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