3 core competencies that define Excelsior – Way for Recognizing and rewarding talent at Bajaj Finserv
Outside of the profit it earns, an organization’s worth is judged by the employees it retains and the work culture it fosters. Without proper training and development, the employees start slagging, which is bound to affect any company’s growth and profit-earning capacity.
At Bajaj Finserv, we lay due emphasis on core competencies like talent development, agility, and result orientation, with the aim of developing the core skills of our employees and offering them a platform to grow and flourish.
As a part of this initiative, we launched Excelsior, an event aimed at recognizing our excellent talent pool. But before delving into its details, let’s take a look at the core competencies that define our commitment towards developing our employees.
Talent development is important when it comes to making our employees recognize their full potential and pushing them to excel in their work. We nurture our employees in a way that they don’t settle for good but go for great. At Bajaj Finserv, we believe that ‘good work’ is only the first step towards excellence. Our employees are trained and motivated to always give in a hundred percent and push their horizons.
Our Chief – Human Resource, Group Learning Academy and Administration, Deepak Reddy, in his article titled ‘Some questions need to be asked more than they need to be answered’ highlighted the importance of talent development “Challenging yourself and people you employ needs to be a constant process.”
Agile employees quickly adapt to new routines without it hampering their efficiency and skill sets. They can analyze a problem quickly and do whatever it takes to fix it. Our employees are trained to be quick on their feet so that they’re always ready to take on new challenges and understand the latest market trends. Since, our products are directly affected by the financial market, it’s important that our employees can quickly understand the changes and convey the same to our valued customers.
Emphasizing on result orientation
At Bajaj Finserv, we take results very seriously, because at the end of the day, results are a measure of our success. Result orientation is an important competency skill and we train our employees in a way that they understand which results matter and how to achieve them. We also help our employees identify resources that can be utilized for achieving these results successfully.
How Excelsior started and what is its purpose?
Excelsior was started in the year 2011 to reward our employees who have excelled in the above-mentioned core competency areas. Our organization recognizes employees who adopt our company’s motto to always ‘Do more, earn more’ by including them in the Excelsior league.
Every year, we organize this event to recognize and promote employees who have given in their best in achieving results and have shown great agility. This year, too, the ceremony was held at the Hyatt Regency to honour such employees who have made Bajaj Finserv one of the leading financial institutions of the country.
Owing to our great organizational culture and the performance of our employees, Bajaj Finserv has found a place in the top 25 workplaces in Asia. And, with our continued efforts of encouraging our employees and giving them an environment to grow, we hope to come to the top of that list soon.
We would love to feature your point of views in this article. What according to you are the ways to recognize and reward talent in the company?