A look at compensation trends for HR professionals…
I t has been over the last few decades that the human resource management function has added tremendous value to the theory and practice of business management in India. One of the areas in which human resource professionals have pioneered truly scientific, and globally recognized systems and processes, in place of ad-hoc practices, is compensation and benefits management. As we focus on careers in HR, it is imperative that we examine how these compensation and benefits practices have impacted the human resource profession in India. Also, we endeavour to highlight some of the determinants that have shaped the existing reward scenario for the HR function, and attempt to delve into the challenges and learning from the efforts made thus far. Some determinants of HR compensation:
