Performance Paranoia
Businessworld|May 25, 2019

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.

Avishek Banerjee
Performance Paranoia

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.

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.

MORE STORIES FROM BUSINESSWORLDView All
Gauging Trumponomics For India
BW Businessworld

Gauging Trumponomics For India

Despite some shortto mediumterm headwinds in trade and immigration, the broader Indo-US vision of counterbalancing China’s influence is expected to ensure continued cooperation under Trump 2.0

time-read
2 mins  |
November 16, 2024
Reflections on Consciousness and Creation
BW Businessworld

Reflections on Consciousness and Creation

Indian-American DEEPAK CHOPRA on the nature of the universe, the digital fabric of existence, and the power of a conscious mind

time-read
2 mins  |
November 16, 2024
MORE TAKE TO DRIVING IN STYLE
BW Businessworld

MORE TAKE TO DRIVING IN STYLE

High-end luxury vehicles are no longer part of a niche market, but a rapidly expanding segment of automobile sales, driven by changing consumer preferences, rising disposable incomes and better infrastructure

time-read
4 mins  |
November 16, 2024
India's Growing Affinity for Swiss Watches: A Luxury on the Rise
BW Businessworld

India's Growing Affinity for Swiss Watches: A Luxury on the Rise

NDIA'S ROBUST ECONOMIC growth, projected to exceed 6 per cent in 2024 and 2025, is fostering a rising demand for aspirational products. As disposable incomes increase, particularly among the expanding middle class, luxury goods such as Swiss-made watches are gaining popularity.

time-read
2 mins  |
November 16, 2024
An ENRiching Outlook
BW Businessworld

An ENRiching Outlook

KPMG's latest report shows energy CEOs being optimistic about the sector's outlook. ANISH DE, Global Head, ENRC, KPMG speaks to BW Businessworld's Arjun Yadav on what's driving this confidence

time-read
2 mins  |
November 16, 2024
Paving the Path to a Sustainable Future
BW Businessworld

Paving the Path to a Sustainable Future

Salesforce's ESG journey has made an impact beyond the company. SUNYA NORMAN, SVP of ESG Strategy and Engagement at Salesforce, shares more on how the tech giant integrates sustainability into its core operations, supporting global goals while empowering employees

time-read
2 mins  |
November 16, 2024
LEADERSHIP TRANSITION AT XIAOMI INDIA
BW Businessworld

LEADERSHIP TRANSITION AT XIAOMI INDIA

Xiaomi India is experiencing a leadership evolution, beginning with Muralikrishnan B's departure as President by the end of 2024. This change underscores Xiaomi's shift towards nurturing local talent amidst dynamic global shifts. The story tracks key transitions from Manu Kumar Jain's leadership to Muralikrishnan B's impactful tenure, along with recent strategic hires, highlighting Xiaomi's alignment towards market adaptability and consumer focus

time-read
3 mins  |
November 16, 2024
WEAVING SUSTAINABILITY
BW Businessworld

WEAVING SUSTAINABILITY

Once a modest home textile manufacturer, Jindal Worldwide has evolved into a vertically integrated textile powerhouse, spanning critical segments of the yarn and fabric value chain

time-read
1 min  |
November 16, 2024
FORCE FOR GOOD
BW Businessworld

FORCE FOR GOOD

FY24 saw capacity expansions for Century Enka in nylon and polyester segments, along with investments in modernisation, renewable energy, and safety initiatives

time-read
1 min  |
November 16, 2024
REIMAGINING TOMORROW
BW Businessworld

REIMAGINING TOMORROW

For V-Guard, tomorrow signifies progress, driven by today's actions, setting the foundation for future growth and value creation for all stakeholders

time-read
1 min  |
November 16, 2024