The significant HR initiatives begin realigning the focus of the employees in all the functions at all the locations as well through series of Training Workshops by well acclaimed Consultant on ‘Theory of Constraints (TOC)’ covering key points including focusing on ‘Throughput’ rather than just Sale and/or Productivity; focusing on Free Cash Flow / Cash Velocity by optimizing OE & minimizing Inventory; identifying Weakest Constraint in the process of achieving defined objective and apply resources to remove that constraint first and then next weakest and so on; and Continuous improvement / BTB (Better Than Before).These initiatives are resulting in positive developments across the organization and building up a better aware synergized team conducive for an effective organization. Taking clue from the TOC learning, a thorough review of the Organization Structure resulted in strengthening some of the critical functions in terms of appointing competent personnel in the concerned leadership roles. Though, challenges with ongoing slow-down continued this year as well across the country, efforts made effectively in order to retain the talent with traditional as well as innovative retention strategies. With continued efforts to improve the female workers/employees ratio, particularly at the shop floor, in-line with the national policy of gender equality and policy to restrict the sexual harassment, there has not been any case of sexual harassment reported and homogeneity of the Work environment is maintained. The company’s concerns for welfare of its workforce continued during the year and accordingly Group pension/Accident Insurance policy/ESI/WC policies were continued further as in the past. The company has been consistently maintaining harmonious & cordial relations with the employees at all the locations. The Company continues to lay emphasis on building and sustaining an excellent organizational culture focusing on performance
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