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Compensation– Fairness & Transparency
Compensation & Benefits

Compensation– Fairness & Transparency

Manager: Here’s your revised salary. Keep it confidential. Employee: Don’t worry Sir. I am equally ashamed of it!! This joke I read on the internet recently sums up the topic that I am attempting to discuss in this article. To say that communication around compensation is a sensitive matter would be a gross understatement. And […]

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Slowdown: Hyundai announced ‘No Production Days’ at Chennai Unit
Industry

Slowdown: Hyundai announced ‘No Production Days’ at Chennai Unit

Hyundai Motor India Ltd (HMIL) declared “no production days” this month for some of its production departments owing to tough market conditions for the automobile sector. As per the announcement at the plant, the Korean auto major said, “due to prevailing market conditions, there will be no production in passenger cars, powertrain system, and related support […]

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Total Rewards – Statutory Benefits 2019
Compensation & Benefits

Total Rewards – Statutory Benefits 2019

Total Reward is a concept that describes all the tools available to an employer that may be used to attract, motivate and retain employees. To an employee, the notion of total rewards includes perceived value as a result of the employment relationship. “In the last five years, we have seen so many New Corporate have […]

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People do not quit companies, they quit toxic work cultures!
Culture & Behaviour

People do not quit companies, they quit toxic work cultures!

I resigned from a job because of the toxic work culture. Yes, the salary was great but the job was consuming all my time. You do owe your employer your best work every day, but you don’t owe your employer your personal life or health. A toxic work environment results from a failure of leadership starting at the […]

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The Impact and Potential of AI in Compensation & Benefits
Compensation & Benefits

The Impact and Potential of AI in Compensation & Benefits

Artificial intelligence (AI) is covering up every aspect of our personal and professional life. At any organization, all functions are trying to make the best utilization of AI for optimum effectiveness and efficiency. Human Resources function is also not left behind in this race. “AI is already helping the organizations in finding, attracting, hiring, and […]

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In Conversation With Krish Shankar, Group Head- HR, Infosys on C&B
Compensation & Benefits

In Conversation With Krish Shankar, Group Head- HR, Infosys on C&B

Krishnamurthy (Krish) Shankar is the Group Head – Human Resources, Infosys. In this role, he is responsible for envisioning employee experience and driving the talent and organization strategy. Krish has over 30 years of experience and has led HR functions in organizations like BhartiAirtel, Philips, Hindustan Unilever and Unilever. In his wide-ranging experience in these […]

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The future of Compensation and Benefits
Compensation & Benefits

The future of Compensation and Benefits

C&B is one of the most dynamic fields in HR, constantly evolving into something new. From a fairly simple start up-to the early ops- when it was viewed primarily as a tax-avoidance and maintenance function – it has now become a visible tool for talent management and performance management while of course continuing to play […]

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Total Rewards- The Challenges and A Winning Strategy
Compensation & Benefits

Total Rewards- The Challenges and A Winning Strategy

Total rewards in today’s context and in its modern avatar is a bouquet comprising of Compensation, Employee Benefits, Environment, Career Development, Performance & Recognition. There are multiple pieces of research that indicate a strong and visible impact of an effective ‘Total Rewards Strategy” on enhancing performance and employee engagement, thus leading to better business performance and […]

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New Rewards: Personalized and Agile
Compensation & Benefits

New Rewards: Personalized and Agile

Over the last three decades, business cycles have changed dramatically. Change is happening at a significantly faster rate than in the past. Markets have become unpredictable to the extent that traditional paradigms are unable to keep pace. “Organization agility and innovation is the way of survival in changing economic scenario. Only the organization can adapt […]

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Two Lakh Jobs Cuts in Last 3 Months Across Automobile Industry: FADA
Jobs

Two Lakh Jobs Cuts in Last 3 Months Across Automobile Industry: FADA

Around two lakh jobs have been cut across automobile dealerships in India in the last three months as vehicle retailers take the last resort of cutting manpower to tide over the impact of the unprecedented sales slump, according to the industry body FADA (Federation of Automobile Dealers Associations)- PTI With no immediate signs of recovery, […]

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The Finer Elements of “Pay for Performance”
Compensation & Benefits

The Finer Elements of “Pay for Performance”

One goal of many pay for performance plans is to improve employees’ performance. Any close study of any pay policy assesses the effects on the performance of base-pay levels, merit increases, and one-time bonuses. It’s important to learn that both “how much” is paid (the amount of the reward) and “how” the money is paid […]

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Be Positive Because You are HR
New HR Trends

Be Positive Because You are HR

In one of the training workshops in my previous organization, an experienced HRBP (HR Business Partner) shared her concern with me. She found it extremely tough to work with one of her business stakeholders. The stakeholder; according to her, was extremely toxic in his language and was blunt about his grudge against HR. Since most […]

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