Ravi: What initiatives have been taken by your organization to refine career planning and guidance for employees?
Arun: At NeoGrowth, right from the talent acquisition stage, we try to create awareness to distinguish a career from a job and emphasize that joining NeoGrowth can help a candidate build career. From these initial interactions itself, we try to provide clarity to a candidate about the grade structure in the organization and what the career growth path would look like for a candidate.
We recognize that investing in our employees' growth and development is the key to collective success. During the employee's tenure with us, we empower them with the skills and knowledge required to perform their tasks with maximum efficiency. Some of our key initiatives are as below.
1. We have designed a corporate induction program, 'Prarambh', and a functional induction program, 'Gurukul'. We spend significant time giving clarity to a new joiner on the career path at NeoGrowth through the programs.
2. Through HR and L&D connections with employees, we offer training and awareness modules on career growth in various roles and departments, including the skills needed for effective progression. We have grade-wise programs such as the learning path for entry-level profiles and the leadership path for mid-level profiles.
3. We sponsor part-time MBAs for some of those who could not do it before joining us for any reason and now want to invest in themselves to make them more capable managers and leaders.
4. To create an in-house talent pipeline of future leaders, we have institutionalized Catapult Management Trainee Program.
Under the program, fresher tier 1/2 b-school graduates join us.
5. Annual appraisals and goal-setting discussions are crucial components of career growth discussions.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
It's a bank and a brokerage - FinecoBank
FinecoBank of Italy is a highly tech-enabled bank that is a combination of a bank and a brokerage:
A model for cloud adoption - Zurich Cantonal Bank
The bank is had opted for cloud to offer better service to its customers:
RBI Governor urges NBFCs to adhere to fair practices code
The Reserve Bank of India (RBI) Governor has urged Non-Banking Financial Companies (NBFCs) to strictly adhere to the Fair Practices Code, emphasizing sustainable growth and robust risk management in the sector.
Automated, Adaptive, Al-enabled Architecture is a must
Security heads from 2 BFSI companies reveal the key cyberfrauds and strategies to combat them:
Fraudsters too gain ground as real-time payment systems grow
There is a need for the technologies behind the real-time payment systems to gain a march over the methods of fraudsters:
Ethics & Challenges of AI in Cyber security: Navigating the Moral Maze
Even as AI is finding its place in the cyber security domain, an entirely new frontier of ethical challenges awaits.
Bangladesh Finance: 25% faster customer service; 15% higher customer retention
Bangladesh Finance, established in 1999, is a leading financial institution in Bangladesh.
Fino sparkles with technology & brand upshift
Fino Payments Bank started operations in June 2017, providing banking services to mass market customers, who are largely rural-based.
Savington Upshifts: 48% Faster, Churn down 31%
Savington International Insurance Brokers LLC, founded in 2006 by Dev Maitra, is a prominent insurance provider in the UAE.
Zoroastrian Bank: Multiple awards for being the Best
Established in 1927 by Sir Hormusjee Cowasjee Dinshaw Adenwalla, Zoroastrian Bank is a prominent urban cooperative bank headquartered in Mumbai, India.