1. The Aditya Birla Group, India's first multinational
corporation, traces its origins back to the tiny village
of Pilani in the Rajasthan desert, where Seth Shiv
Narayan Birla started cotton trading operations in
1857. Today, the Group's footprint extends to 27
countries and its revenues are US$ 29 billion. We
retrace the highlights of this remarkable journey,
starting from the present:
2011
:: The Government of India will bestow the Padma Bhushan
Award on Mrs. Rajashree Birla for her exemplary
contribution in the area of ‘Social Work’.The Padma
Bhushan is among the highest civilian awards in India and
will be conferred on Mrs Birla at a special ceremony in
March 2011.
2010
:: Ultratech's 'Concern for Health' project awarded the
Asian Corporate Social Responsibility Award by the Asian
Institute of Management Centre for Corporate Social
Responsibility.
:: Hindalco ranked ninth across industries on Forbes Asia's
Fab 50 companies list of Asia's 50 most valued companies.
:: Mrs. Rajashree Birla, Chairperson, Aditya Birla Centre for
Community Initiatives and Rural Development receives
2. 'Hello Hall of Fame' award for 'Exemplary Philanthropist of
the year' from Worldwide Media Goup's 'Hello' celebrity
:: Indian Rayon, Veraval (a division of Aditya Birla Nuvo) is
awarded The Rajiv Gandhi Environment Award for Clean
Technologies by The Ministry of Environment and Forests,
Government of India.
:: Mr. Kumar Mangalam Birla, Chairman of the Group,
presented the All India Management Association (AIMA)
Managing India Award 2010 for ' Business Leader of the
Year'. AIMA confers these awards to persons who are
“exemplary leaders who have made a fundamental
difference”.
:: Mrs. Rajashree Birla, Chairperson, Aditya Birla Centre for
Community Initiatives and Rural Development, awarded the
Global Golden Peacock Life Time Achievement Award for
Community Development for the year 2010 for
"Outstanding Contribution Towards Community Development
and Social Welfare".
:: Hindalco and Birla White declared winners in the Golden
Peacock Awards for Corporate Social Responsibility 2010
by an eminent international jury, headed by Justice P.M.
Bhagwati, the erstwhile Chief Justice of India.
:: The Aditya Birla Centre for Community Initiatives and
Rural Development team up with Columbia University's
research centre, the Columbia Global Centers' Earth
Institute in Mumbai, to become its principal partner. The
Earth Institute's goal is to help achieve sustainable
3. development primarily by expanding people's understanding
of the earth as one integrated system.
2009
:: Grasim's pulp and fibre division wins the highly prestigious
Asian CSR Award. The Asian CSR Awards, Asia's Premier
CSR Awards program, is a project of the Asian Institute of
Management, Manila.
:: The Ministry of Labor and Social Welfare, Government of
Thailand confers “The Best Labor Relations and Welfare
Award, 2009” on Indo Thai Synthetic Company Limited.
:: Birla Sun Life Mutual Fund named "The Asset Management
Company of the Year, India", by the Hong Kong based
magazine, The Asset, in the country awards category of
their "Triple A Investment Performance Awards 2009".
:: CNBC TV18 Crisil recognises Birla Sun Life Mutual Fund as
"The Mutual Fund House of the Year" in 2008 and 2009
(for 2007 and 2008), creating history as the only fund
house to have won this recognition in two consecutive years.
:: Birla Sun Life Mutual Fund named the best "Onshore Fund
House — India" by Hong Kong based magazine, The Asian
Investor, at the Investment Performance Awards 2009.
:: Rajiv Gandhi Award for Eminence in Social Field, 2009
conferred on Mrs. Rajashree Birla by Mr. Jyotiraditya
4. Scindia (Union Minister of State, Commerce & Industry) on
19 August 2009. The award recognises Mrs. Birla's
pathbreaking work among the poor, more so in India's
villages, carried out through the Aditya Birla Centre for
Community Initiatives and Rural Development.
:: Idea Cellular wins the Economic Times' "Emerging Company
of the Year Award for 2009".
:: Vikram Cement and Aditya Cement wins the Federation of
Indian Mineral and Industries' "Social Awareness Award
for the year 2008-09".
:: Reader's Digest Pegasus Star Award conferred on Hindalco
in recognition of work that truly exemplifies the highest
values of society and corporate leadership for social
responsibility and sustainable development initiatives. Mrs.
