Diesel & Motor Engineering PLC’s (DIMO) futuristic approach to human capital management was recognized at the recently concluded ‘SHIFT2020’ Sri Lanka HCM Awards 2016.
A total of 10 awards, including four Gold and six Silver, were presented at this year’s ceremony. In competition with other blue-chip local and multinational companies, DIMO bagged one of the six Silver awards, making it into the top 10 companies with best human capital management practices in Sri Lanka. DIMO’s success at HCM Awards can be attributed to ‘ACE’, which is DIMO’s HR strategy that enables the optimization of human capital. ACE refers to Alignment of employees to business strategy, Capacity Building to drive competitive advantage and Engagement for accelerated performance. By following this simple yet potent formula DIMO has been able to increase its employee equity, deliver the employee value proposition of ‘Making Work Enjoyable and Rewarding’ and build high stakeholder perception of its employer brand. Being a consecutive winner at HC awards is testimony for this.
While recognizing excellence in HR ‘SHFT2020’ Sri Lanka HCM Awards 2016, marked an industrywide movement to a futuristic approach to HR practices. The selection for awards was centred on this theme, where the organisation’s HR processes were assessed in terms of design, efficiency, scalability and especially futuristic approach.
In order to be future-ready, DIMO’s HR team constantly engaged in reinventing, realigning and repositioning the organisation’s HR practices. As an example, HR analytics, employee transformation and engagement, diversity and inclusiveness, which will be mission critical areas in the future, were added as core HR functions well in advance.
HCM Awards, which are considered as a prestigious accolade in Sri Lanka, is organised once every two years by the Association of Human Resource Professionals (HRP). SHRM India, which is a wholly-owned subsidiary of the world’s largest professional, not-for-profit human resource association, SHRM – The Society for Human Resource Management, USA, was involved in shortlisting and auditing of applications. An eminent panel of judges, comprising of local and international HR professionals, were the final adjudicators.