added. Another two effective processes will be explored in an attempt to provide a better approaches to talent management than is displayed in the case study. The sum of this paper is to evaluate Bank of America’s approach to talent…

    • 1588 Words
    • 7 Pages
    Best Essays
  • Satisfactory Essays

    Managing talent is the most important HR challenge facing organizations across the world today. As an organization addressing the talent management/human capital is important in all the regains of the industry (Eyre, 2008). The shifts in the world economy are playing a role in workforce trend, making it difficult to retain all human capital. To ensure growth potential during a bad economy the organization needs to focus on strengthening key relationships, capitalizing on underutilized staff, clarifying strategic roles and forging stronger links between compensation and results (Mello, 2005). Strengthening the employer-employee relationship is an important goal for human resources departments in any organization.…

    • 471 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    In recent years, many organizations have changed the way they manage their human resources. Some of these changes have benefited employees. For example,…

    • 7888 Words
    • 32 Pages
    Better Essays
  • Good Essays

    The International Hotel

    • 1249 Words
    • 5 Pages

    The group is owned and financed by a large consortium of international business people and several large investment companies. It is in a strong financial position for expansion…

    • 1249 Words
    • 5 Pages
    Good Essays
  • Better Essays

    Hr594 Strategic Staffing

    • 1151 Words
    • 5 Pages

    Organizations compete fiercely in the war for talent. Many invest an enormous amount of money, time and other resources in advertising and staffing strategies to attract the best candidates. This is because today’s executives understand that one of the most important resources in organizations—if not the most important—is human resources.…

    • 1151 Words
    • 5 Pages
    Better Essays
  • Better Essays

    In order for organizations to meet the growing demands of business sustainability and maintain a competitive advantage over the competition, businesses are encouraged to take a hard look at their talent pool (Urlaub, 2011). This process aims to retain employees and foster their continuing development of skills and competencies to achieve the organization’s immediate performance goals and long-term strategic objectives. This often requires managers to incorporate a wide variety of perspectives in their talent appraisals. The ability for an organization to identify, select, develop, and retain highly valued skill sets can set a company apart. Talent Management Strategy is defined as an organizations commitment to recruit, retain, and develop the most talented and superior employees available in the job market through goal-setting, performance management, assessment, compensation management, learning, career planning and succession planning processes. This paper will discuss a few topics surrounding sustainable talent management which will include; determining which performance management process can be used to measure employee talent, analyze key concepts related to the talent review process, develop appropriate talent management objectives to measure functional expertise, asses key elements of global talent management as they apply to my organization, and recommend a process that optimizes a sustainable talent management process.…

    • 1387 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    To help the clients make positive, lasting, and substantial improvements in their performance and to build a great firm that is able to attract, develop, excite, and retain exceptional people.…

    • 3251 Words
    • 14 Pages
    Powerful Essays
  • Good Essays

    Omm 618

    • 777 Words
    • 4 Pages

    Talent management is the term used to describe the HR process of hiring and retaining top employees. Human resource professionals themselves anticipate that retaining the best employees will be the greatest HR challenge in 2022, according to a November 2012 poll by the Society for Human Resource Management. Employees have a tendency to job hop as economic challenges make it difficult for companies to maintain high levels of pay over time.…

    • 777 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Worker Retention Strategies

    • 2887 Words
    • 12 Pages

    All organizations want to see an increase in productivity and a positive impact on the bottom line. Successful organizations realize employee retention and talent management is integral to sustaining their leadership and growth in the market place. The focus of this group project is on worker retention strategies. Worker retention strategies are programs designed to preserve existing quality workers by providing benefits and incentives. These benefits and incentives are provided to employees in various ways. Our group chose to explore six organizations…

    • 2887 Words
    • 12 Pages
    Better Essays
  • Better Essays

    Sears, D. (2003). Successful talent Strategies : Achieving superior business results through market-focused staffing. New York, NY: AMACOM.…

    • 1130 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    Satyam Computer Service Limited is a leading global business and information technology company, delivering consulting, systems integration, and outsourcing solutions to clients in over 20 industries. Incorporated on June 24 1987, Satyam has grown substantially to become one of the fastest growing companies in the IT services and BPO sector. It is one of the youngest IT services company to reach US $1 billion mark in annual revenues. The first fortune 500 client for Satyam was John Deere where Satyam demonstrated both onsite and off shore work environment. It is the fourth largest IT Company in terms of revenue.…

    • 2015 Words
    • 9 Pages
    Powerful Essays
  • Powerful Essays

    effectiveness, sustainability, etc. Increasing demand for skilled performers and increasing high attrition of capable workforce forced the companies to shift focus on attracting and retaining high-performing employees in the extremely competitive business environment. Companies have recognized the need to enhance the employee’s opportunity to develop skills and abilities for full performance within the position and for career advancement and growth which would lead to retention of talented workforce in return increase firms performance in terms of profitability and productivity. Companies have realized that in today's competitive business milieu, the quality of people one employs will make all the difference. Lately, human resource management has emerged as an essential factor for sustained competitive advantage. Research highlights that organizations develop sustained competitive advantage through management of scare and valuable resources (Barney,1991). The human resource enables organizations to achieve optimization of resource, effectiveness, and continuous improvement consistently (Wernerfelt, 1984). An organization takes time to nurture and develop human capital in the form of knowledge, skills, abilities, motivation, attitude, and interpersonal relationship, and makes it difficult for competitors to imitate (Becker & Gerhart, 1996).…

    • 1584 Words
    • 7 Pages
    Powerful Essays