Modicorp ties up with UK firm to train staff

Xerox Modicorp has tied up with UK's Gazing Institute to train 28 middle-level executives and build competency skills of the executives.

"We will be providing training to select middle-level executives to hone competency skills and build leaders," Chandan Chattaraj, executive director (HR), Xerox Modicorp said.

Xerox Modicorp, which has nearly 300 middle-level executives, is focusing on developing leaders and is also initiating a programme with Insat for a special leadership programme.

"We are also covering nearly 45 people under the leadership programme where the focus is more on developing leadership qualities among the people," Chattaraj said.

The company is attracting a large number of executives from the manufacturing sector and to retain the employees it is now looking at enhancing training programmes.

"Better compensation package is not the only reason for high attrition rate among employees. More employees are looking for greater job enrichment and exposure so we are focusing on developing the USP of a specific job," Chattaraj said, adding that providing comprehensive training was one way of providing job enrichment to the employees. It has also modulated Xerox Virtual Learning Environment (XVLE) for all its executives

"At present, the attrition rate among middle-level executives is 10-20 per cent. We are looking at a better compensation package and more training programmes as a retention strategy," he said.

Xerox Modicorp has an executive MBA programme with Manchester University and sponsors around 3-4 people for a two year course.

The company is also looking at bringing about changes in the HR policies with a greater shift towards variable pay or making the compensation package more attractive.

"Variable pay packages are being re-visited to attract the employees. For mangers, the fixed to variable ratio is 70:30 while for frontline sales staff, it is 60:40. This is higher than in the last few years and the ratio is expected to move towards variable in the coming years," Chattaraj said.