India Inc. pampering top talent with fancy perks
Companies like HCL & Infosys are taking good care of thier top talent by rewarding them in kind
According to a Business Today report, Indian corporates are getting quite liberal while rewarding top performing employees. Expensive gifts such as latest iPhones, Mercedes cars, flats and jewellery are being doled out to motivate and retain top performers.
This trend was spearheaded by a little-known diamond firm in Gujarat a few months ago. Last Diwali, Surat-based Hari Krishna Exports created a flutter by announcing expensive gifts like cars, flats and jewellery worth Rs 50 crore for its nearly 1,200 employees. Employees were given the option to choose from a Fiat Punto car, part-payment for a 2-bedroom flat or gold and diamond jewellery.
Companies like Infosys and HCL Tech too have carried forward this trend with great gusto. HCL Technologies has rewarded 130 of its top performing employees with a Mercedes or an all-expenses-paid holiday abroad as a token of appreciation, while Infosys gifted iPhone 6S to 3,000 of its top performers.
According to HR experts, companies are getting extremely serious about retaining their precious human assets & top talent and do not hesitate to dole out attractive perks in addition to hefty pay packages and attractive annual bonus.
“There are enough opportunities in the market in terms of new projects and hiring needs are increasing for every company across the industries so companies are looking at motivating their top performers and are ready to compensate them in terms of ‘kind’ which excites these performers,” said Sunil Goel, managing director of executive search firm GlobalHunt.
According to a survey by global professional services company Towers Watson, differentiating between crucial talent, high potentials and average performers is becoming more essential than ever. A well-defined Employee Value Proposition (EVP) is now becoming increasingly important with performance pressures and skill shortage getting more acute. When it comes to rewarding crucial talent, companies are actually willing to go way beyond the box.
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