Editorial

Anandorup Ghose
Director – Talent and Rewards,
Aon Hewitt

Dear Reader,

We are glad to present to you our 14th edition of the Total Rewards Quarterly. Over the last few years, we have been delighted to see how this journal has established a niche for itself among the range of HR/rewards publications in India. Your support and feedback in this regard has been truly valuable.

Our focus with this edition is to provide you information that is relevant and contextual to the pay revision cycles you are currently engaged in. The two lead stories on salary increases in India and executive compensation levels should help you frame your points of view on these two areas. These stories are based on two of our comprehensive surveys that cover data from companies across sectors, sizes and performance/ownership dynamics. We are also presenting to you in this edition asummary of our findings from the Campus Study an analysis of pay levels being offered across a range of vocational campuses in India.

As a firm, over the last year, we have increasingly become more convinced that two fundamental shifts are happening in HR firstly, leading organizations are becoming far more aware of the power of HR analytics. We have, over the last few months, spent time with our partner organization, Bridgei2i, in developing approaches that can bring the power of HR analytics to our clients. Secondly, the Total Rewards needle is slowly and gradually settling into the benefits box and organizations with flexible benefits structures that can align to their varied employee demographics are seeing far greater engagement levels. We are bringing to you our thoughts on these two topics and we look forward to your comments on how you see these two changes in your organizations.

We are also delighted to bring to you our conversations with Animesh Kumar, Group Head, HR & Corporate Services, IDFC. We were very keen to interview Animesh not only because he is leading a very interesting HR transition of IDFC from an NBFC "conglomerate" to a bank, but also because he has the knack of throwing interesting challenges on core beliefs around pay and benefits!

Before I sign off, I wanted to invite you all to our annual 'Around the World with Total Rewards" conference. It is scheduled for the 11th of June in Mumbai and we look forward to seeing you all there.

We enjoyed putting together this edition and hope you will enjoy reading it.

Thank you.