MappIng the change in rewards trends for 2017
Looking closely at how the rewards composition has evolved over the years, we take a closer look at the market forces that will play a crucial role in determining the rewards landscape in 2017
As the current financial year comes to an end, most companies are geared to enter into a phase of restructuring their Total Rewards strategies. But given the recent global shifts impacting the markets like the Brexit, election of Donald Trump as the US President, and the recent move to demonetize currency in India, organizations will have to factor in such global developments while designing their total rewards strategies. As Preeti Chandrashekar, India Business Leader - Benefits, Mercer India explains, “2016 was quite an eventful year from a global standpoint. Among other things we saw Brexit, a change in leadership in US, demonetization back home. All this would be affecting different industries differently.” In 2017, rewards professionals will have to look at creating the right reward strategies while keeping market and business restrictions in mind In 2017, rewards professionals will have to look at creating the right reward strategies while keeping market an...
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