At Piramal, we derive our strength from our Values – Knowledge Action and Care. These values drive our overall organization’s purpose of Doing well and Doing good which forms a core of our people practices across the group.
The group’s culture is defined by our sub values and every existing and prospective employee is encouraged to live these values at each stage of their life with us.
The culture allows you to innovate, learn, share and grow and at the same time, be aware of our stakeholders, internal and external, and protect their interests. The values are imbibed in our processes and our people feel those right from the time they decide to work with us. With people of nationalities working with us in more than countries across the globe, diversity in thoughts is lived by and encouraged across the group. From cross boundary workgroups to special assignments in a different region, we encourage employees to gain multiple perspectives as they move up in their careers with us.
We believe that an employee is our most important stakeholder and therefore by living our value of Care, we ensure that a prospective employee gets inducted and engaged right at the stage of accepting the offer. This also ensures that the transition to our system is seamless and the person feels welcomed and at home even before s/he joins the organization.
Living the value of integrity and trusteeship, our performance management system is designed to encourage high performance across the functions and businesses. We have incorporated best practices like coaching people, designing their development plans right in the beginning of the year and rewarding employees through our performance linked programs like Total Value Added (TVA). The process aims to balance transparency and fairness thereby rewarding performance and potential at all levels.
The inhouse learning university offers range of course for employee development right through the year. Our all-round performance discussion and the strong feedback mechanism provides valuable inputs in designing such programs. Each program is measured for its effectiveness in driving specific business priority and enhancing individual performance. Employees enroll with the university in the quest to develop their leadership capabilities and thereby live our value of Entrepreneurship and Expertise. High performing individuals are given opportunities to pursue their higher studies and brighten their career path within the organization.
Humility is lived and practiced at each level as we consciously listen and act upon the views and suggestions of our employees. Bandhan – our employee engagement survey is an anonymous tool to reach out to our employees and seek their insights on making the group a good place to work. Over the last seven years, the initiative has become a way of life for us and our year on year top quartile scores are a testimony to this.