Edelweiss

A Sustainable Emerging Leaders Programme for Edelweiss

Key Facts

Value
Asset base of over INR 32,000 crore. Revenue of INR 5,316 crore and net profit of INR 414 crore for FY16

Scope
Over 6,200 employees

PAT
PAT (excluding insurance) CAGR of 38% over the last four years

Context

  • Edelweiss started the journey of identifying and nurturing potential very early on
  • The process had shown promise as several of Edelweiss’ current middle and senior managers came from this programme
  • Goal was to now take the programme to another level of objectivity and rigour and deliver business impact

Approach

  • Sessions with internal teams to refine and refresh the competencies required of Emerging Leaders
  • Design of a process combining assessments led by business managers and through a series of Assessment Centres
  • Assessment integrated Potential, Performance and Preferences of the individual
  • One-on-one feedback for participants to faciliate development
  • Developmental journey over two years, based on 70-20-10 principles

Context

  • Identification of 60 high potential Emerging Leaders from a pool of 250, for a sustained two-years journey
  • Complete engagement of the organisation in talent identification and development, including participants and line managers
  • Analytics and insights into talent pipeline in different parts of the business, resulting in actionable and differentiated measures

Client Feedback

“We had a fantastic experience working with BasilTree for the design and implementation of the selection of the Edelweiss Emerging Leaders 2016-18 batch. Their scientific rigour, thoughtful structure and flawless execution helped us to put together a class of 60 top performing young leaders from across our diverse businesses, geographies and over 6,000 employees in record time, while raising the bar on quality. BasilTree also delivered structured feedback to each candidate, based on our five Emerging Leader core competencies. We were so pleased with BasilTree’s professional and methodical approach that we have engaged with them to administer a two year development program for the Emerging Leader class. We would recommend them highly to any progressive organization looking to do cutting edge work in leadership and professional development.”

– Nalin Moniz, Head – Multi Strategy Funds, Edelweiss Financial Services