The case study is about a leading technology company with a global hub of more than 1 million developers. The company specializes in innovation management & technical recruitment solutions and supports its worldwide clientele to fast-track their growth. THE CHALLENGE The company had challenges in evaluating employee performance and distributing Variable Pay fairly to the […]
Compensation planning is more than giving pay cheques or using multiple benefits to attract, hire, engage and retain top talent. Measuring employees’ performance with respect to organizational goals gives a fair basis to distribute compensation. Whether we blame lack of technology, economic issues or any other business factors, compensation management remains to be a major […]
Compensation planning is one of the best HR practices that encourages use of different pay benefits to attract, recruit and retain best talent. Employers look up to Compensation Management as a powerful way to reward high performing employees for successfully achieving their goals. unfortunately, not all organizations are good at managing and implementing compensation plans. […]
Better compensation, perks and benefits promote high employee performance. Employers must implement well-structured compensation planning to encourage top performers to excel and achieve far-sighted business goals. A study by University of Phoenix revealed that 55% working adults show interest in career changes & compensation hike, whereas 24% of working professional are ‘extremely interested’ in changing […]
Ordinarily, you would read the headline and elicit a fairly obvious and righteous response. ‘How can that be? Overtime pay is only a fair proposition, for every employee – who invests extra time towards your organisation. It is almost a basic right!’ you would exclaim.