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Business EconomyPosted at: Jun 23 2016 4:17PM


CHROMA™ to power Bajaj Finance CHROMA™ to standardise HR processes

New Delhi, Jun 23 (UNI) IT solution Tata Consultancy Services today said the TCS’ cloud based HR solution platform CHROMA™ will implement at the Bajaj Finance Limited (BFL), leading non-banking financial company in India.
The platform will enable and enhance the new generation HR experience to over 6,000 employees in BFL, said the company.
With integrated processes on a single platform, Bajaj Finance Limited can automate talent management process with consistent, real-time, and cross functional view.
Through CHROMA™ platform BFL will be able to manage recruitment, on-boarding, employee lifecycle processes, performance management, leave management, payroll, and performance appraisal.
For the first time BFL will also able to set up the competency catalogue and track the required, held and aspirational competencies of its employees under competency management.The platform also has modules to track career development, learning, succession planning, leave management, compensation, employee surveys as well as recognition and rewards of the employees.
Deepak Reddy, Chief – Human Resources, Administration & Group Learning Academy,
Bajaj Finance Limited, said, “At Bajaj Finserv, we are constantly looking at innovative solutions which can make our processes and systems more efficient and yet be user friendly. By deploying CHROMA™, an integrated HR Solution, we will be able to manage our HR processes more efficiently and thereby reducing administrative efforts involved in transactional HR activities.”
“Attracting, nurturing and retaining the right talent is of paramount importance to financial services companies. TCS’ capabilities and experience managing a large employee base has culminated in creation of CHROMA™ which will enable Bajaj Finance and its associated companies to deliver an enhanced experience to their multi-generational employee base,'' said Raj Agrawal, Global Head, TCS Platform Solutions in a statement.

CHROMA™ is TCS’ talent management platform that enables enterprises to drive next generation employee experience, establish a collaborative work culture and effectively manage organization’s talent base,it further added.
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Tags: #CHROMA™ to power Bajaj Finance CHROMA™ to standardise HR processes
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