Rajashree Birla who spearheads all the Group's social
projects received this much coveted award on behalf of
Hindalco from Mr. Arun Jaitley, MP, Rajya Sabha, on 21
January 2009 in Delhi.
2008
:: The President of India, Mrs. Pratibha Patil confers the
much coveted Rotary International Polio Eradication
Champion Award on Mrs. Rajashree Birla in an elegant
function at the Rashtrapati Bhavan (Delhi), attended by the
Chairman, select Rotarians and WHO officials.
5. 2007
:: The Aditya Birla Group honoured with the India Today
Group's Readers Digest Gold award in recognition of the
work that truly exemplifies the highest values of society as
well as those of Reader's Digest. The award was received
by Mrs. Rajashree Birla, Chairperson, Aditya Birla Center
for Community Initiatives and Rural Development, at the
Pegasus Corporate Social Responsibility Awards 2007
function.
:: Hindalco awarded the CII - Sorabji Green Business Centre
"National Award for Excellence in Water Management
2007".
:: In May 2007, Novelis becomes a Hindalco subsidiary with
the completion of the acquisition process. The transaction
makes Hindalco the world's largest aluminum rolling
company and one of the biggest producers of primary
aluminum in Asia, as well as being India's leading copper
producer.
2006
:: Hindalco enters into a joint venture with Almex USA Inc.
:: TransWorks Information Services announces success of bid
to acquire Minacs Worldwide.
:: Grasim Industries Limited, India; Thai Rayon Public
Company Limited, Thailand; and P.T. Indo Bharat Rayon,
Indonesia, form a JV with Hubei Jing Wei Chemical Fibre
6. Company, China, for VSF.
2005
:: Indian Rayon re-christened as Aditya Birla Nuvo.
:: Aditya Birla Group to set up a world-class aluminium project
in Orissa.
:: The Aditya Birla Group signs a framework agreement to
acquire St Anne Nackawic Pulp Mill, Canada.
2004
:: Board reconstituted with Mr. Kumar Mangalam Birla taking
over as Chairman.
:: Completion of the implementation process to demerge the
cement business of L&T and completion of open offer by
Grasim, with the latter acquiring controlling stake in the
newly formed company UltraTech.
:: Grasim, Nagda, receives the FICCI Annual Award
2003-2004 in recognition of corporate initiaitve in rural
development.
:: Aditya Birla Chemicals (India) Limited, Rehla, Jharkhand,
receives the
FICCI Annual Award 2003-2004 in recognition of corporate
initiative in family welfare.
:: Hindalco recieves India CFO Award 2004 for excellence in
finance in a large corporate.
:: Scheme of Arrangement announced to merge Indal with
7. Hindalco.
:: Indian Rayon completes its brownfield expansion of
40,000tpa at Hi-Tech Carbon, Gummidipundi, taking total
capacity to 1,60,000tpa.
:: Deming Award for Indo Gulf.
:: Indal won FICCI Award 2002-2003 for 'Corporate
Initiative in Rural Development'.
2003
:: Mr. Kumar Mangalam Birla, Chairman of the Group, selected
as Business India's Businessman of the Year - 2003.
:: Mr. Kumar Mangalam Birla selected as The Economic Times'
Business Leader of the year.
:: The Group is ranked 16th in India's first ever survey of
'Great places to work in', published in Business World
magazine. The Group's joint venture concern, Birla Sun Life
Insurance, is ranked 9th in the same study.
:: The Group is ranked 20th in a study on the 'Best Employers
in India', conducted by Hewitt Associates and Business
Today.
:: Hindalco receives the Asian CSR Award for its "Rural
Poverty Alleviation Programme". The Asian CSR Awards are
Asia's premier awards programme on corporate social
responsibility.
8. :: The Group acquires the Mount Gordon Copper mines in
Australia, another strategic step in becoming a globally
competitive copper player.
:: Liaoning Birla Carbon, the Group's first carbon black
company in China, is incorporated.
:: Indian Rayon acquires TransWorks, a leading Indian ITES /
BPO company.
:: The board of engineering major Larsen & Toubro Ltd (L&T)
decides to demerge its cement business into a separate
cement company (CemCo), in which L&T will retain 20 per
cent of its equity with the balance to be distributed to
their shareholders in proportion to their shareholding in
L&T. As a consequence, Grasim to acquire an 8.5 per cent
equity stake from L&T and then make an open offer for 30
per cent of the equity of CemCo, to acquire management
control of CemCo.
