Category: Compensation and Rewards

RBI Guidelines on Bank CEO Compensation

RBI Guidelines for Bank CEO Compensation provides for clawback, and deferred payouts of variable pay. RBI, has announced a fresh set of guidelines for compensation of CEO’s, whole time directors (WTD’s) of Banks. These guidelines are based on a review of guidelines issued in 2012 (for implementation effective FY 12-13). They are also aligned with…

Juggling between budget, bell curve and people priorities: For functional leaders.

Every business is different, every individual is different. Give a thought to what can work in a particular case. Retaining and keeping your teams motivated is the key, and there has to be a way around. Think. #bellcurve #manpowerbudget #peopleprioritiesThese insights are primarily for the functional managers, and HOD’s. At times it’s difficult to find a…

Will your business benefit from a compensation benchmarking exercise ?

Compensation benchmarking, or salary surveys are exercises conducted to identify levels and boundaries related to pay grades for a set of positions. Ideally a benchmarking exercises should be undertaken keeping a sample of comparable companies in related business or businesses employing similar manpower. Ideally, the business size has to be near similar – but we…

Benchmarking compensation – Simple hack and no nonsense approach.

This approach to benchmarking compensation at your workplace can work across business and sectors, industry domains. If undertaken well, and with reasonable thought and effort the benchmark percentiles would be a good guide related to the identified jobs, industry and target companies. They can help in deciding or recommending your teams increments. The approach assumes…