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Piyush Mehta
Senior Vice President, Chief HR Officer & Country Manager of India, GENPACT LTD

Piyush Mehta's Thoughts on Leadership

🎥 Oct 31, 2024 📺 Insight Jam ⏱ 12m 👁 12610 views
Piyush Mehta, CEO of @DataDynamics04, shares the story of his career journey and his thoughts on business and leadership.
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About Piyush Mehta

Piyush Mehta, Senior Vice President, Chief HR Officer and Country Manager of India at Genpact, has spoken about the company's approach to talent, technology, and the future of work. He described Genpact's talent acquisition strategy as focused on "building talent rather than buying it," and noted that the company's virtual learning platform, Genome, has delivered over 10 million learning hours. Mehta stated that Genpact uses an AI-driven tool called Amber to gauge employee sentiment in real time, and that employee engagement measured by Amber is the only non-financial metric included in the bonus pool for the company's top 120 leaders. He also said that the company has a hybrid work model requiring employees to be in the office three days a week, arguing that informal, in-person interactions are "priceless" and cannot be replicated virtually. Mehta has also commented on broader industry trends. He said the "half-life of skills is three to five years" and that reskilling strategies must account for this. He described AI as "a powerful enabler" that should be applied with a focus on scale and sustainability. In a 2020 interview, Mehta advocated for a "cautious restart" from the pandemic, suggesting that about 20% of corporate work done in person should return to the office and that companies should question the concept of a headquarters. He has also discussed the importance of purpose in the current talent market, stating that Genpact's purpose—"the relentless pursuit of a world that works better for people"—allows the company to offer candidates the opportunity to make a visible impact.

Source: AI-verified profile updated from Piyush Mehta's recent appearances. Browse all interviews →