:: The Group divests its entire 37.38 per cent equity stake in
Mangalore Refineries and Petrochemicals Ltd (MRPL) to the
Oil and Natural Gas Corporation (ONGC).
:: Birla Copper acquires the Nifty Copper Mines in Australia,
as part of a strategic plan to make the company an
integrated copper producer, and source raw material for its
copper smelter at Dahej, Gujarat.
:: Indian Rayon formally launches its insulators joint venture
with NGK Insulators Ltd., Japan, christening it as "Birla
NGK Insulators Private Limited.
9. :: Birla Copper, a strategic business unit of Hindalco, is
accorded London Metal Exchange (LME) registration. Its
copper cathodes are approved as 'Grade A' copper brand by
LME.
2002
:: The Grasim board approves an open offer for purchase of
up to 20 per cent of the equity of L&T, in accordance with
the provisions and guidelines issued by the Securities &
Exchange Board of India Regulations, 1997.
:: Grasim increases stake in L&T to 14.15 per cent (351.84
lakh shares).
:: Landmark corporate restructuring of Hindalco and Indo
Gulf. The fertiliser business of Indo Gulf to be demerged
into a separate company called Indo Gulf Fertilisers. Indo
Gulf's copper business to be merged with Hindalco,
creating a non-ferrous metals powerhouse.
:: Grasim divests its Gwalior unit to Melodeon Exports
Limited, and consolidated textile operations at a single
location in Bhiwani, MP, which will manufacture both
'Grasim' and 'Graviera' brands.
:: PSI Data Systems acquires Birla Technologies Ltd, bringing
the Group IT services business under one umbrella.
:: Indal acquires a controlling stake in Anapurna Foils Ltd
(AFL), to augment its position in the foil and packaging
sectors. Subsequently AFL is merged with Indal.
10. 2001
:: Grasim acquires 2.50 crore shares – representing just over
10 per cent of the equity – in L&T from Reliance Industries
Ltd.
:: Birla Consultancy & Software Services spun off; becomes a
separate entity called Birla Technologies Ltd.
:: Indian Rayon acquires a stake in PSI Data Systems, in one
of the largest cash transactions in the Indian technology
sector.
:: Grasim closes its pulp plant at Mavoor as a part of its
restructuring initiatives.
2000
:: Indian Rayon acquires Madura Garments and selected
overseas brand rights, taking the Group to the top of the
league in the branded apparels sector.
:: The Group forays into e-business through a strategic
alliance of its software arm, Birla Software and Consultancy
Services (BCSS), with Lawson Software (USA).
:: 'Gyanodaya', the Institute of Management Learning of the
Aditya Birla Group, inaugurated.
:: Hindalco acquires Indal. The Indal board is reconstituted.
Mr Kumar Mangalam Birla became Indal's new chairman.
The Group holding went up to 74.6 per cent, and further
increased to 96 per cent in FY03.
11. :: The Insurance Regulatory Development Authority (IRDA)
grants registration in principle to Birla Sun Life Insurance
Company.
:: Indian Rayon acquires major world rights for international
apparel brands Louis Philippe, Allen Solly and Peter England.
:: The Group announces its intention to launch a 450 MW
'Green Power Project' in Karnataka .
:: The merger of Birla AT&T and Tata Cellular is completed.
1999
:: A joint venture with financial services major Sun Life of
Canada is inked, as part of the overall restructuring of the
Group's financial services business.
1998
:: The Group forms a 50:50 joint venture company with
Tembec Inc. of Canada, called A.V. Cell Inc., to supply pulp
for the Group's VSF operations.
:: Grasim acquires Dharani Cement and Shree Digvijay Cement
to consolidate the Group's leadership position in cement.
:: The cement businesses of Indian Rayon and Grasim are
consolidated into a single division of Grasim – the biggest
restructuring ever by any corporate entity in India.
:: The Group forays into copper with the commissioning of
Indo Gulf's copper smelter – the largest of its kind in
India.
12. :: Thai Organic Chemicals begins commercial operations of
chlor-alkali and epichlorohydrin.
1996
:: To honour the memory of the late Aditya Birla, a new
corporate logo – Aditya, the rising sun – is launched.
:: All Group companies are consolidated under the umbrella of
the Aditya Birla Group, led by Mr Kumar Mangalam Birla.
:: P.T. Indo Liberty Textiles is incorporated to manufacture
yarn in Indonesia.
1995
:: The Group enters the telecommunications sector through a
joint venture with AT&T (USA).
