TPG Software (erstwhile Brickred Technologies)
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TPG Software is recognized as a leader in rewards and recognition in India for 2012. They operate based on a philosophy of publicly recognizing employees' contributions through respect, recognition and appreciation. Some key aspects of their rewards and recognition program include having on average more than 2 awards per employee per year to meet employees' needs for belonging, self-esteem and self-actualization. They take care to recognize both business and non-business contributions to support their culture and purpose. Their program aims to give everyone a chance to feel recognized and appreciated through various awards and events.
TPG Software (erstwhile Brickred Technologies)
- 1. India’s Best Companies for Rewards and Recognition 2012 TPG Software Pvt. Ltd. International Leaders and India’s Foremost in Work – Life Benefits, Rewards and Loyalty Solutions
- 2. “People may forget words; People may forget actions; but people will always remember Respect, Recognition & Appreciation given to them publically for their contributions is the philosophy on which TPG Software operates”
- 3. Average Age of 28 years Mechanism to meet needs towards love & 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 Esteem and 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. Fairness in declaring the award (scrutinized at 3 levels RM, PM & SCM with details ranging from all functional & contextual contributions) Match the Measures of Match the Reward to Achievements in Reward to Person Achievements the light of Award Touching hearts of employees & Families - parents, spouse, kids (Sharing respect & recognition with employee’s family for their contributions towards the employee’s success in the company; thus making the company succeed in its objectives – Awards such as flower bouquet, Feng-shui plants, Greeting Cards, house-hold gifts, games, ticket & shoppers-stop vouchers, ).
- 5. Equal Opportunity for all Extra care taken for R&R of New Joiners and Gen “Y” & Balancing Gen “X” and Gen “Y” Reward Contextual Contributions to support Culture & Purpose beyond business Chance for everyone to be recognized & appreciated ( JA, MA, Birthday, Appreciation Tree, GEM Team, Star Performer, Prizes at Fun@Work)
- 6. Understanding & reading people’s mind Sr. management & leadership taking responsibility Established Action Plan for 105 Action Items delegated upwards Published achievements on quarterly basis 98% task accomplished Upward Appreciations from people to leadership
- 7. Quarterly theme for Appreciation Tree Discussion Board Joining Anniversary Communications Cross functional clubs – Arbit, Jagruti, Zaika, Cricket Channels of communication
- 8. Many opportunities for recognition & reward Flexibility to choose appraisal cycle, Flexibility to choose compensation structure Flexibility to choose variable pay Lunch out of tenured people in 5 Star Property with Leaders
- 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 91 Parameters Reward & Recognition 8 92 Agree Work-Life Balance 8 Disagree 92 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. Let’s Recognize, Respect & Reward