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    Itc Limited

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    Ashraf Ali
    ITC Limited is an Indian conglomerate established in 1910 as Imperial Tobacco Company. It has diversified into FMCG, hotels, packaging, IT, and agribusiness with revenues of $8.31 billion in 2013. ITC employs over 26,000 people and recruits through internal promotion, direct hiring, and indirect methods like campus placements. Core values include trusteeship, customer focus, respect for people, excellence, innovation, and nation orientation. Stakeholder engagement identifies key issues like personal development, caring work environment, safety, and competitive compensation. Materiality analysis prioritizes these based on importance and sensitivity using a three-pronged approach. ITC maintains low attrition through competitive pay, stock options, entrepreneur

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    Itc Limited

    Uploaded by

    Ashraf Ali
    8 views9 pages
    ITC Limited is an Indian conglomerate established in 1910 as Imperial Tobacco Company. It has diversified into FMCG, hotels, packaging, IT, and agribusiness with revenues of $8.31 billion in 2013. ITC employs over 26,000 people and recruits through internal promotion, direct hiring, and indirect methods like campus placements. Core values include trusteeship, customer focus, respect for people, excellence, innovation, and nation orientation. Stakeholder engagement identifies key issues like personal development, caring work environment, safety, and competitive compensation. Materiality analysis prioritizes these based on importance and sensitivity using a three-pronged approach. ITC maintains low attrition through competitive pay, stock options, entrepreneur

    Original Description:

    Acquisition, Retention and engagement processes used at ITC

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    ITC Limited is an Indian conglomerate established in 1910 as Imperial Tobacco Company. It has diversified into FMCG, hotels, packaging, IT, and agribusiness with revenues of $8.31 billion in 2013. ITC employs over 26,000 people and recruits through internal promotion, direct hiring, and indirect methods like campus placements. Core values include trusteeship, customer focus, respect for people, excellence, innovation, and nation orientation. Stakeholder engagement identifies key issues like personal development, caring work environment, safety, and competitive compensation. Materiality analysis prioritizes these based on importance and sensitivity using a three-pronged approach. ITC maintains low attrition through competitive pay, stock options, entrepreneur

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    Download as pptx, pdf, or txt
    8 views9 pages

    Itc Limited

    Uploaded by

    Ashraf Ali
    ITC Limited is an Indian conglomerate established in 1910 as Imperial Tobacco Company. It has diversified into FMCG, hotels, packaging, IT, and agribusiness with revenues of $8.31 billion in 2013. ITC employs over 26,000 people and recruits through internal promotion, direct hiring, and indirect methods like campus placements. Core values include trusteeship, customer focus, respect for people, excellence, innovation, and nation orientation. Stakeholder engagement identifies key issues like personal development, caring work environment, safety, and competitive compensation. Materiality analysis prioritizes these based on importance and sensitivity using a three-pronged approach. ITC maintains low attrition through competitive pay, stock options, entrepreneur

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    of 9

    ITC LIMITED

    BACKGROUND
    It was established in 1910 with the name Imperial Tobacco
    Company Ltd
    In 1974, the name was changed to Indian Tobacco Company Ltd
    Has a revenue of USD 8.31 billion and a net income of USD 1.45
    billion
    It is into various sectors like FMCG, HOTELS, PACKAGING, IT,
    AGRI BUSINESS ETC
    In FMCG sector, it is into making cigarettes, different packaged
    foods, lifestyle retailing, personal care etc
    As of 2013, ITC has 26000 employees

    Recruitment Process at
    ITC

    Methods of recruitment:

    INTERNAL METHOD
    DIRECT METHOD
    INDIRECT METHOD
    Selection Process:
    Phase 1: Screening of the application
    Phase 2: Preliminary Testing
    Phase 3: Interview

    CORE VALUES OF ITC


    TRUSTEESHIP
    CUSTOMER FOCUS
    RESPECT FOR PEOPLE
    EXCELLENCE
    INNOVATION
    NATION ORIENTATION

    ENGAGEMENT ACTIVITES AT
    ITC

    PROCESS ADOPTED FOR EE


    STAKEHOLDER CONSULTATION KEY ISSUES
    MECHANISM
    EMPLOYEES

    Induction/Training
    workshops

    Personal development
    and growth

    Individual
    performance appraisal

    Caring and
    empowering work
    environment

    Employee engagement Employee safety


    surveys
    Grievance handling
    processes

    Grievance resolution
    Competitive
    compensation

    PRIORTIZATION OF KEY CONCERNS

    The Importance and sensitivity of a stakeholders issue is decided upon


    using MATERIALITY ANAYSIS
    ITCs materiality analysis is based upon the following three pronged
    approach

    MATERIALITY MATRIX OF
    ITC

    EMPLOYEE RETENTION AND


    ATTRITION RATE AT ITC
    ITCs attrition rate is generally maintained
    below the industry averages every year
    The attrition rate at the senior management
    level has been almost zero over the past 17
    years
    Lifer workforce has become ITCs DNA
    TANGIBLE REASONS FOR SUCCESSFUL
    RETENTION
    Competitive and contemporary Remuneration
    and Reward Structure
    Employee stock options

    INTANGIBLE REASONS FOR SUCCESSFUL


    RETENTION
    The spirit of entrepreneurship
    Opportunity to build brands
    Start new businesses from scratch
    A sense of ownership

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