E2e Business Solutions, a People Management firm, has developed a 360-degree programme which is primarily a skill evaluation process to assess employees across all organizational levels and about the various skill levels they possess. Indirectly, the programme helps to reduce the attrition level in the companies.
According to Yeshasvini Ramaswamy, director, E2e Business Solutions Ltd., 360-degree is a holistic approach to the appraisal process. Under the programme, it is not just the juniors who are assessed but managers and the top management too. The focus of the assessment is mainly on behavioural characteristics in work environment and is not work related. The assessment is based on complete confidentiality and this helps employees to portray an open work place relationship which is imparted through an interpersonal training programme.
"People leave organizations not just for money but for better growth opportunity. This is where the 360-degree program steps in. It looks into the behavioural characteristics and skill improvement. For instance, employee expectation is high when he joins a company, his graph that hits a dip around two-three months later and leads him to quit. If a company utilizes the 360-degree programme of E2e then the candidate is automatically a part of it within a month after he joins. It helps keep the doors of communication between him and his superior open. Thus issues get addressed quickly and amicably," explained Ramaswamy.
The company has come across many cases where the appraiser's feedback has helped in analysing the root cause of attrition. Even lack of feedback at the right time from the managers at a regular intervals results in low morale and high attrition in companies. E2e excels in proactive intervention to help employee in building careers with skill development.
E2e is engaged in the employee handling process on a turnkey basis. It helps to enhance the business performance of its clients through people engagement interventions. All the interventions are tailor made to the specific requirements of the client and aims at showing measurable Return on Investment (ROI) which makes the human resources department, a business enabler in the true sense.
Since the company's clientele include fortune 100 companies to core technology organizations, 360 Degree Program is customized to cater to specific needs of all categories like poor performers, average performers and ambitious high-performers etc or skill based like project leaders, managers, etc.
Bangalore has been proving to be a work and growth destination for biotech companies specially in drug discovery, stem cell, micro array and bioinformatics. The city offers the environment for lucrative and growth oriented biotech jobs. There are a large number of the people recruited from outside the city or the state because the local population still finds Inforation Technology to be more attractive. This provides opportunities for candidates from other towns and cities to be selected in biotech companies for their qualification and skills.
On the future of manpower in the biotech space, Ramaswamy stated that employees need to realize that biotech as an industry intrinsically pays better when an employee stick around longer as the remunerations are based partly on salaries while the bulk amount comes from patents, ESOP and specialized research.