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Pantaloons HR Policy (2013)

Pantaloon Retail (India) Limited is a large Indian retailer with over 1,000 stores across India, led by Managing Director Kishore Biyani. The company's vision is "to deliver everything, everywhere, every time to every Indian consumer in the most profitable manner." The company provides training to new employees on topics like knowing the company, job, customer, and market. Performance is regularly evaluated and compensation includes monetary rewards like vouchers and gifts as well as non-monetary rewards like awards and certificates. Benefits include insurance, education assistance, and monetary payouts to beneficiaries of employees who pass away.

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Sheikh Zain Uddin
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392 views3 pages

Pantaloons HR Policy (2013)

Pantaloon Retail (India) Limited is a large Indian retailer with over 1,000 stores across India, led by Managing Director Kishore Biyani. The company's vision is "to deliver everything, everywhere, every time to every Indian consumer in the most profitable manner." The company provides training to new employees on topics like knowing the company, job, customer, and market. Performance is regularly evaluated and compensation includes monetary rewards like vouchers and gifts as well as non-monetary rewards like awards and certificates. Benefits include insurance, education assistance, and monetary payouts to beneficiaries of employees who pass away.

Uploaded by

Sheikh Zain Uddin
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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INTRODUCTION

• Pantaloon Retail (India) Limited, is a large Indian retailer, part of the Future
Group, and operates in multiple retail formats in both, value and lifestyle,
segments of the Indian consumer market. Headquartered in Mumbai, the
company has over 1,000 stores across 71 cities in India and employs over
30,000 people.
• Kishore Biyani is the Managing Director of Pantaloon Retail (India) Ltd and the
Group Chief Executive Officer of Future Group. Considered a pioneer of
modern retail in India, Kishore’s leadership has led Pantaloon Retail’s
emergence as India’s leading retailer operating multiple retail formats that
cater to the entire basket of Indian consumers.

VISION

• “to deliver everything, everywhere, every time to every Indian consumer in


the most profitable manner”

GROUP MISSION

• We share the vision and belief that our customers and stakeholders shall be
served only by creating and executing future scenarios in the consumption
space leading to economic development.
• We will be the trendsetters in evolving delivery formats, creating retail realty,
making consumption affordable for all customer segments – for classes and
for masses.
• We shall infuse Indian brands with confidence and renewed ambition.
• We shall be efficient, cost- conscious and committed to quality in whatever
we do.
• We shall ensure that our positive attitude, sincerity, humility and united
determination shall be the driving force to make us

RECRUITMENT PROCESS

The sourcing of the prospective candidates for any level will be based on the
following policies:
• The candidates will be sourced from databases developed.
• The candidates will preferably come with a reference or walk in.
• For sales force level candidates will have a minimum qualification of 12th
standard .
• For “executive” levels, candidates with a minimum experience in similar work
backgrounds in reputed industries/Corporate or commercial establishments
will be given preference.
• The biggest challenge faced in the whole process of recruitment is that only
50% turn up after recruitment.
• Two rounds of interviews are conducted (department & HR)

TRAINING AND DEVELOPMENT


• Every employee joining will go through the following training and
familiarization stages before actually reporting at the relevant Work site:
Know your company ,Know your job ,Know your customer ,Know your market
• Training : in store & on the job.
• Three training per month.
• The training really helps the employees in their growth and development.
• Every employee will be under constant evaluation for performance and
productivity. The evaluation for these will be as per company’s policy’s
existing. The HR Head through their relevant departmental heads will
evaluate all employees.

PERFORMANCE APPRAISAL

• All regular employees confirmed as on September are evaluated for


appraisal. The activity is performed in the month of March.
• The types of appraisal systems include :
• The rating scale is a performance appraisal form on which the manager
simply checks off the employee’s level of performance. Some of the areas
evaluated include quantity of work, quality of work, dependability,
judgment, attitude, cooperation, and initiative.
• Balance score card is a performance appraisal method that is used to
evaluate employee performance based on weightage. Performed generally
in the case of Band 2 level (executives)- self rating, 3rd person (store
manager/ zonal manager).

COMPENSATION

• There is a budget allocated for each store on the basis of which compensation
is calculated.
• Monetary & non Monetary rewards are given to the employees.
• Monetary – vouchers and gifts
• Non monetary- awards and certificates
• Increments are given in salary of employees after performance appraisal. The
attitude they show to their company, client, colleagues, superiors and the
customer is to be treated in high priority for their growth assessment.
• Promotion : two times a year.
• Benefits to the employees.
• PF , ESI, Gratuity and other benefits as under the Govt of India

OTHER BENEFITS

• Employee discount cards.


• Future Generali India Life Insurance Company Ltd.
• Future Generali India Life Insurance Company Ltd. (FGILICL) was incorporated
on October 30, 2006 to establish and conduct the business of life insurance in
India, which comprises of whole life insurance, endowment insurance, double
benefit and multiple benefits insurance etc.
• Each employee contributes Rs.145 per month under this scheme.
• Upto 1 lakh amount is given if the employee expires.
• Education : The mission of Future University is to prepare graduates with
innovative minds to face global challenges with creativity. They offer a rich
and rewarding educational experience to all who wishes to pursue higher
education (courses like BBA, MBA).

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