Calibrating L&D Strategy For Succession Planning

Godrej and Boyce Mfg. Co. Ltd. leading with the approach of Holistic Development in organisational, Leadership and technical areas for employees across levels, thereby bridging the leadership, functional and technical gaps. The company has bagged the top mention for Best L & D for Succession Planning at BW HR L&D Excellence Summit and Awards 2021, on the 27th February 2021. Kanchan Sandal leading the L&D intervention at Godrej and Boyce Mfg. Co. Ltd in way of creating a shared understanding of organisation values, code of business conduct and ethics through Policies, value stories, COC nuggets and Mandatory Workshops across all levels on annual basis.

Keeping the present and future context in mind, the company is fostering employee advocacy and engagement through an effective onboarding process, IDPs, employee engagement initiatives, surveys and leveraging technology mediums like E-learning and self-paced learning.

Sharing the success of their initiatives, the organisation states that the percentage of employees who have experienced growth in the last 3 years is Senior Management- 45% and Middle Management- 42% also the initiatives have positively impacted talent retention across different levels.

Learning and Development strategy is driving future readiness for capability-building interventions thereby attracting talent. In matching the pace with digitization, organisation has thoroughly researched as per the learning need of the organization in order to enable Digital transformation. They lay heavy emphasis on E-Learning- Need-based curated learning modules, experience sharing by industry experts through masterclasses on varied topics, and including code of ethics and business in training programs.

The organizational strategy at Godrej and Boyce focuses on improving Speed and Agility at leadership level roles to be accountable for delivering results. The L&D strategy has been honed over the years with a focus on future-ready processes and evolving with the changing business needs. The company has showcased the continuously evolving L&D strategy and operations driving the performance culture and building capabilities through professional and personal development. Maintaining a healthy balance between business strategy and focus employee initiatives to drive the constant organizational overall growth.

Addressing the new dynamic challenges; Godrej and Boyce Mfg. Co. Ltd is leading change management initiatives, driving innovation, and successfully imbibing the digital culture in learning strategy.