We are thrilled to announce that Vcheck has been Highly Commended in the ‘HR Initiative of the Year’ category at the prestigious 2024 American HR Awards 2024.
Our Achievement
Vcheck’s HR initiative focused on strengthening internal promotion opportunities and improving employee pay transparency. In 2023, we instilled a new manager training system to cultivate talent better and updated resources for cross-functional knowledge and pay bands. In the year that followed our efforts, Vcheck’s retention increased by 32%.
Our initiative has been recognized by an esteemed panel of judges, including industry leaders and HR experts. This high commendation places us among the top performers in HR initiatives across the United States.
Key Initiatives
- Gender Pay Equity: We conducted a thorough analysis to identify and address any gender pay discrepancies across the company, ensuring fair and equitable compensation for all employees.
- Enhanced Training Opportunities: We implemented a Learning Management System (LMS) to provide comprehensive training for all employees, including specialized training for investigators. This has not only boosted employee skills but also demonstrates our commitment to their professional development.
- Manager Training Program: We invested in training for both new and experienced managers, ensuring strong leadership and mentorship throughout the organization.
- Career Pathing Tools: We introduced transparent career paths and pay bands, giving employees a clear understanding of growth opportunities within Vcheck.
Impact
- Retention Rate Increase: Our retention rate soared from 68% in 2023 to 90% in 2024.
- Promotions: 44% of employees were promoted within two years of their initial hire in 2024, highlighting the effectiveness of our career pathing tools.
- Employee Feedback: Our employee surveys show a significant increase in positive responses regarding feeling valued, company culture, and the company’s investment in employee growth.
Looking Ahead
Vcheck is honored by this recognition and see it as motivation to continue pushing boundaries in our HR initiatives. We remain committed to innovating and improving our people practices to ensure Vcheck remains a great place to work and grow.
Thank you to our amazing team whose efforts made this achievement possible. Here’s to creating even better employee experiences in the future!
Previous
