Explore the latest Compensation & Benefits news, trends, AI innovations, HR analytics, and digital workplace insights. Stay updated with expert opinions and industry developments.
A well-diversified real estate brand, ELV Group has announced to praise its decade-old employees for...
Indias second-largest IT services provider, Infosys announces bumper salary hikes, promotions...
Software giant, Microsoft Corporation CEO Satya Nadella said in a memo to staffers that the company ...
For a long, employers have pondered over the importance of gender diversity and the extent to which organizations should strive to achieve the same. Employees are expecting more from their employers. Over the last several years, we have seen a dramatic shift in the public consciousness towards social justice, transparency, and intolerance of inequity. The […]
AI and Machinery Learning Models are the most complicated when implemented on Employee Rewards System. ‘Employee Rewards consists of – all the monetary, non-monetary and psychological payments that an organisation provides for its employees in exchange for the work they perform.’ Crafting a Tailored Rewards Strategy is not as simple as these statistical equations Simple […]
The key principle for organizations looking at rewards is to say ‘we value you’. It is important to check the differentiating factor (tangible and intangible) that makes an organization better to work at than the competition and also if this differentiating factor is still relevant in the current scheme of things. When a business changes, […]
HR Budget Planning for 2022– My son wanted to understand the fiscal deficit. I explained that every year, the government prepares a budget defining its expenditure and income. At the end of the year, if the government expenditure exceeds its income, that is known as fiscal deficit. The Government covers it by printing money. My […]
Just like many areas of our lives, pandemic has changed the employee benefits as well. This pandemic has pushed many employers to re-evaluate benefits and perks. Flexible work options once considered as luxury are currently the norms. This pandemic has changed the workplace and hence multiple benefits like pantries filled with healthy or not-so-healthy snacks […]
How ITC Infotech has Restructured C&B in Hybrid Work Model Multiple surveys, research, poll studies, and POV documents highlight that employers are heading toward a hybrid work model where legions of employees will rotate in and out of offices configured for shared spaces while finding ways to maintain a distinct company culture. Policies are a […]
Pay inequality is real and statistically established. It has always been there, in all societies and nations, industries all and sundry, regulated or unregulated. Legislations to combat unfair pay has had some effect over the past couple of centuries but there is a long way to go still before we can eliminate this evil from […]
Reward Philosophy Considerations in the Hybrid Workplace Long-time advocates of remote working are out in large numbers to prove they were always right about what the future working model would resemble. The pandemic has put the wind in their sails and the weight in their argument. Organizations have woken up to the new normal and […]
The social and economic impacts of COVID-19 have forced a significant number of organizations to reevaluate their approach to compensation & benefits. Prior to the pandemic, the outlook was strong with low unemployment, positive economic indicators, and a tight labor market. Then, almost overnight, we experienced an economic shutdown, skyrocketing unemployment, and a massive & […]
Remote Working: An Additional Lens to View Compensation As economists continue to debate if the pandemic can be categorized as a black or a white swan event it’s clear that the future reward agenda cannot remain grey! With organizations trying to control costs and employees prioritizing job security over the customary annual raise the time […]
Major Compensation Challenges in 2021 As the fiscal draws to a close and COVID-19 vaccination already a reality, there is hope all around. Many countries including India are projected to have a V-shaped recovery and uncertainties of the last 6 months are now, for the most part, behind us. This optimism brings interesting challenges for […]
Top C&B Trends to Look-out for in 2021 Compensation is one of the key differentiating factors for an organization to remain at the top. Many studies and analysis of exit interviews reveal that one of the main reasons for attrition, especially at entry-level to middle management, is compensation. Hence, to remain competitive, devising a compensation plan that […]