:: Thai Sulphites & Chemicals is incorporated to manufacture
sodium sulphite and sodium metabisulphite.
1994
:: The Birla Growth Fund is renamed Birla Global Finance
Limited, as its span of operations expands.
:: Alexandria Carbon Black, the Group's first joint venture
with the Egyptian government, is established.
1992
:: Thai Epoxy and Allied Products commences production of
13. epoxy resins in Thailand.
1991
:: Pan Century Oleochemicals commences production of fatty
acids and glycerine in Malaysia.
1990
:: Mr. Kumar Mangalam Birla gets actively involved in the
Group's operations.
1989
:: Thai Peroxide commences manufacturing of hygrogen
peroxide solutions in Thailand.
1988
:: The government liberalises the petroleum industry. The
Aditya Birla Group enters into a joint venture with
Hindustan Petroleum Corporation Ltd to set up a three-
million-tonne refinery, Mangalore Refineries and
Petrochemicals Ltd (MRPL), at Mangalore, Karnataka.
1987
:: Indian Rayon is renamed Indian Rayon and Industries
Limited (IRIL), to reflect its wide horizon of activities.
14. :: Thai Acrylic Fibre is incorporated to produce fibre and tow.
1986
:: The Birla Growth Fund set up to finance industrial
equipment, plants and machinery, and consumer durables, as
well as for stock market operations.
1985
:: India's first gas-based fertiliser plant in the private sector
– Indo Gulf – goes on stream at Jagdishpur, UP.
1984
:: Thai Polyphosphates and Chemicals commences production
of sodium phosphates in Thailand.
1982
:: P.T Indo Bharat Rayon established. It was the first
producer of Viscose Staple Fibre in Indonesia.
1978
:: Thai Carbon Black, the Group's first carbon black company
incorporated in Thailand.
1977
15. :: Pan Century Edible Oils incorporated in Malaysia. It went on
to become the world's largest single-location palm oil
refinery.
1975
:: The Indo Phil Group of companies, the first Indo-Filipino
joint venture commences production of spun yarn.
1974
:: Thai Rayon, the Group's Viscose Rayon Staple Fibre
business incorporated in Thailand.
1973
:: P.T. Elegant Textiles established to manufacture spun yarn.
It marked the Group's first venture in Indonesia.
1969
:: Mr. Aditya Birla sets up Indo Thai Synthetics Company Ltd,
the Group's first overseas company.
1967
:: Hindalco sets up a captive power plant at Renusagar – a
significant strategic move.
16. 1966
:: The Indian Rayon Corporation Ltd is acquired.
1965
:: Mr. Aditya Birla, grandson of the legendary Ghanshyamdas
Birla, starts the Eastern Spinning Mills & Industries.
1962
:: Hindalco commences production at its aluminium complex at
Renukoot, UP.
1958
:: Hindalco is incorporated.
1947
:: Grasim is incorporated. It commences operations with a
small rayon weaving unit at Gwalior, MP.
1919
:: Ghanshyamdas Birla, grandson of Shiv Narayan Birla, sets
up the first Birla jute mill, marking his entry into the
manufacturing sector. Rapid business expansion followed.
1857
:: The foundation of the Birla Group of Companies laid by
17. Seth Shiv Narayan Birla – cotton trading operations
commenced at Pilani, Rajasthan.
Globally, the Aditya Birla Group is:
:: A metals powerhouse, among the world's most cost-
efficient aluminium and copper producers. Hindalco-Novelis
is the largest aluminium rolling company. It is one of the
three biggest producers of primary aluminium in Asia, with
the largest single location copper smelter
18. :: No.1 in viscose staple fibre
:: The fourth-largest producer of insulators
:: The fourth-largest producer of carbon black
:: The fifth-largest producer of acrylic fibre
:: The eighth-largest cement producer
:: Among the best energy-efficient fertiliser plants
In India:
:: One of the leading cement producers
:: The top fashion (branded apparel) and lifestyle player
:: The second-largest producer of viscose filament yarn
:: The second-largest in the chlor-alkali sector
:: Among the top four mobile telephony companies
:: Among top 10 Indian BPO companies by revenue size
:: A leading player in life insurance and asset management
:: Among the top three supermarket chains in the retail
business
Beyond business
Transcending business for over 50 years now, the Group
has been and continues to be involved in meaningful
welfare-driven initiatives that distinctly impact the quality
19. of life of the weaker sections of society in India, South-
East Asia and Egypt.
