Professional Documents
Culture Documents
BATCH: 20013-2015
INTRODUCTION
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 Hewitt-Economic Times and Wall
Street Journal Study 2007, has adjudged the Group the best employer in India and among
the top 20 in Asia.
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:
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 checkups of project team members.
The future success of any organization relies on the ability to manage a diverse body of
talent that brings innovative ideas, perspectives and views to work. The challenge and
problems of workplace diversity is turned into a strategic asset if an organization is able
to capitalize on the available talents and your Company continuously works towards
achieving this objective. The total number of employees as on March 31, 2007 was 684
as against 573 employees at end of previous year. The attrition rate of the Company has
reduced to 18% as against last years rate of 24%. Your Company plans to increase its
thrust on human resource development with People centricity as its Human Resource
theme in FY 07-08 across the globe. Your Company has taken several initiatives to retain
and groom talent at all levels of the organization.
PURPOSE OF HR POLICIES:-
Other HR schemes:
Aditya Birla Group classifies its various HR initiatives over the last five years into the
following
categories:
recruitment
and
staffing,
nurturing
talent,
performance
Talent reviews:
A three-tier annual talent review process, held at the unit level, business level and Group
level, ensures a focused approach to the implementation of lDPs. The review discussions
provide meaningful input into the career and succession planning process.
Talent engagement:
Business heads anchor programmes aimed at developing leadership potential and are
personally involved in the design of specific courses. Other initiatives, such as the
Chairman's Challenge and Ideas Unlimited, provide in depth engagement opportunities
with hi-potentials.
Conclusion
The main advantage of implementing a human resource policy is that it can help prevent
costly litigation fees in the future. A human resource policy should create avenues for
employees to report any misconduct to superiors. If the company is able to resolve the
dispute internally, it could save costs on lawsuits and may also spare the loss of
employees. Other benefits of a human resources policy include increased communication
in the workplace, reduced management expenses, and a more cooperative work
environment.