www.peopleandmanagement.com
CROWDSOURCING
IDEAS FROM GEN-Y
THE PROFIT
SHARING TRADITION
MATRIX
MENTORING
The matrix mentoring
program at Broadridge
Financial Solutions (India)
matches executive committee
level leaders across the
organisation with high
potential associates. A unique
structure has been designed
where each mentor receives
two mentees and each mentee
receives two mentors which
doubles the learning for
both mentors and mentees.
In an effort to be inclusive
of all, the mentee class is 70
percent women and 30 percent
men. During the mentoring
relationship, the participants
are given specifi c topics,
discuss chosen articles, and
work through leadership
models which serve as a great
way of harnessing a trusted
two-way relationship.
NTPC Ltd. provides a
gamifi ed idea generation tool
‘Brain Ticklers’ to facilitate
innovative ideas from Gen-Y
Employees: an online initiative
where employees conceptualise
their ideas/suggestions. The
idea is then endorsed by others
who can comment, contribute
to enhance the concept, and
add points to a particular idea
they support. When one such
idea gets implemented, all
the investors get rewarded.
It encourages everyone to
participate and a culture of
collective innovation and
creativity kicks off. As all ideas
are tracked and collected in one
place, it serves as a great tool
in opposed to the traditional
brainstorming sessions.
S.C. Johnson Products Pvt.
Ltd. takes pride in sharing
profi ts with all employees,
irrespective of tenure.
The quantum of amount
shared is based on employee
performance and job level.
All the new joiners who have
served for less than 6 months
in a fi nancial year are paid
token profi t share. While only
58 percent employees in India
believe that they receive a
fair share of profi ts made by
their company, S.C. Johnson
has been two steps ahead by
following the practice of profi t
sharing consistently for 99
years. This tradition has taken
root from the belief that wealth
must be shared with all those
who have helped to generate it,
building a sense of ownership
and long-standing loyalties.
Vol. 9 Issue 6 • Sep-Oct 2018, Noida / Pre-Event Edition |
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