Ranbaxy Laboratories Limited, India’s largest pharmaceutical company, has made a foray in this direction. To aid career development, Ranbaxy urges it’s employees to develop a distinct career path. The path is developed through a series of discussions between the employee and his manager. A plan is developed about the employees’ career aspirations and a very precise career path is laid out. The supervisors of the employees are also asked to share their views on the employees’ performance and thus, measures are taken to help the employees to reach their desired growth levels. “This helps us increase retention as well as develop a blueprint for succession planning,” states Bhavna Kataria, human resource manager, Ranbaxy.
Ranbaxy’s focus on creating value for the employee is further illustrated with their Mentorship Programmes. Ranbaxy believes that mentoring often functions as an important component of leadership development and also goes a long way in predicting career success. It aims not only at developing and building strong leaders, but also helps develop a loyal team of employees who know how to perform their jobs and how to turn to each other for advice. Through this programme, mentors can serve as sounding boards at critical points during a professional’s career development.
The HR function at Ranbaxy, facilitates the entire process to see that the mentor helps the mentee in every possible manner to overcome his inhibitions and fears.
Ranbaxy’s initiative is a learning for all organisations and human resource must encourage mentoring as a means to further transform their organisations into environments which are conducive to nurturing and developing employees.
AMIT BHARADWAJ
PGDM 2SEM
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