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International Leaders and India’s Foremost in Work – Life Benefits, Rewards and Loyalty Solutions India’s Best Companies for Rewards and Recognition 2012 TPG Software Pvt. Ltd.

TPG Software- Rewards and Recognition

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Page 1: TPG Software- Rewards and Recognition

International Leaders and India’s Foremost in Work – Life Benefits, Rewards and Loyalty Solutions

India’s Best Companies forRewards and Recognition 2012

TPG Software Pvt. Ltd.

Page 2: TPG Software- Rewards and Recognition

Our Reward & Recognition Philosophy

“People may forget words; People may forget actions; but people will always remember Respect, Recognition & Appreciation given to them publically for their contributions is the philosophy on which TPG Software operates”

Page 3: TPG Software- Rewards and Recognition

Manpower Distribution on Maslow’s Model

Perfection & Contribution

Confidence, achievement, respect of others, respect by

others

Friendship, family, intimacy etc.

Job Security, Safety & Health

Basic Needs of survival.

Physiological

Safety

Love/Belonging

Esteem

Self-actualization

Average Age of 28 years

Mechanism to meet needs towards love & belonging and Self Esteem

On an average planned more than 2 awards per employee per annum

Opportunities to win prizes events and Fun@Work

Page 4: TPG Software- Rewards and Recognition

Key to Success of R&R

Fairness in declaring the award (scrutinized at 3 levels RM, PM & SCM with details ranging from all functional & contextual contributions)

Touching hearts of employees & Families - parents, spouse, kids (Sharing respect & recognition with employee’s family for their contributions towards the employee’s success in the company; thus making the company succeed in its objectives – Awards such as flower bouquet, Feng-shui plants, Greeting Cards, house-hold gifts, games, ticket & shoppers-stop vouchers, ).

Measures of Achievemen

ts in the light of Award

Match the Reward to

Person

Match the Reward to

Achievements

Page 5: TPG Software- Rewards and Recognition

Merit is the only Differentiator for R&R

Equal Opportunity for all

Extra care taken for R&R of New Joiners and Gen “Y” & Balancing Gen “X” and Gen “Y”

Reward Contextual Contributions to support Culture & Purpose beyond business

Chance for everyone to be recognized & appreciated ( JA, MA, Birthday, Appreciation Tree, GEM Team, Star Performer, Prizes at Fun@Work)

Page 6: TPG Software- Rewards and Recognition

Turning the Table – Mission 2012Understanding & reading people’s mind

Sr. management & leadership taking responsibility

Established Action Plan for 105 Action Items delegated upwards

Published achievements on quarterly basis

98% task accomplished

Upward Appreciations from people to leadership

Page 7: TPG Software- Rewards and Recognition

Building culture of Appreciation & Recognition

Quarterly theme for Appreciation Tree

Discussion Board

Joining Anniversary Communications

Cross functional clubs – Arbit, Jagruti, Zaika, Cricket

Channels of communication

Page 8: TPG Software- Rewards and Recognition

Unique Practices

Many opportunities for recognition & reward

Flexibility to choose appraisal cycle,

Flexibility to choose compensation structure

Flexibility to choose variable pay

Lunch out of tenured people in 5 Star Property with Leaders

Page 9: TPG Software- Rewards and Recognition

92% Satisfaction with R&R Initiatives

Culture

Enabling function

Comaraderie

Business Understanding

Communication

Relationship with Seniors

Work-Life Balance

Reward & Recognition

Corporate Perspective

Work Environment

Confidence on Top/ Senior Management

Total Compensation

Performance Appraisal System

Development Opportunities

0 20 40 60 80 100 120

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No. of Response (in %age)

Para

mete

rs

AgreeDisagree

Page 10: TPG Software- Rewards and Recognition

Thank youLet’s Recognize, Respect & Reward