Prepare by;

Lalit Miyani

HISTORY OF PANTALOON
Pantaloon was incorporated on October 12, 1987 as Manz Wear Private Limited. The Company was converted into a public limited company on September 20, 1991 and on September 25, 1992 the name was changed to Pantaloon Fashions (India) Limited and in the same year the Company made an initial public offering. We later changed our name to Pantaloon Retail (India) Limited on July 7 1999.

The Pantaloon People Management System

Pantaloon People management system is built on 5 pillars of people based growth: a. Culture Building b. Performance Management through Balanced Scorecard c. People Processes d. Management Processes e. Leadership Excellence

Organization Structure
Our organization is headed by our Managing Director. We follow an inverse pyramid structure; as a result decisions are taken closest to the point of customer action. Sales executive are encouraged to think customer first. They are empowered to run their respective departments like small business owners. Inverse Pyramid Structure

Performance Management: Appraisal, Rewards and Recognition

The organization's Compensation philosophy is Pay for Performance, promote for potential and is designed to meet the following key objectives: 1. Attract and Retail Qualified Employees 2. Externally Competitive 3. Performance based pay 4. Internally Equitable 5. Legal Compliance

Employee Insurance
We provide all our employees with group life insurance. We also provide medical insurance coverage for employees who are not covered under ESIC (Employee State Insurance Corporation) benefit which includes hospitalization benefits.

Recruitment and Selection

Our recruitment takes place through any of the following option or combination of these option:

In-house data bank

Walk-in advertisement Internal Referrals NGOs

Training
The Company has a well defined Learning & Development (L &D) team that is responsible for training at all the levels across the country. 'Prarambh' for Induction and 'Guru-School' for Trainer Development are a couple of programs created and disseminated by the L & D Team this year.

COMPANYS HUMAN RESOURCE POLICIES

1. Gratuity Scheme:Under Gratuity Act 1972 - 5 Years 2. Special Privilege Scheme:Employee Discount Coupons 3. Pantaloon Shishya:4. Seekho:-

Pantaloon Foundation
Background: Each of us spend a large proportion of our lives at work with our colleagues who become a second family away from home. The Concept: Each employee VOLUNTARILY contributes a small amount from his/her salary each month to the Pantaloons' Foundation Any employee in need of urgent funds for any medical emergency for him/herself or his/her family can take an interest-free loan from this fund.

1.Benevolent Loan 2.Long Service Award Policy 3.Celebrations:

Gift Voucher on Wedding & New Born Baby

4.Mediclaim 5.Long Service Award Policy 6.Doctor on Call 7.Visiting Cards 8.Company Car 9.Future Outpost-Holiday Home 10.Transfer Policy: