India’s Best Companies forRewards and Recognition 2012 TPG Software Pvt. Ltd. International Leaders and India’s Foremost in Work – Life Benefits, Rewards and Loyalty Solutions
“People may forget words;People may forget actions;but people will always rememberRespect, Recognition & Appreciationgiven to them publically for their contributionsis the philosophy on which TPG Softwareoperates”
Average Age of 28 years Mechanism to meet needs towardslove & belonging and Self Esteem Self-actualization On an average planned more than 2 Perfection &awards per employee per annum Contribution Opportunities to win prizes events Esteemand Fun@Work Confidence, achievement, respect of others, respect by others Love/Belonging Friendship, family, intimacy etc. Safety Job Security, Safety & Health Physiological Basic Needs of survival.
Fairness in declaring the award (scrutinized at 3 levels RM, PM &SCM with details ranging from all functional & contextualcontributions) Match the Measures of Match the Reward to Achievements in Reward to Person Achievements the light of AwardTouching hearts of employees & Families - parents, spouse, kids(Sharing respect & recognition with employee’s family for theircontributions towards the employee’s success in the company; thusmaking the company succeed in its objectives – Awards such asflower bouquet, Feng-shui plants, Greeting Cards, house-hold gifts,games, ticket & shoppers-stop vouchers, ).
Equal Opportunity for allExtra 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 businessChance for everyone to be recognized & appreciated ( JA, MA, Birthday, Appreciation Tree, GEMTeam, Star Performer, Prizes at Fun@Work)
Understanding & reading people’s mindSr. management & leadership taking responsibilityEstablished Action Plan for 105 Action Items delegated upwardsPublished achievements on quarterly basis98% task accomplishedUpward Appreciations from people to leadership
Quarterly theme for Appreciation TreeDiscussion BoardJoining Anniversary CommunicationsCross functional clubs – Arbit, Jagruti, Zaika, CricketChannels of communication
Many opportunities for recognition & rewardFlexibility to choose appraisal cycle,Flexibility to choose compensation structureFlexibility to choose variable payLunch out of tenured people in 5 Star Property with Leaders
Development Opportunities 15 85 Performance Appraisal System 14 86 Total Compensation 13 87 Confidence on Top/ Senior Management 11 89 Work Environment 9 91 Corporate Perspective 9 91Parameters Reward & Recognition 8 92 Agree Work-Life Balance 8 Disagree 92 Relationship with Seniors 7 93 Communication 7 93 Business Understanding 5 95 Comaraderie 4 96 Enabling function 4 96 Culture 3 97 0 20 40 60 80 100 120 No. of Response (in %age)