Sanmar’s Cutting Edge HR Practices
In its pursuit of excellence, The Sanmar Group has over the last several decades developed and followed some finely honed people management practices. As N Sankar, Chairman, stresses, these are founded on the principle of ‘fair, transparent and objective treatment of all employees, superscribed with the practical realities of people management in a typically Indian cultural background’.
The Group believes that its people policies should be rooted in an overarching philosophy that will guide all its businesses, present and future; that the rationale behind these, which should be recorded for posterity, should be amenable to review and mid-course correction; and address the expectations and aspirations of the company and its employees.
Sanmar’s people philosophy manual covers the core areas of integrity and transparency, career development, performance culture, compensation and rewards, administrative support, exit and re-employment and corporate image.
The cutting edge HR practices followed by the Group include an all-cash remuneration package, recognition of the need to fight for retention of talent, identifying the value of employees and using a variety of measures to enable them to reach their highest potential.
The Group’s policy-making process is designed to ensure employee participation before a policy is formulated. ‘This means that ‘constructive confrontation’ is encouraged and actually built in to the system as a process.
A salient feature of the Group’s cutting edge HR practices is that it is uniform, impartial, transparent and fair to all employees across locations.
In a nutshell, the Sanmar people philosophy directs the Group’s HR policies to facilitate performance, promote trust in the organization and the management, and treat employment as something more meaningful than a contract between employer and employee.
These cutting edge HR practices are not just a list of employee entitlements, but an expression of the soul of the Group’s philosophy, an elaboration of the touchstones against which it is formulated, evaluated and reviewed.
About The Sanmar Group:
The Sanmar Group is a multinational US $ 1 billion conglomerate headquartered in Chennai, India and has manufacturing facilities in India, the US, Mexico and Egypt. Sanmar is engaged in three key business sectors – Chemicals (including Speciality Chemicals), Engineering (Products and Steel Castings) and Shipping.
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