Friday, September 5, 2008

Post by Anshul Khanna...PepsiCo India Beverages






PepsiCo India Beverages provides a host of benefits and services to its employees. These include programs like IJP (Internal Job Posting), CDAP process (where the employee chalks out his/her main objectives and needs for fulfilling the same), the LearnSmart program (introduces the powerful, first ever LearnSmart Card that entitles you to create and execute your own Development plan basis your need and convenience). Other non-monetary benefits include Flexi time, Dual Establishment policy, Sabbatical policy, Spouse Hire policy, Hospitalization, Medical benefits, vacation leave. Life insurance and vehicle insurance is provided. At PepsiCo, it is believed that “Total Rewards is one of the five Factors that drive Employee Satisfaction and Commitment”. Monetary rewards include stock options, retirement schemes, performance based pay (depending on both individual as well as organization’s performance). PepsiCo believes in the following:
“Reward and Recognize employees for their performances that reflect our goal of achieving leadership and growth while also abiding by our values and promoting an inclusive work culture.”
Under the ‘A-ha’ program of excellence, there are a number of awards at the MU (Market Unit) level, BU (Business Unit) level and at the international level. These are important as they instill a sense of pride in the employees, especially awards like Cost Saver Award and the Innovator Award for the marketing department, the Ring of honor award for senior level employees (Band 10+).
For FMCG companies, where the competition is so tough, such benefits and services gain paramount importance in attracting and retaining talent, for us, especially the sales force.

Anshul Khanna
Brand manager
Mirinda
PepsiCo India Beverages

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