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Budget 2015: Government has embraced states as equal partners of growth, says FM Arun Jaitley

NEW DELHI: Stating that the NDA government has embraced states as equal partners of growth, Finance Minister Arun Jaitley in his budget speech said, "Every rupee of public expenditure, whether by centre or states will contribute to betterment of people's lives." 

Stating that Budget 2015 comes in the backdrop of a better growth environment than in the past, Jaitley on Saturday said, "World predicting that it is India's chance to fly." 

"India is going to take off on a faster growth trajectory." "While global growth forecasts have come down, India's forecasts have either been maintained or scaled up," Jaitley said in his Budget speech. 

On Friday, an upbeat Economic Survey penned by Chief Economic Advisor Arvind Subramanian said that India is headed for 8%-plus growth next year and on course for 10% expansion in the near future. 

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Companies recognise employees to pump feel-good factor

Information technology company HCL Technologies has taken recognition to another level. Under a programme called ‘Xtramiles’, peers, team members and managers recognise employees for their outstanding efforts.

Xtramiles are recognition points that the recogniser and the person being recognised receive when either one makes the appreciation. Accumulation of these points entitles them to earn rewards. “It is a platform aimed at propagating a ‘thank you’ culture and helps strengthen aculture of employee appreciation,” says Prithvi Shergill, chief human resources officer, HCL Technologies.

Similarly, learning outsourcing company NIIT has a recognition platform called HATS OFF, which has peer recognition as an integral part. Every NIITian can send an eWOW card using the online NIITian portal called iNIITian. The eWOW is shared with peers and first- and second-line reporting managers.

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How to make your employees feel valued

In today’s ambiguous and volatile work environment, employers need to do more than provide compensation and perks to make employees feel cherished. Offering stretch assignments to high potential talent, building a culture of transparency and clarity, and prompt rewards could build a sense of belonging, finds Anumeha Chaturvedi.

1) Challenge Them

Challenging employees within their routine tasks to deliver a higher quality output, or tackle a problem and take up more responsibilities can make a difference, according to Achal Khanna, CEO, Society for Human Resource Management. “Constant support from the manager during this challenging task will further make him or her feel valued,” says Khanna.

2) Reward Employees