Lipika Verma who was Director, Rewards India& Pacific for Schneider Electric has moved to a new role. After working with the company for more than five years, Lipika will lead the global team as Director, Rewards, Global Supply Chain. She would continue to be based in India in this global role.

The global role will be different from India for Lipika and to overcome the challenges she is strategizing her thought at a global level which can cater to the requirements of all the countries. 

Talking to People Matters, she said, “Understanding the key compensation & benefits aspects of various countries along with managing the talent agenda would be key in my view. The span of the role would be much wider as compared to India or a single country and would involve multiple stakeholders across SE globally.”

 Key Focus Areas

It’s the early phase of new financial year and Lipika has different focus areas to work in her new role. Managing talents through both build & buy approach (including talent mobility) with the best of rewards practices & creative solutions, pay equity across all countries in line with our corporate philosophy and strengthening of recognition practices for the global supply chain as a business unit are the three key focus areas for her. 

In order make a cohesive culture across all the offices, she will work closely with rewards teams across the countries. She said, “Compensation philosophy needs to be consistent across the globe. However, the benefits would be in line with the local laws of various countries.”

In another development, Barun Sen has joined to lead Rewards for Schneider India. Before joining Schneider, he was working with Goldman Sachs as Compensation and Benefits Head, India. Barun Sen brings more than twenty years of experience with him and he has worked with multinational companies such as Microsoft, Google, Intel and TATA.