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.
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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.
“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”
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
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 Achievements in the light of Award
Match the Reward to Person
Match the Reward to
Achievements
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)
Understanding & 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
Quarterly theme for Appreciation Tree
Discussion Board
Joining Anniversary Communications
Cross functional clubs – Arbit, Jagruti, Zaika, Cricket
Channels of communication
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
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85
3
4
4
5
7
7
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0 20 40 60 80 100 120
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
No. of Response (in %age)
Pa
ram
ete
rs
Agree
Disagree
Let’s Recognize, Respect & Reward
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