TCS' talent management platform to power Bajaj Finance

Tata Consultancy Services (TCS), India’s largest IT service provider, on Thursday announced that CHROMA — TCS’ cloud-based HR solution platform will be implemented at Bajaj Finance, a non-banking financial company in India.

The platform will enable and enhance the new generation HR experience to over 6,000 employees in BFL. With integrated processes on a single platform, Bajaj Finance can automate talent management process and cross functional view. Through the CHROMA platform, BFL will be able to manage recruitment, on-boarding, employee lifecycle processes, performance management, leave management, payroll and performance appraisal.

Deepak Reddy, Chief — human resources, administration & group learning academy, Bajaj Finance, said: “By deploying CHROMA, an integrated HR Solution, we will be able to manage our HR processes more efficiently and thereby reducing administrative efforts involved in transactional HR activities. We are looking forward to a long-term relationship with a single accountable partner, TCS.”

For the first time BFL will also able to set up the competency catalogue and track the required, held and aspirational competencies of its employees under competency management. The platform also has modules to track career development, learning, succession planning, leave management, compensation, employee surveys as well as employee recognition and rewards.

“Attracting, nurturing and retaining the right talent is of paramount importance to financial services companies. TCS’ capabilities and experience in managing a large employee base has culminated in the creation of CHROMA which will enable Bajaj Finance and its associated companies to deliver an enhanced experience to its multi-generational employee base,” said Raj Agrawal, Global Head, TCS Platform Solutions.