The Automotive Component Manufacturers Association of India (ACMA) has just unveiled the findings of its survey on Human Resource Practices and Remuneration Benchmarking for its member-organizations. The survey, which was the first of its kind, was conducted by Deloitte India and aimed at gaining strategic insights into the critical human capital challenges, HR practices and remuneration trends in the auto component industry. Over 90 ACMA members across the country participated in this exercise.
Commenting on the initiative, Mr. Arvind Kapur, ACMA President, said: “As the auto component manufacturing industry in India is steadily becoming global, the business strategies adopted by individual companies will be shaped to a great extent by workforce challenges. To be competitive, the industry will not only need a perspective on the best HR practices but will also need to benchmark its own HR systems & policies against the global best”.
Some of the focus areas of the survey are:
• Talent attraction and retention
• Workforce capability development
• Managerial bandwidth
• Labour and industrial relations