Apollo Munich Health Insurance bags People Capital Index award
The People Capital Index, has awarded Apollo Munich Health Insurance for being one of India’s top 50 with a high degree of employee satisfaction about its talent development efforts and programs.This was announced at the HR leadership summit, Leading From Behind, where the 50 companies that ranked high as per the findings of the PCI, were felicitated.
The PCI for companies in India is the first significant and deep dive into employee perception of how well their organizations are working on developing their people capital. Jombay, one of India’s fastest growing talent assessment and development companies, conducted extensive anonymous surveys of mid-managers in different organizations via social and online media and internal company referrals to obtain their inputs.
For a company to qualify for evaluation per the norms of India’s PCI, a minimum of 30 of its mid-management level employees should have taken the anonymous online survey. By that yardstick, 180 Indian companies had qualify to be in the PCI race; of these, 50 were felicitated. PCI released a list of the Top 50 PCI score companies in alphabetical order without a ranking. So the HR policies, programs and initiatives for talent development at Apollo Munich have been acknowledged as being among the best across Indian enterprise.
The British Standards Institution (BSI), the world’s most experienced Standards Body and founding member of ISO, has been the standards & audit partner for PCI.
Venkataram Arabolu, managing director - BSI Group India Pvt Ltd, said, “After carefully evaluating the process, scoring and methodology of Jombay's PCI, we believe that this benchmarking index, has a lot of potential to become a global standard for talent development.
Suruchi Wagh, Co-founder and CPO of Jombay, said, “We are delighted to have given Indian enterprise its first survey,apollo munich claims in press conference on ‘people’ in India that provides a deep-dive on the human capital development efforts of an organization. Apollo Munich Health Insurance, which is amongst the best 50 Indian companies on PCI, is not only powering talent development, but also setting an example with great takeaways for the entire HR fraternity in India. The HR team at Apollo Munich should be very proud indeed. The PCI also has many findings, takeaways and insights which, coming as they do from employee feedback, will help and guide HR practitioners a great deal in people development and thereby also combat attrition. We are confident that the PCI will become the People Development gold standard for all companies and HR professionals across Indian enterprise.”
Dr. Sriharsha Achar, Chief People Officer, Apollo Munich Health Insurance said, “Employees and Customers have always been at the focal point of whatever we do at Apollo Munich. It is a matter of pride and satisfaction that our employees have expressed great satisfaction with our HR policies and initiatives that are aimed at empowering them and enable them do their best every day. Our employees are our most precious asset, and this high rank on India’s first PCI is the most satisfying vindication of both, our HR policies and the focus and support of our top leadership for the growth and development of our employees.”
