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Term Paper Project: Human Resource Management

By: Akash, Divyam, Janvi and Rachit Ray

Faculty of Management Studies

Delhi University
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INDEGENE Pvt Ltd.

Indegene Pvt Ltd is a life sciences commercialization company, with its headquarters in

Bangalore. It was founded in 1998 and currently has offices in North America, Europe, China,

and India, with more 4000 employees. Indegene helps provide the biopharmaceutical, emerging

biotech and medical device companies with R&D, product development, clinical trials, digital

marketing content for pharma Sales Rep, get them to the market, and Digital Transformation

Consulting.

Indegene ensures that the salary it provides to the employees is at par or higher than its

market competitors. They also try to ensure that the compensation structure is as flexible as

possible, so that the employees can make the most of it. Other than the regular salary

components like Basic Pay, HRA, PF and Gratuity the company provides the employees with the

option of Flexible Benefit components. Such a compensation structure ensures that they are

adequately empowered to apportion components of your salary in a manner that suits them the

best. This plan enables the employees to:

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 Choose from a bouquet of allowances or benefits like Fuel Reimbursement, Drivers

Salary, Professional Development Course, Food Coupons and Leave Travel Allowance

(LTA) etc. to reduce their overall tax liability.

 Redefine their salary structure within prescribed guidelines to optimize their earnings

Other than the allowances company policy also includes need-based allowances like relocation

allowance or the Communication allowance (towards maintenance of mobile / internet

connectivity at home for official usage). Also, another component of the employee salary is the

the variable pay, which is provided depending upon the employee performance. This provides

the employees with an incentive to work harder and have a high performance. Indegene also

provides its each of its employees with Mediclaim insurance of upto Rupees Two Lakh per

annum, a Personal Accident Insurance which is a minimum of Rs. Fifteen Lakhs or maximum of

Annual CTC. All he employees and any two of their direct family members are also covered

under the Life Insurance policy under the Free Cover Limit without insisting on Health

Declarations and Medical Reports which is a minimum of Rs. Fifteen Lakhs or maximum of 1.5

times of the Annual CTC.

Indegene also engages its employees through non-salaried rewards and benefits. Every month the

high performing employees are awarded various awards, such as ‘The Best Sprinter’, ‘Going

Extra Mile’, ‘Budding Star’, ‘Above and Beyond’ etc. At the end of every month, the team

leaders send nominations for various rewards to the Sr. Mangers. These rewards are awarded by

senior company leadership in the Town-Hall meet, which is conducted at the end of every month

by each department. In this way the employees feel that their hard work is being recognized and

they feel motivated. Each of the awards also comes with benefits in terms of Aspire points.
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Indegene has its own online reward store for the employees, known as ‘Indegene Aspire Store’.

The employees can spend their Aspire points in the store to buy various gift vouchers for online

& offline stores like Amazon, Flipkart, AJIO, McDonalds, Reebok, Wrangler, Air Asia etc.

Other than this there are also other rewards that are given on a quarterly and annual basis

and these awards are directly rewarded by the CEO or other CXO level person. Other than

performance the employees are also recognized for other achievements like social work, how

long they have been with the firm, learning achievements etc. Aspire points are also given to all

the employees as benefits on special occasions like festivals, birthdays, work anniversary etc.

Indegene also provides other perks to its employees such as Professional certificate cashback,

free training materials, company branded goodies, family holiday packages at 10 year work

anniversary etc.

One of the innovative methods that the company takes to ensure that employees feel recognized

is through featuring all the employees who have won the monthly awards on the company

internal website for that month. Indegene has also created a social media website for all its

employees. Using this platform, the employees can show their appreciations and recognize the

effort of the colleagues and juniors, which makes them more attached to the firm as well as to

their colleagues.

The employees also have the opportunity to showcase and be recognized for their extra-

curricular talents by participating in various events like IPL (Indegene Premier League), IndeFest

(company’s cultural event), digital summit etc. All these rewards and recognition initiatives as

well as the flexible compensation structure help the company in attracting and retaining its

employees effectively.
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References

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Last Name, F. M. (Year). Book Title. City Name: Publisher Name