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    Home»Special»HRForecast 2024»“Align compensation strategy with ongoing global trends,” Lokendra Sethi
    HRForecast 2024

    “Align compensation strategy with ongoing global trends,” Lokendra Sethi

    HRK News BureauBy HRK News BureauFebruary 19, 2024Updated:February 20, 20243 Mins Read9915 Views
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    Talent tango: Fresh faces, sharp skills, or tech triumph? HR’s 2024 balancing act

    Information Technology (IT) organisations can gain a competitive edge by pivoting to internal talent and continuously building workforce capability. At DXC India, we aim to stay ahead of the curve by shaping the technical and power skills of our employees. Effective investment in managerial enablement and selfserving HR platforms has enabled our managers to become the first line of HR partners for their teams. Our people are actively encouraged to take the onus of addressing and resolving concerns independently, supporting managers and employees in exploring meaningful development and growth opportunities.

    Organisations need to strike an optimum balance and attract the right talent for niche roles requiring distinct technical and power skills. This can be achieved by offering market-relevant compensation, well-defined roles and comprehensive pre-hire and onboarding procedures.

    HR 2.0: From paper pusher to strategic brain trust?

    I perceive HR teams in the IT industry as architects of change, evolving from managing processes to strategic business partners. DXC India, with people at its core, has leveraged analytics, HR operation COEs, centralised platforms, chatbots and knowledge articles. This tech integration has empowered our teams to take on strategic and advisory roles, transforming routine transactions into strategic HR roles.

    Beyond monetary rewards, the focus is on interventions centred around overall employee well-being and development

    In the coming years, DXC India’s HR teams will continue as employeeexperience advisors, shaping talent experiences across all touchpoints. Interventions have empowered managers to act as the first line of HR partners, fostering meaningful career development and growth conversations. The innovative and dynamic thinking of HR teams in the IT industry is set to stimulate growth, inclusion and resilience, making 2024 an era of new possibilities, where HR propels organisations to newer heights.

    Payday revolution: Flex, on-demand and commuting costs — 2024’s compensation conundrum

    In the dynamic business landscape, organisations are continuously aligning their compensation strategy with ongoing global trends. Organisations, including DXC India, are expanding the spectrum of benefits and perks. Beyond monetary rewards, the focus is on interventions centred around overall employee wellbeing and development. Considerations now extend beyond compensation to encompass opportunities, perks, facilities, growth prospects, recognitions and flexibility that attract and retain individuals.

    Organisations can leverage intrinsic motivators such as well-defined career-advancement opportunities, flexible working hours and arrangements, recognising and rewarding employees through comprehensive R&R mechanisms and so on. For flexibility, DXC India provides an industry-leading sick-leave policy and allows extended unpaid leave for personal situations.

    Work-life jenga: Can HR help stack it right in 2024?

    There’s a transition from the traditional ‘work-life balance’ to a more comprehensive ‘work-life integration’ approach. The idea of choosing between ‘work’ and ‘life’ has limitations, and I envision an environment where our people excel professionally without compromising personal interests and priorities, seamlessly managing both.

    Organisations in the IT sector, including ours, witness collaboration across diverse demographics, embracing varied working styles and perspectives. The amalgamation of these diverse insights becomes a powerful force for innovation.

    This article is sponsored by Thomas Assessments

    43 leaders predict the upcoming trends for 2024. To download the e-copy click here

    2024 HR Trends DXC Technologies HR Forecast 2024 Lokendra Sethi
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