72% of organizations prioritize wellness programs, while 94% have adopted flexible work arrangements to boost employee satisfaction, indicates the report “Redefining Total Rewards: Fueling Business Ambitions & Employee Aspirations”of Indo-French Chamber of Commerce and Industry (IFCCI) in collaboration with Pluxee released in Mumbai recently.
This comprehensive study highlights trends in compensation, well-being programs, and workforce engagement strategies.
The survey was shared with 140+ prominent companies, all members of the IFCCI HR Committee and of the respondents, 87% were Indian subsidiaries of French enterprises from diverse sizes and sectors of activities.
Also read – 87% IT professionals believe lack of gender diversity in sector: Report
Key Insights :
Performance-driven Compensation: Companies are increasingly adopting pay-for-performance models, linking salary increments to skill growth and performance.
Personalized Benefits: Customized rewards such as hybrid work options and mental health support are gaining traction to meet diverse workforce needs.
Ms Payal S. Kanwar, Director General, IFCCI, remarked, “We are proud to present this collaborative report with Pluxee India, which highlights the evolving dynamics of Total Rewards as a cornerstone of workforce management. The insights from this survey offer a valuable benchmark for companies to understand emerging trends and best practices, enabling employers to make informed decisions and optimize their employee offerings.
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