Total Rewards

Anandorup Ghose
Director - Talent and Rewards,
Aon Hewitt

Dear Reader,

It gives me great pleasure to present to you the 15th edition of our Total Rewards Quarterly. 15 is a special number for us this year – we recently completed the 15th year of our Best Employers Study and some months back, the 15th year of our Salary Increase Survey. This year as a firm, we are also completing 30 years of helping companies solve HR problems in India. Statistically we have been around in India for more than the average age of the working population of the country! This is also a special edition for us as we cover themes from our Annual Rewards Conference. This is an annual event where we ensure that we get to hear from the best in the industry, and focus on driving a mature dialogue through the course of this conference to enrich our participants as well as give us better insights into what companies are thinking. We have been noticing a new pattern in the world of rewards. At one level, new age companies are pushing the compensation paradigm into totally new territories. In parallel, companies in traditional industries are also incorporating distinct changes in the way they look at Total Rewards. Through two very diverse sectors - technology and public sector banks, we understand these non-traditional ways of looking at rewards practices. Also, across most organizations, we are seeing far greater focus towards driving better health and wellness for their employees - and in a very fundamental way, this shift is going to change the way employment value proposition gets structured. An interview with our global expert, Stephanie Pronk, explores this in detail. We are also happy to present an interview with Vinay Razdan, the CHRO of Idea Cellular, which explores how Idea is coping with the changing talent landscape. We enjoyed putting this edition together and hope you will enjoy reading it.

Thank you.