Overcoming the Changing Face of India's Workforce
Conclusion
With the demographics of the employee population changing as older generations retire, younger generations take over and more women enter the workforce, organizations need to address changes in external and internal environments head-on and adjust their policies to fit the demands of their new workforces.As gender and generational splits shift drastically, organizations have some important questions to consider. Have we considered the changes we will be facing and how we will address them? Are we ready for the fundamental shifts in expectations? And of course, as we make changes to accommodate employees, it is crucial that we do not let go of the aspects that are successful at the moment.The years to come will be both exciting and important for organizations, and with the data available, companies are in a position to pre-empt the changes and stay ahead of employee expectations. Organizations that are ready to face this head-on will undoubtedly reap the rewards through having an engaged workforce, so all that remains to be seen is which organizations will take this step.
"Total Rewards Statements" (TRS)
An impactful approach to communicating your Total Rewards programAon Hewitt brings to you the Total Rewards Statements with the objective of translating complex rewards packages into easy to understand and internalize statements. The tool will help you in
enhancing employee's understanding of rewards programs, define and articulate elements of rewards and showcase the differentiation.The comprehensive and robust online portal will allow you to share unique and customized Total Rewards Statements for each employee, helping them see the value of their Total Rewards package.Total Rewards Statements Showcase the value, build engagement.
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