1.
How
Lenovo’s ‘ASAP’ trains its workforce for new vertical
Lenovo India is
venturing into the area of services & solutions, for which it is upskilling
its existing tech sales workforce. Lenovo, one of the
leaders in electronic products, has been expanding its presence in India over
the years. As part of its continuous evolution, the computer hardware company
is currently working on establishing a new business vertical in the market. Given
how lucrative the services and solutions business in the Indian market is, the
tech company is now venturing into this new vertical. In conversation with
HRKatha, Bhavya Mishra, CHRO, Lenovo India, shares that even though a company
such as Lenovo, with its strong employer brand value, finds it easy to attract talent
for its conventional business, attracting the right talent for the new services
and solutions business does pose some challenges.
2.
Accenture to use VR for
training, procures 60,000 Oculus headsets
These
headsets will give new hires a chance to get trained and learn about the
Company in a more engaging manner.
Accenture has procured 60,000 virtual reality (VR) headsets, mainly for its new
hires. These headsets will allow the tech major to train its new joinees
effectively. Since the majority of the Company’s workforce is in India, the new
recruits here will also gain from the three-dimensional experience that
Accenture aims to provide them through these Oculus Quest 2 VR headsets. No
single company has ever bought these headsets in such big numbers before. The
objective is to let new hires learn about Accenture in a more engaging manner,
and make them feel they are physically present in training sessions with other
colleagues.
3.
Axis
Mutual Fund’s unique approach to upskilling
The subsidiary of
Axis Bank is adopting shorter, two-minute learning videos as part of its
L&D initiatives. Axis Mutual Fund (Axis MF), the subsidiary of
Axis Bank, which is specifically dedicated to growing its mutual funds
business, operates in a highly-competitive and dynamic sphere, where changes
are frequent and it is essential for the workforce to be up-to-date with the
latest trends and technologies. “We are in the money business where knowledge
is super important. Employees need to be high on knowledge and technical
understanding at all times,” says Meghna Gupta, head – HR, Axis MF. Currently,
Axis Mutual Fund employs 650 people. In addition, it also employs gig workers
to complete projects as and when required. This hiring is primarily carried out
for operations in IT. Consistent effort has been put into Axis Mutual Fund’s
learning and development initiatives over the past two years. Gupta reveals
that the Company’s employee feedback on the L&D initiatives went up
significantly during this time, from 60 percent to 84 per cent. Gupta says,
“The learning journey starts with analysing the business road map and what the
business plans to establish in the coming years. Employee learning goes hand in
hand with this. When the business is able to achieve its growth expectations,
the employees gain from this financially, and also in terms of learning.” In
order to gauge the impact of these learning modules in an engaging manner, Axis
MF has introduced the concept of daily quizzes to check employee understanding.
Employees are asked four questions each, every day, which does not take more
than a minute for them to answer. This tests their knowledge on the
continuously-changing dynamics of the mutual fund business. With 85-90 per cent
engagement being reported, there are also rewards and recognition waiting for
the employees at the end. They get points, which they can claim or redeem
however they want.
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