IIPM, ADMISSIONS FOR NEW DELHI & GURGAON BRANCHES
All this talks highly about the fun and transparent culture that is followed at LG. Apart from this, LG also fosters a learning culture and every employee has to undergo a minimum training of eight days each year. Yet, Verma is of the opinion, the best training is the one that is learnt on the job as classrooms training is pretty redundant. Learning is also substantiated by empowering the lower level employees. Another USP of HR in LG is that despite being an MNC, the decision making is in the hands of the local managers.
LG also lays great emphasis on the reward mechanism. LG pegs highly on the variable component. If one is among the top 20% in terms of performance, then s/he can get about 10 months salary in the form of bonus for a year and the following 20% get about 9 months salary. A good relationship is built on compromise and a great deal of give and take on both sides Well life’s truly good for the ‘L’eading ‘G’uns of the Indian consumer durable industry, which adheres to this very philosophy.
Edit bureau: Surbhi Chawla
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Source : IIPM Editorial, 2008
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