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| Our corporate culture is defined by our performance ethic. Our performance-based culture provides you the necessary empowerment, delegation of responsibility and calculated risk taking. Our ongoing endeavour is to create an organizational culture where talent can thrive and get rewarded. To do so, we strive to make the workplace one which focuses on superior performance and reward people who set stretch goals and deliver exemplary performance. |
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 Performance Tools & Processes |
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| At Godrej, we are strongly focused on enhancing overall productivity and performance through innovative use of performance tools and processes. These range from system driven processes to satisfaction surveys, to well entrenched incentive programmes. Godrej is a great place to work because of its culture, which is a blend of innovation and performance in an open, informal setting. |
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| EVA |
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We are strongly focused on Economic Value Added (EVA) philosophy and we have introduced several programmes with the specific objective of maximizing EVA. This has improved capital efficiency and overall business performance. Following the concept of EVA encourages greater owner - like and entrepreneurial behaviour. Our Incentive plan is linked to changes in EVA as also the goal setting process. The uniqueness of the process is that there is no caps and no floors in the pay off profile.
There is a bonus bank in place which encourages long term focus and smoothes impact of business cycles.
The EVA based performance linked variable remuneration system is designed to reward individual performance as also team performance. |
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| PIP / Rewards |
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| Our Performance Improvement Process (PIP) uses the Balanced Scorecard approach to reward people who set stretch goals and deliver exemplary performance. The Balanced Scorecard approach, developed by Robert Kaplan, is a unique way to drive business results. According to the approach, the performance of a business should not just capture the financial perspective like profits, revenue etc. but also look at the customer, business process and learning perspectives. The underlying emphasis of this approach is that the process of achieving the goal is as important as the goal itself and for any superlative performance, processes must be superlative too. |
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| Coaching |
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For your continuous growth and holistic development we frequently use the process of coaching. The coaching initiative, SPARK: Ignite the Genius strongly supports the process of performance management and consequence management. It equips managers with the skills needed to convert 'capacities' of people into desired 'competencies' and therefore performance.
Coaching is a process where coaches help others to develop their competencies and inspire them to achieve exceptional and outstanding performance. It drives superior performance, develops managers into leaders who can think and perform beyond boundaries and develops a winning team by creating an inspired workforce.
As people develop, they can take on bigger roles with greater responsibility, and thus advance in their careers. Coaching is a necessary competency to grow at Godrej. |
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Empowerment |
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| We recognize that you are looking beyond a good paycheck... |
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Snapshots |
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Performance Tools & Processes
Innovative use of performance tools and processes help in enhancing the productivity and performance. |
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EVA
Godrej has a strong focus on Economic Value Added (EVA) philosophy and has initiated many programmes. |
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PIP / Rewards
Performance Improvement Process (PIP) rewards people with exemplary performance. |
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Coaching
Continuous guidance in the form of coaching ensures continuous growth and holistic development of an individual. |
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