Bring more flexibility, transparency and customization at employee level

Bring more flexibility, transparency and customization at employee level - Pradyumna Pandey
The expectations of employees from the performance management system (PMS) are more like consumer-grade experience - rewards and recognition should meet individual needs and aspirations.

How do you see the performance and rewards systems landscape across organisations at present?

PP Rewards and Performance Management are one of the most strategic tools in the hands of management to improve performance & engagement of employees. Rewards that are linked to Performance have maximum appreciation and acceptability at employee level. Rewards is looked like a token of appreciation being given to employees acknowledging their contributions and value created for the organisation. Apart from the intrinsic value generation, Performance and Rewards Management are critical for attracting and retaining talent especially in a highly competitive market. Organisations invest in these systems depending on their maturity continuum. Setting up a robust Performance Management itself is a long journey and requires years of focused change management. That’s the reason we have not seen many disruptive initiatives in this space. Very recently few organisations have moved away from traditional annual/half yearly review to a monthly...

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Dr. Pradyumna Pandey

currently is Chief Human Resource Officer, Mother Dairy, a wholly owned subsidiary of National Dairy Development Board (NDDB). A HR professional with over 30 years of experience in Human Resource Management, Pradyumna is keen strategist with the flair for designing and implementing innovative HR strategies and OD interventions.
Dr. Pandey is also recognized as ETHRWorld 50 Thought Leaders of 2022.

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Dr. Pradyumna Pandey

currently is Chief Human Resource Officer, Mother Dairy, a wholly owned subsidiary of National Dairy Development Board (NDDB). A HR professional with over 30 years of experience in Human Resource Management, Pradyumna is keen strategist with the flair for designing and implementing innovative HR strategies and OD interventions.
Dr. Pandey is also recognized as ETHRWorld 50 Thought Leaders of 2022.

April 2024

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