NUCSOFT was incorporated in 1994 with the aim of providing focused end-to-end IT solutions to the Banking, Financial Services and Insurance’ industry sectors (BFSI).The main focus of NUCSOFT is to provide value to the clients, and it recognises that its employees are its main assets that will provide Nucsoft with the much needed competitive advantage to accomplish this goal. Post-recession business is facing immense challenge. The growth in the domestic business is staid at 15% as compared to exports growth of 37% CAGR. Also, Retaining talent is one of the brewing challenges of the IT industry today; it will be an even bigger challenge for small players as bigger players offer fatter pay packs to attract the best of the talent. However if small players try to match up theses pay packs their profitability might be seriously impaired
In such a competitive world it is becoming very important to build on the competitive activities of the business, particularly regarding what competencies a business needs to have in order to compete in a specific environment. And what other way than to develop the people, for human resource is the most valuable resource any organization has. Top management is identifying corporate core competencies and working to establish them throughout the organization. Human Resource Development builds competency based models that drive business results.
Nucsoft recognises that the future of the organization depends on their competent employees than on any other resource. It is a major factor that determines success for nucsoft. Competencies are the inner tools for motivating employees, directing systems and processes and guiding the business towards common goals of customer satisfaction and thereby increase the value of the organization. Competencies provide a common language and method that can integrate all the major HR functions and services like Recruitment, Training, performance management, Remuneration, Performance