Wednesday, September 25, 2013

Creating employment opportunities in India - An interview with Laxmikanth Venkatraman (MD, Broadridge Financial Solutions India Pvt. Ltd.)

The opportunity should be open in both the urban and the rural sectors. Though the emphasis on the urban sector is constantly growing, I think we should have a mechanism to generate employment in rural India so that we develop holistically. And of course, the need of the hour is to retain our talent advantage by creating more employable workforce.

Q. Among the Fortune 500 companies only about 15 per cent of the most senior managers and only 3 per cent of the CEOs are women. How can we increase women presence in the boardroom, especially in India?
A. I look at the increased involvement of women in corporate world as a journey. I believe, we in a certain manner have started the journey, and the advent of IT has actually paved the way for its growth. And we are not alone; the scenario is the same across the globe.

Women have started entering the boardroom and we should be creating awareness and sensitivity across levels for that. It is time taking, no doubt, but is also rewarding. It is a movement and should be sustained with the right moves, rewarding initiatives and more open mindset.

Q. What are some of the key initiatives that the top boss can take to assist HR in maintaining and improving the employer brand?
A. The top boss can instill a philosophy that everybody is a brand owner and the individual needs to feel that way. To instill that confidence in everyone and make everybody realise the vision, to my knowledge, should be the priority of any CEO.

Q. As a CEO, you focus a lot on Broadridge’s HR practices. How has this CEO-HR partnership given Broadridge an edge over other firms?
A. My journey, as I have explained, so far could be the reason for giving me an edge.

Broadridge believes that talent is a competitive advantage to run a successful business. Acquiring talent and nurturing them is one of the value propositions of the HR department here. I personally believe in strong allegiance with the HR personnel for developing and advising our associates. And that is because when you choose your team wisely, the benefits to the environment are clear – intellectual, analytical, open-mindedness, and fun; a diverse group combining all the best qualities. Click here to read more...

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