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Andrew Bonwick
Vice President of Product Development at Relm Insurance
Madhav Sheth
CEO of Ai+ Smartphone
Stephen Rose
CEO Render Networks
A CRISIL study on Friday revealed that Bharti Airtel has been proactively focusing on improving employee support and engagement and is planning to moderate its employee attrition rate via career planning initiatives and by consolidating its position in the industry. This comes after a Delhi-based telco had provided proper life insurance and medical reimbursement for its employees owing to the Covid-19 pandemic.
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The company’s employees have been given access to a panel of doctors, oxygen concentrators and hospital bed wherever they are available via Covid Care. Additionally, it also rolled out a vaccination program for its employees, their dependents and associates, the study highlighted.
According to the rating agency, Bharti Airtel now has over 14,000 employees in India and a customer base of 417 million on a worldwide basis. The Sunil Mittal-owned Telco, as per the rating agency, should focus on improving value creation for its shareholders which has been ‘subpar’ in the last few years due to competitive disruption, adverse regulatory outcomes, and Capex-intensive nature of the business.
A statement from the rating agency reads that over the previous five fiscals all the way up to April 2021, the annualised return to shareholders stood at 11.2% compared with 13.8% for the Nifty index. However, the company outperformed the Nifty index in the past two fiscals by providing investors with an annualised return of 30% compared with 13% for the Nifty index. The company is now restructuring businesses to enhance shareholder value.
