The VRS has been designed in line with the vision to make the organisation agile and ‘future-ready’.
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Motorcycle and scooter manufacturer Hero MotoCorp has launched a voluntary retirement scheme (VRS) for its staff.
The VRS has been designed in line with the vision to make the organisation agile and ‘future-ready’, consolidating roles and reducing layers to increase empowerment and agility, and is expected to improve efficiency within the company through a lean and more productive company.
Applicable to all staff members, the VRS offers a package that includes among other benefits, a one-time lump-sum amount, variable pay, gifts, medical coverage, retention of company car, relocation assistance, career support etc.
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