Transcript (18 segments)
I
Interviewer0:01
Tell us a little bit about your path. So you're CEO, you've been running this company you founded 12 or 13 years ago, as CEO for over a decade. Were there any decisions along the way that you remember making that were kind of forks in the road, where you went left instead of right, and it was a very specific decision that you made? What were some of the most significant moments in that journey?
P
Piyush Mehta0:33
Every CEO in a growth company has that fork in the road every day in some form or another. What I will say is you make the best decision at that point in time with the knowledge you have. Right or wrong is something that comes in the rearview mirror after the fact, but you try to make the best decisions. In our case, we are led by a CEO in me that is not technical in terms of my education. I'm an accounting finance major by profession, quote unquote, even though this is my third tech company. As such, it's important to note that I'm driven by the customer use case as a key parameter to determine what we build next. Where are the customer pain points? I'm not building and saying they will come, because I don't have that mindset or luxury to have that smart level of thinking. So I go and talk to our customers. I think that's important because as we look at where we made decisions, we've always made the customer first in our decision-making power. We've had technologists who said we should do this, but when you go and say, 'Hey, where's the customer's head at and what are their pain points?' you end up usually at least getting far more practical solutions to market. You may not solve world peace overnight, but you're definitely addressing the pain points of today.
I
Interviewer2:01
How do you synthesize that or how do you get a consistency to the point where you can begin to see a trend line or some sort of a consensus around where your customers' heads are at? I'm curious.
P
Piyush Mehta2:14
You do need more than one. Absolutely. We have been fortunate and privileged to have some of the largest enterprise customers in the world: 28 of the Fortune 100, six of the top 10 banks, two of the top five energy companies. What happens as a result is you see a common theme when you talk to enough of them. You see a common trend that many times may be vertical-based, but most of the time it's across verticals, agnostic to the ones and zeros you're touching. It's a common problem: data sovereignty is a common problem, public or private sector.
I
Interviewer2:58
Do you wait for them to bring it up, or are you throwing these out?
P
Piyush Mehta3:05
It's a combination. We work with analysts to understand how they're seeing trends, because they have a broader base they're looking at. We then take that back to our customers and say, 'Hey, how many of you are seeing this?' or 'How many of you are bringing this up?' and we use that as a yardstick. We also work a lot with our channel partners and say, 'Hey, can you go check how many of your customers are seeing this?' Then that becomes an ingestion into our product management strategy of what we're rolling out over the next 12 months. That's a continual loop that takes place.
I
Interviewer3:39
How do you do it? Do you have account teams? Do you have a council you're consulting with? Or do you have straight-up consultants? How do you get that practically?
P
Piyush Mehta3:57
We have a customer technology advisory board which allows us to get really good input and insights. We leverage forums where we go and speak to customers. We host very specific roundtables with just a limited number of folks, and it's not about us but about understanding the problem statements. Then we obviously leverage the analyst community and our customers overall, but that's a byproduct of these three things taking place. These three things, along with what I said earlier, allow us to get enough insight to be able to offer educated solutions that can bring value.
I
Interviewer4:40
How do you bring that back to your organization and start to drive product development?
P
Piyush Mehta4:44
We make sure that the product management team is engaged in this process. Our chief strategy officer is engaged, our product management team is engaged, our lead architects and developers are engaged in this process. We have them sometimes be silent listeners on customer calls in terms of getting that feedback, because when you hear it from the horse's mouth, it's very different than the interpretation I may give or my colleagues may give internally. Then there's the 'oh my God' moment, a bulb that clicks that says, 'Yes, now I get it.' That allows us to make sure that what we're building really does address the problem statement rather than having an interpretive view of it and then there being a disconnect.
I
Interviewer5:27
As you have seen this pandemic kind of spool out and the workforce change a little bit, I'm a bit of an old school guy. I still believe there's value in the organic nature of working together in an office. I'm curious how you guys have wound up at the end of all of this. Were you in the office prior to the pandemic? Are you out of the office, hybrid, back in the office? What's your position on that?
P
Piyush Mehta6:01
I'm in full agreement with you. I think the swivel chair and asking a question, the conversation around a pot of coffee or around the water cooler is priceless, and you can't do that over any kind of virtual media. It's hard though, because culturally, it's amazing how human beings in two years of working from home have gotten used to that becoming their habit. To some extent I get it, because productivity hasn't been impacted as much in the short run. They're working more hours in certain cases because you wake up and sit and then you don't move. But at the same time, what you miss and what you lose is the camaraderie, the feeling of 'We are one company,' the feeling that we all work under one organizational structure. Now we're all independent in terms of working in that isolation, and you don't build friendships. When you don't build friendships, it's hard to build trust in working relationships. So when Dev and QA go head-to-head, when you have that ability to say, 'Hey, are you out of your mind? You're nuts,' and be able to say it with the other person taking it with a sense of respect that he's just saying it in a jovial way, it's different than saying it when you've never met the person. We have deployed a hybrid model now where we're saying three days a week you should be back in the office, but it's still very hard to enforce, to be honest. It's hard because people have gotten used to not commuting.
I
Interviewer7:40
I think a lot of them just moved further away to the point where it's like, 'What are you gonna do?' I don't think anybody has it right. The banks and others are trying for five-day weeks, and people are just not used to it. They'll do it till they find an alternative job, and if they can find one that allows them not to do it, they'll do it. If the economy slows down and there's no other option, then guess what, they'll commute in. But I think hybrid is probably the future, and I highly encourage the youngsters in the labor force to go in more. The senior guys like us, whether we go in or not, maybe we know how it works. But if I'm in my 20s or even in my 30s, I should want to go every day and meet as many people as I possibly could.
P
Piyush Mehta8:28
I couldn't agree with you more. I have two sons who both graduated post-pandemic. One graduated the year after the pandemic and the other right after that, and they went into jobs that were completely remote. It really messed with them because they couldn't get a read on who they were working with. They would say, 'I think this person understands me, and I think they're getting what they want from me, but they haven't made a connection.' There's no soft relationship there beyond 'I want this from you, here's my deliverable back.' I've seen them struggle with it, and they both, when they had the opportunity to go in, both went in. The truth of the matter is, there's never been a more important time for you to be in the office as a young person, because you want to hear what's going on with the way organizations are changing. These organizations are all going to change; they're all being influenced, and new tools are coming. I think I just saw a number that said something along the lines of $3.7 billion have been invested in just the last year in AI startups. All those dollars are building products that are coming next year and the year after that. The sales people haven't arrived yet; they're just being hired. But when they start to arrive, the world is going to change. These organizations are going to have tools they never imagined having, and it is going to have a direct impact on departments of people and classifications of people. You're going to want to know what the guys on the 15th floor are doing to the guys on the ninth floor. You want to be in the elevator and hope you meet a senior executive and shake their hand and say hello, versus not even knowing who they are except a picture on the website.
I
Interviewer10:39
Do you do anything like that? My son was just saying that his organization, a smaller one with a couple hundred people, the CEO has asked him to go out to lunch a couple times over the last few months, monthly meetings, which I thought was great because they are making a human connection. Do you get a chance to do that, or is that how you think about it?
P
Piyush Mehta11:07
Yeah, everywhere we have teams, once a quarter depending on India, UK, US, Europe, I get out there. Not only do I get out there, I end up taking them out for dinner and drinks. I end up doing lunches every day with a smaller group. There's never a more valuable and productive time for me than to spend time with them, because you get to learn so much about each other. They get to learn about me as well as more about the company, answer questions they may not be willing to ask in a broader forum, and I get to learn about them as a human being. I get to know who has what kids, who has what type of parents, where the health issues are, and all the things that allow me to be personally in touch. That's the part that I think is missing today in the hybrid world, because when you build that personal connection, you're able to go above and beyond to relate and to be able to make that call and say, 'Hey buddy, how's it going? Do you need anything?' whereas you're just a formal ID as an employee.
I
Interviewer12:08
Piyush, this has been an absolute pleasure chatting with you. I've enjoyed it a great deal, and would love to do it again as we move through the Inside Jam podcast. It's always good to get perspective from a CEO of your stature, and certainly best of luck with everything you've got coming up. We'll look forward to talking to you down the road.
P
Piyush Mehta12:37
Thank you so much for the opportunity. It was great talking to you as well, Doug. As we drive our vision of data democratization into fruition, we look forward to keeping you guys updated.