Human Signature

The future of total rewards is shaping up to be dramatically different from its current look and function. Artificial intelligence, workforce analytics, agile organizations, employee experience and more are just some of the changes in store. Artificial Intelligence - The interconnection of artificial intelligence (AI) and compensation marks a new age in total rewards theory. Machine-powered analytics can provide greater insight into the challenges of job matching and talent selection, which could lead to significantly improved recommendations and higher performance. Soon, AI will lead to "job descriptions that write themselves”. Survey-based data may not be replaced, however, we might be seeing real-time peer data which will help in better and faster pay decisions. Agile organization - Organizations are becoming more agile and flexible. Within a constantly evolving business climate, it is crucial for an organization to move quickly and effectively. With the

While last year’s theme was pro Rural, pro Agriculture and pro Woman budget and there was no significant takeaways for middle class. The election mode is ON and it was clear that the government wanted to use this opportunity which is one of the last opportunities before them to send positive messages to its core voters.  The tax sops given to the middle class and salaried employees makes it a friendly budget.   Fiscal prudence prevailed as the fiscal deficit was stated to be contained at 3.4%. Unarguably there were two main themes: Key Numbers ·        India’s Economic Size: $ 2.6 trillion (India to become $5 trillion economy in 5 years) ·        Total expenditure of this year’s Budget: 27.84 lakh crore ·        GDP Expected (2018-19): 7.2% ·        Fiscal Deficit: 3.4% of GDP ·        Current Account Deficit: 2.5% of GDP ·        CPI: 2.18% ·        WPI: 3.8% ·        Repo Rate: 6.5% ·        Forex Reserve: $ 398 Billion India is

While FM must have an eye on the LS elections  and also the impact of the low vote share % in Saurashtra, one thing which must be applauded that there were no giveaway subsidies and no loan waivers which has been very common in the past. Currently the government is facing number of constraints and challenges like: 1. 40% increase in oil prices over last 6 months 2. Slowdown in growth 3. GST impact 4. Inadequate private investment and distress in agriculture This is a pro Rural, pro Agriculture and pro Woman budget. While the middle class might be disappointed, we must accept the fact that we need to take care of the 90% of the population which lags behind. The fiscal deficit target has been eased at 3.3% of the gross domestic product to accommodate higher demand for expenditure against the earlier target of 3%. While this might disappoint many, one needs to understand that the higher target is set in a country which has introduced bank re-capitalization,

This budget recognised that demonetisation had brought some hardship to people. So it tried to mitigate that as much as possible, with some rural schemes and reduction in taxation for low income people. Judging a budget almost eventually always comes down to personal views and opinions based on how the budget impacts that person. Having said that, I feel this was a good budget which has addressed a portion of the general populous which has been overlooked for a few years now, i.e. the rural class. The Budget offered thrust to core areas (agriculture, infrastructure, the financial sector, and so on) and fiscal prudence. The commitment to maintain fiscal discipline while continuing with rural and infrastructure spending is a positive outcome. Government pegs fiscal deficit target at 3.2 per cent for 2017-18 While 2017’s budget touched on many areas, there were Four Key Themes : The focus is on ease

What is Insolvency and Bankruptcy? Are they different? Insolvency is when an individual or a firm is unable to meet their financial obligations. This is the financial state of the company. Bankruptcy is the legal process that serves the purpose of resolving the issue of insolvency. This is the legal state of the company What is the need for the Act in India? Under the existing archaic-old laws, banks have had a hard time recovering bad debt, with the case of Kingfisher tycoon Vijay Mallya, who owes banks more than US$1.3 billion bringing the issue into focus. In fact, there was no single law dealing with insolvency and bankruptcy in India which leads to overlapping judgements and process becomes extremely cumbersome. Provisions of insolvency and bankruptcy related can found under various Acts: o   The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 o    Presidency Towns Insolvency Act, 1909 o    The Provin

The next Evolution in HR Technology will be far more rebellious than the milder revolutions in the previous historical periods. No new technology since the dawn of the internet has captured the imagination like Blockchain and Chatbots. Imagine your TA team asks SIRI to find the next applicant for a certain role or ability of SIRI to do a compensation analysis based on your voice commands. Imagine you know for sure that each and every word written in a person’s resume is 100% correct and it’s next to impossible to counterfeit Resumes. Things are indeed moving ahead towards these directions. In fact, Recruit Technologies and Ascribe announced in April 2016, a strategic alliance to bring Blockchain Technology to the Human Resources industry to increase transparency and in turn address fraud in HR credentials. They are investigating the possibilities and practical uses of how Blockchain Technology can be applied to the human resources sector; they will begin by developing a