D. Engaging Talent

• Attracting and nurturing quality talent supported by significant investments in learning and development, a culture of care and concern and systems and processes that encourage engagement and involvement.

• Creating a responsive, stakeholder-centric and market-focused culture that enhances organisational capability and vitality.

Pension Obligations

• Employees’ Retirement Benefit Schemes funded through duly constituted and approved independent trusts.

• Provident Fund and Family Pension contributions in respect of unionised staff, as required by the statutes, deposited with the Government.

• There are different pension plans and obligations and these plans cover over 18,000 employees. These plans are fully funded in accordance with annual actuarial valuation. The expected rate of return on plan assets is based on the current portfolio of assets, investment strategy and market scenario. In order to protect the capital and optimise returns within acceptable risk parameters, the plan assets are well diversified. The funds are consistently sustained to meet requisite superannuation commitments.

Local Hiring & Senior Management

We recruit quality talent from premier campuses across the country through an objective and robust selection process. New employees are assigned to various businesses of the Company and are expected to be competent enough to work in any part of the country. We encourage local employment in the workforce in manufacturing and hotels, depending on the availability of requisite skills.