Sanjay Rishi - Ceo Speak - Best Workplaces Conference August 2012
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Transcript of Sanjay Rishi - Ceo Speak - Best Workplaces Conference August 2012
American Express India Becoming
A Great Place to Work
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Today’s Discussion
Our Company
The People Factor The Human Resources Context in India
What We’ve Learned
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Our Vision: “To Become the World’s Most Respected Service Brand”
Leading global payments and travel company
World’s largest issuer of charge and credit cards
Operations in 175 countries, 2300 offices around the globe, 60k+ employees
American Express India – largest employee base outside the US
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The People Factor
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The Human Resources Context in India
Growing hiring needs
Growing skill diversity
Performance oriented culture
Hot employment market
Increasing Gen Y representation
Low leadership tenure
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What We’ve Learned
Recruit for success
Build a differentiated workplace
Measure ‘engagement,’ not ‘satisfaction’
Make Diversity & Inclusion a key focus area
Ensure leadership commitment
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Recruit for Success
Involve your best performers in the hiring process – they will select people like themselves
Actively manage low performers to reduce variability
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Build a Differentiated Workplace
Engage with families through relevant programs
Promote preventive healthcare
Enable work-life integration Build a culture of performance and recognition
Focus on transformative engagement and build avenues to support
innovative thinking and risk taking among all employees
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Measure ‘Engagement,’ Not ‘Satisfaction’
Satisfied employees don’t produce results, engaged employees do
Employee engagement that transforms: when employees are motivated and empowered to think and act like business owners
Healthy employee environment
Productivity & customer satisfaction
Employee-driven innovation & change
Evolution of American Express’ Engagement Focus
PAST FUTURE
Leaders should leverage employee pulse results to drive engagement that transforms
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Make D&I a Key Focus Area
Underrepresented talent groups (e.g., women and differently-abled people) can open many new talent sources for organizations, especially in growth economies with “talent wars”
The employee base should reflect the changing face of the customer in order to better understand and address diverse customer needs
The new age customer is more aware, connected and demanding, and meeting his or her needs requires innovative and differentiated thinking
D&I drives financial performance Studies indicate that companies with the highest representation of women in top
management teams experience, on average, better financial performance than companies with the lowest female representation!
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Ensure Leadership Commitment
Through tangible linkage to Leadership Goals
Through inclusion in Leadership Competencies
Effective Leadership
leading to…
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Thank You