5th Edition FTCCI HR Awards 2023 Presented for best practices in people processes

Hyderabad, March 15, 2024: The Federation of Telangana Chambers of Commerce and Industry (FTCCI) presented the 5th Edition of  FTCCI HR Awards 2023 in a function held at Federation House in Red Hills, on Friday night.
 
14 winners, both organisations and individuals were presented awards in different categories. GV Subrahmanyam, Chair, Industrial Tribunal, was Chief Guest and Dr Nirmalya Bagchi, Director General, ASCI, was guest of honour. They gave away awards along with FTCCI Leadership Meela Jayadev, President, Suresh Kumar Singhal, Sr Vice President and R Ravi Kumar, Vice President, Meela Sanjay, Chairman of HR Committee and Kalyan Duvva, Founder of SarvHR, knowledge partner to the awards. 
 
Speaking on the occasion GV Subrahmanyam said Judicial officials are supposed to possess few HR skills as well. HR needs more skills as they handle people. People are very important resources.  HR is like glue which holds the entire team and becomes a strategic partner.  Nobody is up to the mark.  The HR drive must take an employee up to his/her mark. 
 
Dr Nirmalya Bagchi said all of us deal with HR.  There is a HR quotient in each one of us.  So, we all are HR Managers.  Good HR processes make a simple man a superhuman being. 
 
The initiative aimed to identify the organisations following the best practices in people processes. It’s an initiative that recognises a company which supports successful HR processes and people with objectives, said Meela Jayadev, President of FTCCI.
 
If the nation has to reach 30 trillion US $ economy as envisaged by our Prime Minister Narendra Modi, the HR professionals who guide human resources thereby company is equally accountable, said R. Ravi Kumar, Vice President of FTCCI.
 
Meela Sanjay, Chairperson of the HR Committee said in the process of judging the awards it found two glaring trends.  One was that most companies focused on employee engagement activities and initiatives to increase their happiness quotient. Another trend found was a set of small and medium companies were way behind in using Technology in their HR Practices.
 
On the occasion, a report on organisations’ Best HR Practices was unveiled.
 
Kalyan Duvva, Founder of SarvHR speaking about HR Practices said small and medium organisations depend heavily on referrals for hiring when compared to large organisations.  It has been observed that the cost of hiring an employee in small and medium companies is 25% more than in large companies.  On average, 5.5% of new joiners depart the firm within the first six months across the industry. 
 
The winners of “Recognition Program- Best HR Practices 2022-23” in small, medium and large scale industries include: 
•    SMBXL Private Limited in the category of Talent Acquisition and Management (Small & Medium Scale Industry)
•    Datalink Software Private Limited in the category of Learning & Development (Small & Medium Scale Industry)
•    Smart IMS India Pvt Limited in the category of Performance Management Review Process (Small & Medium Scale Industry)
•    Balaji Railroad Systems Private Limited in the category of HR Technology (Small & Medium Scale Industry)
•    Keolis Hyderabad Mass Rapid Transit System Limited in the category of Employee Engagement Strategy (Small & Medium Scale Industry)
•    TATA Advanced Systems Limited in the category of Talent Acquisition and Management (Large Scale Industry)
•    Signode India Limited in the category of Learning & Development (Large large-scale industry)
•    Kaveri Seed Company Limited in the category of Performance Management Review Process (Large Scale Industry)
•    JK Fenner India Ltd in the category of HR Technology (Large Scale Industry)
•    TATA Advanced Systems Limited in the category of Employee Engagement Strategy (Large Scale Industry)
•    FMC Technologies India Pvt Ltd in the category of Diversity & Inclusion (Large Scale Industry)
•    Vikram. P, HR-Manager, Synergy Maritime Private Limited in the category of Manager – HR
•    Chaitanya Kanthi, Vice President-HR, Smart IMS India Private Limited in the category of Head-HR
•    Jury Appreciation Award to Hitech Print Systems Ltd in the category of Employee Engagement Strategy (Small & Medium Scale Industry).