In India, the Group's social projects span 2,500 villages. It
reaches out to seven million people annually through the
Aditya Birla Centre for Community Initiatives and Rural
Development, spearheaded by Mrs. Rajashree Birla. Its
focus is healthcare, education, sustainable livelihood,
infrastructure and espousing social causes.
The Group runs 42 schools, which provide quality education
to over 45,000 children in India's interiors. Of these, over
18,000 children receive free education. An additional
8,000 students receive merit scholarships. Likewise at its
18 hospitals in India, more than a million patients are given
extremely subsidised medical care. To embed corporate
social responsibility as a way of life in organisations, the
Group has set up the FICCI – Aditya Birla CSR Centre for
Excellence, in Delhi.
The Group transcends the conventional barriers of
business and reaches out to the marginalised because of
its conviction of bringing in a more equitable society.
Our Vision
20. To be a premium global conglomerate
with a clear focus on each business.
Our Mission
To deliver superior value to our customers,
shareholders, employees and
society at large.
Our Values
Integrity
Commitment
Passion
Seamlessness
Speed
Our focus areas
Our rural development activities span five key areas and our
single-minded goal here is to help build model villages that can
stand on their own feet. Our focus areas are healthcare,
24. Health and family
welfare
Mobile clinics -
doctors visit once
a week
Medical camps -
general and issue-
based
Health training and
awareness
Sanitation -
25. toilets, training,
smokeless chullahs,
biogas
Safe drinking
water
Mother and child
health
Reproductive
health
Awareness building
26. Sustainable
development and
livelihood and
agriculture and
watershed
development
Self-help groups
SGSY - dairy,
readymade garments,
jute project, basket
making, aggarbati
making, bee keeping,
durrie making.
Check dam
27. Irrigation
Land development
Soil and water
conservation
Pasture development
Social forestry/
plantation activities/
nursery
Horticulture
Farmer training
30. Social causes
Widow / dowry-less
mass marriages
Women empowerment
Awareness drives on
knowledge, attitude
and practices
31.
32. About Us
The Aditya Birla Schools offer co-educational Primary Education, CBSE Board
and State Board affiliated Higher Secondary Education in 11 states
across India. What started out as an Employee Wellness exercise is now
building surrounding communities in these states. Currently 40500 students
receive holistic education in various schools across India. One of the key focus
areas of the Group is education. Whether through Aditya Birla Schools or
community welfare programmes. The Group has set aside an annual budget of
Rs.20 crore to educate children of Group employees at various units and the
neighbouring villages
Vision
To provide holistic education that seeks to realize every student’s potential
and enriches the community around it
Mission
To make education relevant, meaningful and interesting so that our students
are ready to meet the challenges of an ever changing global environment
School Philosophy
The Aditya Birla Schools believe that schools must be vibrant centres of
learning. Which is why education is not limited to academic excellence, but also
extends to life enriching fields like music and sport
We believe that students learn best under an atmosphere that is open, caring
and conducive to learning. And that, collaboration between students, parents,
teachers and management can together build communities, strengthen
educational opportunities and develop strong value systems
Code of Conduct
All staff members of the Aditya Birla Schools will conduct themselves with
integrity in their public and private lives. They will lead by example. Teachers
will attend to their duties with care and commitment, be punctual in
attendance, be dignified in their behaviour and will fulfill the responsibilities
given to them by the school authorities. They will abide by the rules and
33. ONE MAN’S DREAM, EVERY MAN’S HOPE
Aditya Birla Memorial Hospital (ABMH) is a multi-speciality
medical centre located at Pimpri-Chinchwad in the west
Indian state of Maharashtra. The quaternary healthcare
centre provides high quality and cost-effective medical
services. A tribute to the visionary founder of the Aditya
Birla Group, the hospital fulfils the late Mr. Aditya Vikram
Birla’s dream of building a world-class healthcare facility in
India.
Aditya Birla Memorial Hospital –
A REPSONSIBLE CITIZEN
34. • Aditya Birla Memorial Hospital believes that, as a
socially responsible organization, it should encourage
the development of society and play an active role in
the development.
• That is, the ABMH aims to contribute to society by
helping to further the development in many
worthwhile social causes.
• We strive to be consistent and systematic in carrying
out our social contribution activities.
