TPG Software- Rewards and Recognition


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TPG Software- Rewards and Recognition

  1. 1. 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
  2. 2. “People may forget words;People may forget actions;but people will always rememberRespect, Recognition & Appreciationgiven to them publically for theircontributions is the philosophy onwhich TPG Software operates”
  3. 3. 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.
  4. 4. Fairness in declaring the award (scrutinized at 3 levelsRM, PM & SCM with details ranging from all functional& contextual contributions) Measures of Match the Match the Achievements Reward to Reward to in the light of Achievements Person AwardTouching hearts of employees & Families -parents, spouse, kids (Sharing respect & recognitionwith employee’s family for their contributions towardsthe employee’s success in the company; thus makingthe company succeed in its objectives – Awards suchas flower bouquet, Feng-shui plants, GreetingCards, house-hold gifts, games, ticket & shoppers-stopvouchers, ).
  5. 5. Equal Opportunity for allExtra care taken for R&R of New Joiners and Gen “Y” & Balancing Gen “X” andGen “Y”Reward Contextual Contributions to support Culture & Purpose beyondbusinessChance for everyone to be recognized & appreciated ( JA, MA, Birthday,Appreciation Tree, GEM Team, Star Performer, Prizes at Fun@Work)
  6. 6. Understanding & reading people’s mindSr. management & leadership taking responsibilityEstablished Action Plan for 105 Action Itemsdelegated upwardsPublished achievements on quarterly basis98% task accomplishedUpward Appreciations from people to leadership
  7. 7. Quarterly theme for Appreciation TreeDiscussion BoardJoining Anniversary CommunicationsCross functional clubs – Arbit, Jagruti, Zaika,CricketChannels of communication
  8. 8. 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 withLeaders
  9. 9. 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 8 Agree Work-Life Balance 92 Disagree 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)
  10. 10. Let’s Recognize, Respect & Reward