The Colombo Stock Exchange (CSE) was presented with a National HR Excellence Gold Award at the recently held National HR Conference for 2016. Organized by the Institute of Personnel Management (IPM), the conference is tagged as South Asia’s largest HR event. The award was presented in recognition of the CSE’s exceptional HRM practices and the contribution of the HR function towards driving organizational performance.

The shortlisting for the award was done in three rounds, including an in-depth audit of the company’s HR practices and a final viva conducted by a distinguished panel of HR specialists. The award under the gold category, was presented to 7 companies, namely: Bodyline, Unilever, Browns, Sampath Bank, Virtusa, Hayleys Plantations and the Colombo Stock Exchange.

Commenting on the award, Mr. Rajeeva Bandaranaike, CEO of CSE stated “We are proud to have won a HR recognition award at a national level and it is an endorsement of the transformation that has taken place in HR practices at the CSE.”

IPM holds the National HR Excellence Awards as part of the National HR Conference to recognize individuals and companies for their exceptional people management practices.

Ms. Prashanthi Sabesan, Head of HR at CSE said “We recognize that achieving outstanding results start with our people, and we continually strive to establish and enhance sustainable HR practices. We are honored to receive this award and we would like to offer our gratitude to IPM for creating this platform.”

Ms. Sabesan also said “The contribution made by HR has increased in a manner that is sustainable and in-line with the organization’s strategy. Also, being an organization that is driven by knowledge, we are happy that we have established practices to transition to a learning organization. The unique approach and internally developed models that have gained the confidence of the employees has underpinned the sustainability of HR practices at the CSE. During the past couple of years we focused on the basics and constantly enhanced the service standards relating to Compensation and Benefits, Performance Management, Recruitment and Selection, Training and Development, and Employee Engagement to contribute to the CSE at a strategic level.”

This award comes at the back of CSE’s recent success in being recognized by the Global HR Excellence awards for the “Most Innovative Use of Training and Development.