Rakyan is the global data services practice leader for the Asia Pacific region. This move re-emphasises the company’s focus on the Indian market.
HR consulting firm, Towers Watson, has relocated its Asia Pacific leader for global data services practice, Sambhav Rakyan, to India. He will now steer the company’s growth in the region from the India office. This reaffirms the company’s focus on the Indian market to drive its solution-based business.
Based out of Towers Watson’s Gurgaon office, Rakyan will continue efforts to expand the data services practice across the Asia Pacific, but with an added focus on India.
Rakyan, who has a management degree in finance from the Rochester Institute of Technology, has been associated with the ‘compensation’ and ‘benefits’ functions for more than a decade.
He started as a compensation and benefits analyst with Hewitt Associates in 2003. Post Hewitt, he has worked with companies such as Xerox and Radford as a consultant on compensation and benefits. He has designed, launched and managed compensation and benefits surveys for industries across the APAC region.
During his stint with Towers Watson, Malaysia, as the global data services practice leader, he successfully forayed into the pharmaceuticals and insurance sectors. Under his leadership, Towers Watson’s dealings in Vietnam grew by nearly 40 percent and he became the preferred compensations and benefits consultant for industry associations, such as the Pharmaceutical Association of Malaysia (PhAMA) and the Multimedia Development Corporation (MDeC).
With a survey database covering nearly 110 countries, Towers Watson provides compensation, benefits and employment practices information to global employers.
It helps businesses build a competitive compensation and rewards plan, in line with their business goals.
According to the company, a growing and robust business environment, as promised by the Modi government, will require experts to help with issues related to competitive compensation, differentiated rewards and employee value proposition.
Rakyan, who has successfully designed, launched and managed compensation and benefits solutions for a broad range of sectors across the APAC region, is expected to play a crucial role for multinational corporations, local conglomerates and government institutions, in aligning their compensation and rewards philosophy and strategy with their overall business.
Rakyan, who moves back to India after a decade, is quite enthused about the relocation. He shared with HR Katha, “India has emerged as a nerve centre for economic activity given the political stability, financial surge and positive investor sentiment. For companies to succeed in this dynamic environment, talent must be treated as the most important factor for creating growth. However, as the war for skilled talent intensifies, organisations will need to strengthen their employee value proposition and build a competitive edge to hire and retain key talent.”