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
This story is from the May 25, 2019 edition of Businessworld.
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 May 25, 2019 edition of Businessworld.
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
'Committed to helping India achieve carbon neutrality'
R. Purushothaman on how Danfoss India, part of Danish MNC, is supporting the nation's carbon neutrality goals with innovative products
INTELLECTUAL DEPTH & ACTIONABLE INSIGHTS
Anil K. Khandelwal is a transformational leader, who invites readers to rethink leadership as a journey rather than a destination. In The Gym of Leadership, he emphasises that helmsmanship is not a badge of authority but a commitment to creating a positive impact, says Srinath Sridharan
AN INDUSTR BENCHMAR
The MacBook Pro M4 doesn't just set the bar for laptops-it becomes the bar. With unmatched performance, breath-taking design and incredible endurance, Apple's latest offering redefines what a laptop can achieve, says Sahil Mohan Gupta
The drip of good health
IV therapy seems to be a popular procedure with people in pursuit of good health and glowing skin. We spoke to medical experts about aspects to keep in mind before walking into a wellness centre to get that drip.
"MACARONS FOR THE MASSES"
CHANDNI NATH ISRANI, the driving force behind Ladurée's India expansion, redefines luxury in the F&B sector. With four flourishing Ladurée outlets established since 2021, Israni is making iconic French pastries and delicacies accessible to the Indian market. BW Businessworld sits down with the visionary entrepreneur to discuss her journey in building the luxury brand and her strategy for democratising gourmet experiences
NAVIGATING THE PATH TO PROFITABILITY: A STARTUP'S BALANCING ACT
WHEN EVALUATING startup profitability, it’s crucial to break it down into two main components: unit economics and fixed costs. Unit economics refers to the profitability of delivering each singular order, which involves analysing transaction margins against costs incurred, such as delivery and payment gateway fees. This assessment helps gauge whether a business model is sustainable at a micro level.
THE HOLY GRAIL OF PROFITABILITY
Profitability for startups is elusive, often overshadowed by growth and investor expectations. Achieving profitability requires a delicate balance between revenue generation and cost management, with factors like market dynamics and competition playing significant roles
"WE ARE FOCUSED ON BUILDING A RESILIENT AND SELF-SUSTAINING SEMICONDUCTOR ECOSYSTEM"
S.KRISHNAN, Secretary of the Ministry of Electronics and Information Technology, outlines India's ambitious plan to build a resilient and globally competitive semiconductor industry through the India Semiconductor Mission
Shaping the Future of Cyber Risk Management
With its mission to advance cyber risk quantification through the FAIR (Factor Analysis of Information Risk) model, the institute empowers businesses to align cybersecurity with broader objectives using structured, data-driven insights. Managing Director TODD TUCKER discusses how the institute’s methodologies and community-driven approach are reshaping industry standards worldwide, including growing interest in India and Asia Pacific
THE PILLAR OF A RESILIENT DIGITAL FUTURE
The rapid evolution of digital technologies has transformed the world, driving unprecedented connectivity and innovation. Yet, as the digital realm expands, so do vulnerabilities, with cyber threats emerging as critical challenges for businesses, governments and individuals
