Pricol has been in the forefront of many a Corporate initiative, be it in the fields of creation of variable pay to reward merit, a structured methodology to determine its compensation package, of adopting various Management initiatives like TPM, TQM, Six Sigma, Lean Manufacturing, Balanced Score Card and being a path-breaker in this region in bringing in professionalism to its operations.  Best practices available across the industry are horizontally deployed throughout the organisation by total participation of employees, which is turned into Total Employee Involvement. 

The Annual Business Plan provides to one and all the mission and direction.  The Balanced Score Card perspective provides clarity and enables unfolding of strategy through operational initiatives.  Department and Individual Deliverables based on the MBO ensure the congruence and alignment of team to common goals at the operational level. The periodic performance reviews provide direction and feedback to people. Performance Pay schemes are designed to recognize and reward excellence. Outstanding performers are identified through the annual performance and potential appraisal whereas the Managers and above undergo a 360 degree appraisal. Compensation is comparable to the best in the industry and the location.

"Training to compete and competing to train" is the philosophy of Pricol as a Learning Organisation. The Training Calendar addresses the development aspirations of individuals. Renowned trainers help people sharpen their Technical, Functional and Behavioural competencies. Assessment and Development Centres, Management Development Programmes and Out Bound Training programmes are designed to foster Individual and Team development. The Cross Functional Teams work on vital organizational projects. Graduate Engineer Trainees and Management Trainees work for different functions and on different projects before final placement.