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.
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
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.
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