What will the compensation and benefits landscape look like in the next five years?
YB Compensation and Benefits is that part of HR which whatever way we innovate, is less to deliver the desired workforce expectations. The multi-generational workforce poses multiple challenges in its effective management. The challenge is more in integrating stakeholder expectations yet being able to differentiate in terms of customizability, tax friendliness, and competitiveness in the talent marketplace. Strategically C&B plays a vital role in attracting and retaining critical business talent. Yet a not-so-critical talent pool is also important for any organisation. Like Maslow’s hierarchy of needs, each company has to evaluate what the needs of its employees are at various levels, experiences and skills, and proficiency levels. While the basic needs must be matched equally for all, the higher-level needs can be plugged in for measurable value-added roles and differentiation is a must for employees who consistently deliver high influence and...
