People Matters

The Counsellor: Dreading the Bell Curve

Mar 15th 2011

Vivek Paranjpe, Consultant & Strategic HR Advisor to Reliance Industries answers professional and ethical dilemmas faced by our readers at their workplace.Question: I am a HR manager in a mid-size manufacturing company. Last year the HR team revamped the performance appraisal system to focus on a balanced scorecard system along with a normal curve. We got a lot of pushback from line managers to this change. They told their teams that, “HR has asked me to rank you on a normal curve, a... Read more »

Is Your Organization People-Ready for Growth?

Mar 15th 2011

Having gone through the difficult three years, Indian organizations today are busy preparing for the promising new future. While we all celebrate that the boom is back, the HR Leadership Dialogue 2011, a conference organized by Network 18 in association with Monster.com, is a reality check for all people leaders. To meet the challenges that come along with the projected positive growth for businesses, here are some actionable points that HR leaders and professionals across the industry can emu... Read more »

Total Rewards Special 2011

Mar 15th 2011

As companies finalize their performance cycle and review their reward programs for the upcoming financial year, the Edenred – People Matters Total Rewards Conclave this year brought together HR Heads and C&B specialists to share the key trends in Total Rewards. Presented here are highlights of what business leaders said on the topic during the Conclave.This Rewards Special will help you understand the complex implication of Total Rewards on employee motivation and the bottom line ali... Read more »

Total Rewards Special: Capitalize on your Total Rewards

By Niharika Mohan Uppal

Mar 15th 2011

The focus of rewards is changing from being transactional to strategic. Rewards today are a strong tool for organizations to ensure performance excellence by addressing the unique and customized needs of high and critical performers.In the aftermath of the global recession, across all sectors and regions, organizations are struggling to rebuild profitability. In order to attain this goal, it is axiomatic to balance three, often conflicting, challenges - cost containment, performance improvemen... Read more »

Total Rewards Special: Link Corporate Strategy to Variable Pay

By Vijay Gandhi

Mar 15th 2011

For effective implementation of variable pay, organizations in emerging markets need to link corporate strategy to variable pay, address line managers’ skills and differentiate high performance.In the profession of compensation and benefits in the HR space, we set great score by hard facts and financial numbers. To gauge the performance of the company, we pour over the numbers in the financial statements. To measure the effectiveness of a department, we look at the revenue or cost savi... Read more »

Delivering an Experience at Every Touch Point

Mar 15th 2011

Employee loyalty is crucial for business success as it directly impacts customer experience where every single interaction with the brand through the employee is the ‘moment of truth’ for the customer, says Ashok M.S., Chief Operating Officer, Accentiv.How is customer loyalty different from employee loyalty in terms of concept and approach? The principles applied to building loyalty are the same whether it is for the customer or for the employee. The principles include providing a... Read more »

Total Rewards Special: The Changing Face of Employee Benefit Insurance

By Rajesh Rai

Mar 15th 2011

HR heads across sectors has been trying to rise to the challenge of high insurance cost and even considering if certain benefits can be withdrawn altogether. This requires employees to initiate focus on insurance benefits of all kinds on their own.Employee Benefit Insurance has become an irreversible and integral part of Indian Inc.’s landscape in the past few years. It is also indubitable that health insurance continues to be the most valued component of this program, chiefly due to inc... Read more »

Total Rewards Special: A Portfolio of Career Experiences

Mar 15th 2011

Learn how a new look into the meaning of career advancement can bring in the required advantage for organizations where dynamic competitive scenarios continues to pose the problem of retaining critical talent. Dhritiman Chakrabarti, Managing Director, Towers Watson India, shares critical points of attention for HR and senior management, while speaking with People Matters.A dominant 60% of Indian employers have reported that career advancement opportunities for their employees have improved ove... Read more »

Total Rewards Special: Decoding Executive Compensation

By Anandorup Ghose

Mar 15th 2011

While it is true that pay delivery and governance across the world was being driven by the pursuit of growth and overlooking the risks inherent in such growth, this misalignment of pay was more prominent in certain industries and countries and was never a global phenomenon.Executive compensation as a subject has always been fairly opaque and inscrutable in India and in most parts of Asia. Organizations have rarely, if ever, been open to sharing executive compensation data outside of whatever i... Read more »

Total Rewards Special: Time for flexible and holistic Rewards Strategy

By Debadatta Baxi

Mar 15th 2011

After resorting to harsh methods to reduce labor costs during the downturn, it is time that companies revisit their compensation and rewards plans as the economy is now picking up, and keeping in mind that the new rewards strategy should be flexible to economic fluctuations.One of the studies by Hay Group and World at Work Institute suggests that the recent corrosion of financial capital has paved the way for an increased focus on the human capital management. Rewards and talent management pro... Read more »