Meritocracy is one of the Core Values and is a strong pillar of the frame work of values on which the organization runs it's business. Organizational plans and strategies are executed through well-defined matrices of Key Result Areas (KRAs) and Key Performance Indicators (KPIs).
Each employee gets a mutually agreed and accepted set of deliverables which he has to carry out with his ability to conceptualize, strategize and execute within the pre-defined parameters. Excelling beyond what is expected will thereby determine his performance and will make him eligible for the appropriate rewards and recognition.
There is a proper performance management system in place, which enables transparent evaluation of the efforts put in by each individual on a constant basis on yearly basis. Compensation and performance linked bonuses coupled with a transparent and objective mechanism ensure that meritocracy is institutionalized as a core value.
There is a huge amount of investment in terms of money, training, effort and time to groom for deserving employees to assume higher level positions. There has been a constant, rapid and large growth in terms of adding more businesses and having presence across geographies. This has brought out the need to have effective leaders who would assume these positions. Training in terms of advisory, effective sales, execution abilities, leadership development, process training is a constant phenomenon based on the need. Employees have been exposed to the best of training programs.
SBICAP Securities Limited being a learning organization there, is a sharing of all these learning with other member of the team which helps in accumulating and retaining knowledge. In fact working with the experts in the industry itself entails a lot of learning and grooming.