Delhi, India—May 28-29, 2009
Hewitt Associates partnered with AIMA (All India Management Association) for the Summit on 'Managing Compensation and Rewards: Innovative Strategies in Challenging Times'. The 2-day summit was addressed by CEOs, MDs, Business Leaders, Human Resource Heads, and Experts who shared insights on:
- Rewards as a tool to retain key talent.
- Role of Communication in managing rewards.
- Rewards: Balancing the Downturn and Growth—Issues and Challenges.
- Pay for Performance & its significance in uncertain times.
- Motivating the sales forces through rewards in an economic downturn.
- Pay for Performance in the Public Sector.
- Managing Under water stock options.
- Linking rewards to ownership (ESOPs).
- Trends in Managing Rising Cost of Benefits, Retirement fund & Healthcare.
- Managing Compensation in times of consolidation and M&A.
- Reward Trends in India Inc.—How they have evolved over the years and what lies ahead Managing Taxation & payroll Processes.
The summit provided a platform for distinguished professionals to share their perspective on managing compensation and rewards in challenging times.
Mr. Sandeep Chaudhary, Practice Leader—Performance & Rewards South & West Asia, Hewitt Associates opened the summit with keynote address, by establishing the business context that HR and Compensation professionals are witnessing in today's challenging times. He touched upon the current and evolving compensation trends.
Mr. Vishal Pandit, Market Manager—India & Middle East also shared his expert viewpoint on Rewards: Balancing the Downturn and Growth—Issues and Challenges.
Mr. Shekhar Purohit, Principal, Hewitt Associates opened and moderated the sessions on Managing Underwater Stock Options: Linking Rewards to Ownership (ESOP's) and Trends in Managing Rising Cost of Benefits, Retirement fund & Healthcare.
Over the course of the two days, the different plenary sessions helped uncover various issues and challenges faced by the HR fraternity, provided solutions and shared best practices that HR must work on to keep businesses competitive.
Mr. Rohit Jain, Business Leader—North, Hewitt Associates chaired the concluding session by sharing and highlighting the key takeaways of the 2-day summit. Rohit Jain also reminded participants of the fact that 'Compensation' is still regarded as a cost and not looked at from a strategic ROI perspective.
