At UTI AMC, we have consciously created a positive
working environment promoting employee safety, growth
and goal attainment. All our efforts are directed towards
encouraging our employees to perform to their highest
ability. We strongly believe that our ability to continue
delivering value for all stakeholders centres around
our ability to attract, develop and retain dedicated and
talented people. Our focus is on building a team that is
inspired by our purpose and attracting individuals who
take emotional ownership of what they do.
Our success directly depends on our team of employees. And so, we are continually implementing several measures to strengthen our workforce further and improve their motivation and development. For example, we provide merit-based employee compensation, which is benchmarked to our industry and will continue doing so in future. Further, we use a balanced scorecard system as part of our performance management system. It facilitates a holistic assessment of our employees’ performance, supporting our ‘pay for performance’ culture.
Our Company has always emphasised and will continue to focus on training and development of our employees. To this, we first identify short and long-term organisational capability requirements. Then we establish training and development strategies and plans aligned to our business objectives. Our mentoring programme further supports the professional growth and development of the Company’s new hires.
Besides, our Employee Share Ownership Plan (ESOP) fosters a culture of ownership and alignment of employees’ interests with that of our business. We believe this ownership model and our emphasis on teamoriented management is likely to further promote a shared sense of purpose with our clients. Additionally, it will help contribute to low staff turnover and attract and retain quality talent critical to our success.
We will also continue to pursue our strategy of external recruitment from the market and merit-based internal promotions, with a particular focus on recruiting young talent.
|Inputs||Outcomes||Capitals Impacted||Stakeholders Impacted|
373 Female employees
INR 379 crore Employee benefit cost
22 Training and skill development programmes
5,919 Hours of training conducted during the year 2020-21
|702 employees trained during the year||
At UTI AMC, we endeavour to create an atmosphere where employees are constantly motivated and self-driven to achieve their personal and business goals. Therefore, we will continue to provide industry-benchmarked salaries, incentive-based compensation (including ESOPs) and conduct specific training programmes.