Human Capital Leadership Institute
Monday, September 23, 2013 06:02 PM IST (12:32 PM GMT)
Editors: General: Economy; Business: Accounting & management consultancy services, Banking & financial services, Business services
Reliance Retail Receives Special Commendation Asian Human Capital Award 2013
Singapore, Monday, September 23, 2013 — (Business Wire India) — Reliance Retail and Siemens have emerged winners in the fifth Asian Human Capital Award (AHCA) 2013, special commendation category. Chosen from a record 89 submissions from 58 organisations across a diverse range of sectors in Asia, the two companies were recognised for their outstanding people practices, which have driven business performance and success. The main winners were Manila Electric Company (MERALCO) and Unilever Thailand for their designed-for-Asia people practices.
Reliance Retail’s people practice, WorkSmart, a business excellence and workforce enablement programme, increased employee satisfaction, reduced turnover and boosted overall store performance in a highly challenging retail environment in India.
Siemens China’s People Excellence Initiative was selected for driving measurable impact on business results through its integrated approach to attract and retain talent, leveraging both Western and Asian strengths.
Presenting the Awards to the AHCA winners, Singapore’s Senior Minister of State for Manpower and Health Dr Amy Khor said, “Throughout these years, the Award has unearthed different people strategies and initiatives employed by local and regional organisations. I am indeed heartened that companies are doing more to nurture their people. I hope more will adopt and adapt these best practices, so as to be at the forefront of human capital development.”
The Award winners were also speakers at the Singapore Human Capital Summit 2013 to share their winning people strategies with delegates from across the region, to facilitate knowledge exchange and best practices.
Jointly sponsored by the Singapore Ministry of Manpower, INSEAD, CNBC Asia Pacific and Human Capital Leadership Institute, the Asian Human Capital Award honours innovative and impactful people practices adopted by Asia-based organisations. For more information on the Singapore Human Capital Summit 2013 and the Asian Human Capital Award, please visit www.singaporehcsummit.com.
The winners were chosen by an expert panel of independent judges in a rigorous judging process held over six months from March 2013. Entries were assessed in four key areas: aligning people practice to overall business strategy; showcasing innovation in developing and contextualising the people practice to address local needs; quality in execution; and bringing positive impact on business outcome.
About Human Capital Leadership Institute
The Human Capital Leadership Institute was established in 2010 with the Singapore Ministry of Manpower, the Singapore Economic Development Board and Singapore Management University as strategic partners. The Institute is a national centre of excellence, with the mission to help organisations accelerate human capital and leadership development in Asia, for a globalised Asia.
It has the unique capability to bring together best-in-class thought leadership, faculty and insights on successfully doing business in Asia and the associated implications for leadership and human capital strategies. Through its efforts, the Institute aims to develop global leaders with a strong understanding of leading in Asia, as well as to build Asian leaders with the ability to lead on the global stage.
The Institute achieves this by driving Pan-Asian research, creating cutting edge executive development programs and fostering rich networks between leaders in business, government, academia and consulting.
For more information on the Human Capital Leadership Institute, please visit http://www.hcli.org .
Ritika Kashyap, 20:20 MSL, +91 9999919273, [email protected]