Bajaj Finance to automate talent management with TCS CHROMA

CHROMA will enable and enhance the new generation HR experience for over 6,000 employees at Bajaj Finance.

Non-Banking financial company Bajaj Finance has decided to automate its talent management process with the help of TCS CHROMA – a cloud based HR solution platform.

CHROMA will enable and enhance the new generation HR experience for over 6,000 employees at Bajaj Finance.

The TCS platform will offer an integrated process on a single platform and automate talent management process with consistent, real-time, and crossfunctional view. BFL will be able to manage recruitment, on-boarding, employee lifecycle processes, performance management, leave management, payroll, and performance appraisal.

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

CHROMA enables enterprises to drive next generation employee experience, establish a collaborative work culture and effectively manage organisation’s talent base.

Deepak Reddy, chief – human resources, administration & group learning academy, Bajaj Finance, says, “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.”

Raj Agrawal, global head, TCS platform solutions, adds, “Attracting, nurturing and retaining the right talent is of paramount importance to financial services companies. TCS’ capabilities and experience managing a large employee base has culminated in creation of CHROMA™ which will enable Bajaj Finance and its associated companies to deliver an enhanced experience to their multigenerational employee base.

“By leveraging digital technologies in a most efficient way, can cater to the dynamic needs of the HR community by providing extremely simple to use user interface yet feature rich talent management solution.”

CHROMA enables enterprises to drive next generation employee experience, establish a collaborative work culture and effectively manage organisation’s talent base.

It enables enterprises with an integrated competency based talent management approach across the hire to retire employee lifecycle events.

The solution enables enterprises to drive innovative strategies for multichannel sourcing, continuous feedback based appraisals, collaborative learning and insight based leadership development.

It has intuitive user interface, self-services, social collaboration features, and mobile enablement. It can be deployed as an integrated HR platform to replace existing systems or as a modular platform in one or more talent management functions. It can also be bundled with HR administrative services and delivered as an integrated as-a- service offering on a Pay per use model.