Designing a perk is an exercise. In the minds of employees, perks serve as a significant differentiator between companies.
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Deciphering the latest trends and insights from the entire gamut of employer-employee relationship and presenting a true picture of what’s happening in the people space. Ponder over causes that affects every employer and employee
While salaries of postgraduates grew by 68 per cent in three years, they increased by only 57 per cent for graduates.
As per Mercer’s survey, Indian cities are safer than most cities in South Asia with Chennai at the top. Hyderabad tops the list in terms of quality of living.
How does an organisation ring fence the acquired talent?
The next decade or two may see retirees in India facing the challenge of inadequate incomes.
Startups and companies in their early stages will continue to provide maximum increments in order to retain and attract talent.
Swiss bank, UBS, has introduced ‘employee behaviour’ as an integral part of the performance review giving as much as 30 per cent weightage while deciding the bonus payable to the employee.
Ironically, IT employees remain dissatisfied despite being the highest paid.
Organisations are ready to hire new set of recruits – not the millennials or Gen Z – it’s the smart machines and artificial intelligence. The new workplace will see humans and intelligent machines working in tandem.
Large companies in India as well as in other advanced markets are resorting to astrology to find the best fit.
According to Accenture – global technology trends report, companies that equip employees, partners and consumers with new skills can fully capitalise on innovations.
While 61 % of the workforce in India wishes to retire in the next five years, 59 per cent cite work- related pressure as the primary reason for doing so.
Women thrive when there is an alignment between the individual and the organisation. Only then can one break through the inertia and advance women at the workplace.
When on equal footing with leaders from other functions, where do HR leaders stumble?
New skillsets will be required to thrive in the new landscape, attributed to new fields, such as artificial intelligence, machine-learning, robotics, nanotechnology, 3-D printing, genetics and biotechnology.
A study indicates that many companies are not only causing unnecessary stress to their employees, but also wasting money on ineffective bonus schemes.
The biggest challenge for organisations is to retain employees as attrition increases from 10.3 per cent to 12.6 per cent between 2014 and 2015.
Putting employees under surveillance to measure efficiency, and ensure data security is a common practice. However, constant surveillance also increases fear and stress levels in employees and decreases trust levels.
Only 17 per cent of those surveyed by Korn Ferry are confident that their organisations have the right leadership aligned with their strategic priorities.
An evaluation of how different aspects of the workplace can undergo changes and impact the place of work.
Even if India’s inflation rate of 6.4 per cent is factored in, the real wage increase will be 4.7 per cent, implying double the growth rate of 2015.
The Principle was definitely applicable when individual careers were typically stable, linear and mostly confined to one company. Surprisingly, in the new workplace, the rule still holds true, though the context has changed.
A sizeable part of India Inc. considers ESOPs as a great motivational tool and performance enhancer. While 41 per cent have successfully tested it as a motivational tool, almost 10 per cent confirm its effectiveness as a tool for increasing profitability.
Loss of job is undoubtedly an emotional time when people feel alone, scared and vulnerable. It is important for an employer to smoothen the termination process, show compassion and empathy and re-instate trust. The employees must see the decision as a necessity for business rather than a witch hunt!
The study forecasts an overall increase of 14.5 per cent in the hiring intent in 2016, as well.
Employers and employees have a different set of beliefs and expectations in the current situation, and this isn’t a healthy trend.

