Encouraging the individual

“We follow what is known as the balance business scorecard for our business”, asserts Agarwal. It is a meticulous process undertaken at the beginning of every year, during which, every employee knows what the company objectives are and the expected contributions from him/ her in achieving organizational goals.... This is also another procedure to set individual goals, i.e. enablingand encouraging the individual to achieve personal milestones while still working towards achieving common corporate targets. At the end of each financial year, the progress made is measured for each employee and rewards and recognition are thus decided upon, which also leads us to the “Grow” part for RPG. Most rewards at RPG are monetary in nature. But they do have some non-monetary rewards in the form of recognitions like the ‘Best Manager Award’, ‘Chairman’s awards’ et al.

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Source : IIPM Editorial, 2008

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative