Most Indian organisations have taken progressive incentive-based measures to attract and retain talent during the pandemic, says a study.
According to a recent Mercer India study - 'Leveraging Incentives for Competitive Advantage', as many as 97 per cent companies have an active short-term incentive plan for in-year performance recognition.
The study conducted earlier this fiscal by Mercer India, covered 41 organisations, representing over 3,00,000 employees pan-India, and included corporates spanning the consumer, chemicals, life sciences, IT services and Internet-based or e-commerce industries.
With changing work dynamics and employee expectations, the respondents believe it is imperative that the human resources team structure the short-term and long-term incentive plans to ensure that the incentives were aspirational, sizeable, and fair and simple, while also being achievable.