HR Practices followed at Nath Biogene (I) Ltd
The only vital value an enterprise has is the experience, skills, innovativeness and insights of its people.
Leif Edvinsson, Swedish Intellectual Capital guru in Corporate Longitude (2002)
Our mission is to make Nath Group a Great Place to Work. To ensure that, we have a workforce of passionate, involved and energetic people who are focussed on their professional and personal goals.
The company has always emphasized on constant upgradation and consistent development of robust HR Practices. The HR Department instils the values of teamwork, professionalism and innovation in every employee of the company and strives to keep building a dynamic organisation culture with latest Policies and Practices.
A motivated workforce is crucial to embrace challenges in the industry and a growth oriented environment helps the employees to contribute, excel and realise their potential.
The company first tries to locate talent internally in order to provide opportunities for career development and learning to its employees. This is done via posting vacancies internally. We also prefer candidates who are referred through existing employees.
We believe in inducting skilled people from other organisations into the company from time to time. The new blood enhances the existing skill set and helps the company to become competitive amidst increasing complexities.
We regularly post vacancies on our Website, advertise in local and national dailies and update our databank of resumes so that we can approach the candidates directly on need basis.
Continuous Learning & Development:
Organizational excellence is achieved only through continuous investments in the growth of human resources.
A detailed training calendar is prepared every year for in house trainings and external training programmes are arranged on need basis.
There is great emphasis on subject matter and behavioural training apart from technical and on the job training. To tap the creativity of employee's, initiatives like Kaizen, 5S and Suggestion Schemes have been implemented.
Performance Management System:
360 Degree Feedback System
The 360 Degree Feedback System ensures that the senior managers are assessed by their peers and given valuable inputs regarding their work style. This in turn enables the top management to prepare their development plans in accordance with their goals and potential.
Appraisals provide opportunity for employees to explore their potential for professional growth and personal development.
The developmental needs and future potential of the employees are recognized through yearly assessment via appraisals by the Management and HR Department. Feedback is shared openly and on an on-going basis. Reward and recognition are linked through measurement of Key Result areas.
Compensation & Benefits
To ensure that all employees feel like a part of the Nath family, the company strives to provide educational, housing, recreational and medical support to employees and their families, at all times.