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Genpact moved up one position to jointly rank at #3 with IBM
Daksha new entrant. Together, these two performed the best among large BPO
employers. In terms of employee satisfaction, it featured at #8, ahead of all
large firms. Smaller companies occupied all the top seven positions. When it
comes to HR Rank, which measures a companys performance and initiatives, and
is an indicator of what a company is doing to ensure that the HR performance is
maintained, Genpact ranked right at the top.
Expectedly, Genpact performs the best in parameters such as
honesty, integrity and corporate governance. In fact, in the broad area of
company culture, Genpact performs exceedingly well among large companies. But,
it also manages to do well in openness to ideas and suggestion from employees.
Piyush Mehta, senior vice president and head, HR, points out to the overall
company culture as a reason, but singles out a few practices such as using
"Lean" as a tool to involve each employee in bettering the processes
and sharing the gains with employees when the customer gets the benefit of a
productivity improvement because of suggestions by employees. Genpact has also
created an Alert system, where any employee can alert the leadership about any
process not working well.
| Genpact |
Rank
3 |
|

|
| Piyush Mehta, Sr VP, HR |
|
How They
Fared |
|
Strengths |
Rank |
|
This company puts a high
value on honesty and integrity |
2 |
|
This company has high
standards of corporate governance |
3 |
|
The company is very open to
ideas and suggestions gives by employees |
3 |
|
Weaknesses |
|
I am satisfied with the kind
of salary hikes I get |
15 |
|
I am satisfied with perks
and benefits available to me |
16 |
|
I am getting paid at par
with industry standards |
18 |
Genpact scores poorly in all salary-related areasperks,
hikes, or overall salary. Mehta is not too surprised. He reasons that this may
be a reflection of the fact that Genpact has never tried to be the top
paymaster. "We try to be in the top band, but not necessarily to be on the
top," he says. He claims that as the industry leader, the company has to
behave responsibly and cannot get into a salary game. While smaller
companies/new entrants do attract employees, primarily by offering a higher pay,
Genpact cannot do the same, he says. He, however, claims that those who have
stayed with Genpact draw the best salaries in the industry. "It is a
question of growing with the company," he says.
There is no single factor responsible for Genpacts
performance in the survey. For that matter, it does not have too many highs and
lows in different parameters.
However, for a growing and global company like Genpact, a
significant effort goes into leadership development. The company runs a program
called Genpact Operating Leadership Program, where a few employees (200 as of
the last batch) are taken out of operations and put into eighteen months of
training, both by rotating them across various roles as well as giving them
classroom training. In addition, Genpact has tied up with universities for its
Education@Work program, including an arrangement with the Duke Universityone
of the best names in executive educationto offer training to senior
middle-level executives and above.
Genpacts main challenge is to keep the employee moral high
even as it grows throughout the world. Page(s) 1
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