The average salary increase across sectors is expected to be 9.7 per cent in this fiscal, 6 points less than the actual figure of last fiscal.
Together the two firms will increase value to the customers they serve with the strength, size and scale to deliver rapid innovations.
The company plans to streamline the existing seven ranks, except for executives, into four, based on employees' career levels.
Approaches that will change the way we look at the interventions in terms of cultural relevance, functional expertise and competency building.
The marketplace is shifting from tools that automate traditional HR practices to platforms and apps that make life at work better.
Businesses across the globe are all trying to build an inclusive, energetic and multigenerational team. With a world moving into a new era, ‘engaging people’ emerged as one of the biggest competitive differentiators in business.
In the new system, there is no forced fitment of an individual into a particular performance grade. The erstwhile quota system of performance grades, where every department is supposed to have its list of high and low performers, has been abolished.
A study indicates that many companies are not only causing unnecessary stress to their employees, but also wasting money on ineffective bonus schemes.
New technologies, data analytics and social networks are expected to have a deeper impact on how people communicate, collaborate and work. Are organisations prepared for the new workplace?
Last year, performance management had to adapt to dramatically changed worldviews. It is expected that many such HR concepts will come under scanner this year. Read to find out more.