Accenture bags Asian Human Capital award

Accenture bags Asian Human Capital award

Conferred by the Ministry of Manpower, INSEAD and CNBC Asia Pacific, the annual Award is the first of its kind that recognises innovative people practices adopted by organisations in Asia that have achieved significant business impact. A total of 44 entries were received from 7 countries across Asia for the prestigious Asian Human Capital Award 2009.

Prof Narayan Pant, Dean of Executive Education, INSEAD and a member of the judging panel said: “The number of high quality submissions was encouraging as it demonstrated the importance of creative people strategies among regional companies. Furthermore, participating in an award competition allows the same companies to benchmark their efforts against others in the region, again indicating the importance of Human Capital strategies for them. As the Asian Human Capital Award enters its second year, we feel confident that it will be the human capital award that organisations would aspire to receive.”

Diverse region
“Businesses operating in this highly diverse region face unique human capital challenges. The organisations that have submitted entries for the award have developed effective people strategies to address these challenges. The award showcases the best of these innovative practices. The people strategies of the award winners will form useful inputs for the formulation of uniquely Asian-centric solutions to meet the strategic people challenges in the region,” said Leo Yip, Permanent Secretary of Singapore’s Ministry of Manpower.

Accenture India was recognised for its competency-based talent management practices which are applied for recruiting, developing and deploying its employees.
The Competency-Based Talent Management Practices were conceived and developed independently by the local human resources (HR) team to address local talent sourcing challenges and key business needs. It has helped employees develop their proficiencies by identifying competency gaps and improved its employee engagement score, which is one of the highest amongst high performing organisations around the globe.

Accenture India also adopted a system of Mentor-Mentee relationships that provides personalised career guidance and serves as employees’ second point of reference for performance appraisal, in addition to their direct supervisors.  Prof Narayan Pant added, “Accenture stood out from the rest with their investment in people, and allowing employees to take control of their careers.  Particularly commendable was their focus on Mentor-Mentee relationships that achieved a significant impact.”

Sandeep Arora, Managing Director, Delivery Centres for Technology, Accenture India, said “Identifying, building and continually enhancing the proficiency and leadership capabilities of our people is both good business sense and the right thing to do.  To achieve this, we have developed a comprehensive approach to talent management.