Hero MotoCorp launches VRS for staff

In keeping with the objective of building a robust organisation in a rapidly evolving dynamic environment while retaining employee welfare at its core, Hero MotoCorp Ltd, the world’s largest manufacturer of motorcycles and scooters, launched a voluntary retirement scheme (VRS) for its staff.

The VRS has been designed in line with the vision to make the organisation agile and ‘future-ready’, consolidating roles and reducing layers to increase empowerment and agility.  The company expects this to improve efficiency within the organisation through a lean and more productive organisation.

Applicable to all staff members, the VRS offers a generous package that includes – among other benefits - a one-time lump-sum amount, variable pay, gifts, medical coverage, retention of company car, relocation assistance, career support etc.