HUMAN RESOURCE DEVELOPMENT :-
The future success of any organization relies on the
ability to manage a diverse body of talent that
brings innovative ideas, perspectives and views to
work. The challenge and problems of workplace
diversity is turned into a strategic asset if an
organization is able to capitalize on the available
talents and your Company continuously works
towards achieving this objective. The total number
of employees as on March 31, 2007 was 684 as
against 573 employees at end of previous year. The
35. attrition rate of the Company has reduced to 18% as
against last year’s rate of 24%. Your Company plans
to increase its thrust on human resource
development with ‘Peoplecentricity’ as its Human
Resource theme in FY 07-08 across the globe. Your
Company has taken several initiatives to retain and
groom talent at all levels of the organisation.
Among Human Resources initiatives taken during the
FY 2007- 08 to retain and groom talent are:
1. Created new channels of communication.
2. Geography wise HR partners to aid employee interaction.
3. PSI Buddies for all new hires on their date of joining
the
organization.
4. Initiated Speak your Mind : projects interface with HR.
36. 5. Various spot awards and informal rewards recognizing
deserving PSIans.
6. Training boot camp for freshers.
7. Strengthen the Training and Competency function,
introducing the Monthly training calendars.
8. Employee integration activities to foster fun at
workplace.
9. Routine medical check ups of project team members.
PURPOSE OF HR POLICIES:-
HR policies allow an organisation to be clear with employees
on:
• The nature of the organisation
• What they should expect from the company
• What the company expects of them
37. • How policies and procedures work at your company
• What is acceptable and unacceptable behaviour
• The consequences of unacceptable behaviour
HR POLICIES OF ADITYA BIRLA GROUP
Drug-Free Workplace
The use and misuse of drugs and alcohol can
threaten Company ABC and its clients. The
possession, use or sale of illegal drugs, (including
drug paraphernalia) is prohibited. The misuse of any
38. legal drugs and/or the use of alcohol, while on
Company time or during breaks or meals, is strictly
prohibited.Any employee under the influence of
alcohol or drugs that may impair judgment,
performance or the
safety of the employee or others while on Company
property, Company business, or during work hours, is
subject to discipline including termination.
Employees are required to promptly notify Company
ABC if they are taking any medication that may
affect their judgment, performance or behavior.
Group Gowth policy :
Having an aggressive growth plan with structured people
processes that provide flexibility for individual creativity
has worked well for the Group, says Misra. "The
organisation's strength has been its high quality talent and
39. strong financials, which help to further build on their
leadership positions; and the freedom for employees to
charter their career path of choice across businesses
spread across 20 countries in six continents where Aditya
Birla Group has a presence."
Standards of Professional Conduct:
The Employer ABC Code of Professional Responsibility
provides that employees shall:
• Comply with and abide by all rules and regulations.
• Comply with and abide by all State and Federal laws and
regulations.
• Maintain the highest professional standards.
• Commit no act of forgery or alteration of ABC documents
or records.
• Commit no act of theft, damage or destruction of
Employer ABC's or property.
• Cause no physical harm to any employee of ABC.
• Engage in no activity that obstructs the administration of
disciplinary procedures or review
• Make no unauthorized commitments or promises binding
Employer ABC or any of its employees
Other HR schemes:
40. Aditya Birla Group classifies its various HR initiatives over
the last five years into the following categories:
recruitment and staffing, nurturing talent, performance
management, opportunities for learning, rewards and
recognition, Group-wide people process, quality of life
beyond work, and integrating effectively.
Development assessment centres (DACs):
DACs have been designed to support managers in assessing
and developing their capabilities. Over 1,200 managers
across all management levels have participated in the DACs
since 2003. Post-DAC, the developmental goal for an
individual, in terms of priorities for learning and
development experiences to move to the next career
stage, is captured through the individual development plan
(IDP). These are monitored on a real time basis for
tracking implementation on the Peoplesoft platform.
Talent reviews:
A three-tier annual talent review process, held at the unit
level, business level and Group level, ensures a focused
approach to the implementation of lDPs. The review
discussions provide meaningful input into the career and
succession planning process.
41. Talent engagement:
Business heads anchor programmes aimed at developing
leadership potential and are personally involved in the
design of specific courses. Other initiatives, such as the
Chairman's Challenge and Ideas Unlimited, provide in depth
engagement opportunities with hi-potentials.
Career moves and succession plans:
Three-tier succession planning ensures that there is
adequate leadership bench strength for all critical
positions. Over 300 managers have moved into identified
business critical roles at the senior and middle
management levels as a consequence of their individual
development plans. Most business critical positions have
identified succession plans.
