Explore the latest Compensation & Benefits news, trends, AI innovations, HR analytics, and digital workplace insights. Stay updated with expert opinions and industry developments.
Total Rewards is a key instrument to attract and retain talent. But it is also one of the major area...
Todays talent landscape is powered by Digitization, Artificial Intelligence and Machine Learning ar...
There has been a steady growth in GCCs in India over the past decade. The growth coupled with changi...
In this dynamic world, where massive changes are happening in the environment, it’s time for us as Rewards Leaders to start rethinking about moving away from the traditional rewards mechanism and proactively plan, for the future. As we enter a new decade and 2030 appears on the horizon, the world is at a crucial juncture. […]
The Compensation strategy relates to the Compensation Philosophy of the organization. The strategy needs to clearly state the key strategic behaviors and values, which are in alignment with the Organization’s Core values. (Value and behavior which are guidelines for the Human Resource strategy of Hiring, Training, and development, Performance evaluation and Engagement.) Robust Integration of […]
The following stories are inspired by 2 real-life incidents. The names and situations have been changed to respect and protect the privacy of the individuals concerned. Scenario- 1 Avik has been the star performer at Big World Corporation from the time he joined. He clearly remembers the day BWC had come to his college campus […]
The Gen-Z population often referred to as Gen Zers, is the generation born between the late 90s and late 2010s and account for almost 35% of the workforce population. This high-flying generation can be spotted in casuals with smart wearables around their wrists and necks, they care about the world and aspire to save the […]
The social contract through which organizations motivate and engage individuals to expend discretionary effort is through what we have now come to christen as Total Rewards. Organizations look to reciprocate the value that employees bring to the table through the elements of compensation, benefits and a host of other elements that have evolved into reality […]
Total Rewards Optimization, “From Motivation 2 A Model 4 Emulation” As the field of Personnel Management evolved beyond just the 3Rs (Recruit, Retain, Retire) in the last few decades to Human Resources Management with key verticals such as TA, PMS, TMS and especially C&B (Compensation & Benefits) made significant contributions to the organisations, in the […]
The concept of “Employee Wellness” has become the flavour of the season in many corporates. To be an employer of choice, many corporates join the bandwagon of employee wellness without much deliberations and hence these programs fail. In order to have a healthy and happy workforce, employee wellness should become an integral part of the […]
Consumer behaviour experts swear by the statement,” Buying is an emotional decision”. All of us have experienced it in our daily lives. Irrespective of all the data, analysis, peer influence, advertising, and the price, ultimately the decision is influenced by our subconscious biases mainly driven by the primal stimulus- Emotion. The same thing can be […]
According to recent surveys, Millennials will constitute 75% of India’s entire workforce by 2025. This generation is driven, passionate and goal-oriented. They try to go above and beyond not just to complete the tasks given to them but also to learn more in the process. It is due to this constant drive and charisma that […]
By- Stephanie Madison. As we look ahead to 2020, compensation management will play as important a role as ever in attracting and retaining the best talent for your organization. This includes not only offering competitive pay but also providing the total rewards options that your workforce wants and expects. While it’s important to always make […]
While the passage of one year does not change significantly how companies reward their employees, or how emerging technologies augment the sophistication of tools used to carry out a compensation exercise, the following are some of the trends that may emerge soon, starting with 2020. People Born In The New Millennium The youth born in […]
Industry 4.0 represents the fourth revolution that has occurred in manufacturing. Industry 4.0 focuses heavily on interconnectivity, automation, machine learning, and real-time data. Also referred to as IoT or smart manufacturing, Industry 4.0 connects physical production and operations with smart digital technology, machine learning, and big data to create a more holistic and better-connected ecosystem […]
