Right from hiring the right person to promotions, career development and all other business and people initiatives, values remain the guiding light at HDFC Life. The values framework EPICC (Excellence, People Engagement, Integrity, Customer Centricity, and Collaboration) informs the inspiring culture at HDFC Life, fostering growth and progress for its employees. Vibha Padalkar, MD & CEO, shares with BW Businessworld’s Avishek Banerjee the workplace dynamics at his company.
On what makes your organization a great place to work for
Four things that set the company apart and make it a great place to work for are: leading the change; paranoia for performance; living the values and, fostering development and growth. We have been leading the way in every aspect of our business — be it digital transformation, identifying and targeting white spaces or building new ecosystems for business acquisition. We have seen that this drive to lead is not only preferred but actually needed in order to attract and retain key talent. We are paranoid — about performance, about our ability to bring a positive, meaningful difference to our work, and about being prepared for potential events that can impact our company’s future.
On talent management
Talent management works on the philosophy of having the most skilled and engaged employees managing their current roles while developing a strong bench of ready talent. Internal talent is given ample opportunities to take up managerial roles, through a transparent, fair and scientific internal job posting (IJP) process. Cross-functional movements are also encouraged and enabled through a talent review and assessment process to provide a holistic understanding of business to employees. In FY19, over 60 percent middle management and about 80 percent of senior management vacancies were filled through internal talent.
On the company’s evolution
HDFC was the first private life insurance company to start operations in India in 2000. In the last 18 years of operations, the organization has gone through three major phases of transition. In each of these phases, it kept evolving its people practices in order to suit the business context.
On people philosophy
この記事は Businessworld の May 25, 2019 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Businessworld の May 25, 2019 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
MEMORIES & IMPRESSIONS
Ratan Tata was an exceptional human being. He was a visionary leader, esteemed industrialist, and a humanitarian, who left an indelible mark on India and the world.
The Robotaxi Market
The robotaxi market is shaping up to be a high-stakes battleground as tech giants and automakers race to transform urban mobility.
And the Nobel Prize Goes to AI
The recent Nobel Prize T awards to AI pioneers affiliated with Google have sparked a broader conversation about Big Tech's influence on research and the limitations of traditional prize categories.
Ola Electrified
Once considered a trailblazer in India’s electric vehicle (EV) ecosystem, Bhavish Aggarwal’s Ola Electric now faces a major accountability crisis.
Sharp Slide in Industrial Output on Eve of Deepavali
India’s index of industrial production (IIP) saw a sharp reversal in August, contracting by 0.1 per cent, in stark contrast to the 4.7 per cent growth in July, mostly because of significant contractions in mining and electricity generation.
Heralding the Solar Era with Sustainable Electrification
RAJEEV KASHYAP on the economics of solar power, the hurdles in scaling it, and much more
A WELL-GREASED MACHINE
The OmniBook X14 laptop runs on first-generation Snapdragon X Elite, which bets big on Al-enabled productivity and battery life, but falls short when it comes to overall experience, says Deep Majumdar
DO NOT LETA HEALTH CRISIS RUIN YOUR FINANCIAL HEALTH
For a family of four living in a metro, it is recommended to opt for a family floater health insurance plan with a sum insured of at least Rs 15-20 lakh
Disruption Ahead: Beyond Organisation Charts and Structures
ALBERT EINSTEIN FAMOUSLY said, “We cannot solve our problems with the same thinking we used when we created them.
Dr. Rahul Shivajirao Kadam: A Visionary Leader Blending Sustainability, Innovation, And Social Empowerment
We are on the stage of global warming, and these technologies not only help prevent further damage but also leave behind a better environment for future generations.
