DRIVIN G ROWTH - Dr. Reddy's

58
management discussion
and analysis
I MPURITY PROFILING, BIO- ANALYTICAL
METABOLIC IDENTIFICATION in progress at
research facility
EMPLOYER RANKING IN INDIA
FOR 2001-02
DURING THE YEAR, Dr. Reddy’s was
ranked 13th among the 25 best employers
in India in a study conducted by Business
Today and Hewitt Associates — the only
pharmaceutical company in the list. 204
companies representing more than 15
industry groups participated in the study
and data was collected from more than
52,000 employees.
Companies that featured in the list were
chosen on the basis of certain criteria, some
of which were:
■ Degree of employee satisfaction,
commitment, and morale.
■ Depth, breadth, and prevalence of HR
practices.
■ Uniqueness of HR practices.
■ Effectiveness of HR practices in meeting
employee needs.
■ Alignment of HR practices to business context.
The award is an endorsement of the
Company’s efforts to establish world-class
HR practices, and align the organisation’s
work culture with the corporate ambition of
becoming a research-driven global
pharmaceutical player.
VOLUNTARY RETIREMENT SCHEME
AS COMPANIES PROGRESS in the
knowledge space, some skills become vital,
while the need for others fade away. In a
rapidly changing world, success depends
upon a company’s ability to dynamically
alter the composition and skill sets of its
employees. Thus, while Dr. Reddy’s has been
increasing its intake of highly skilled
knowledge-based employees, it has also
realised the need for reducing overall
employment levels. It, therefore, announced
Voluntary retirement scheme (VRS) for its
workmen on January 21, 2002.
DR. REDDY’S LABORATORIES LTD. | MANAGEMENT DISCUSSION AND ANALYSIS | ANNUAL REPORT 2001-2002