Mumbai – Feb 26, 2019 – The third edition of JobBuzz Compensation & Benefits Conclave 2019 was held in Mumbai on 8th Feb. At the Conclave, a majority of HR personnel agreed that Artificial Intelligence (AI) is the next big thing in leveraging the true potential of organisational benefits for employees. With AI already guiding the role and scope of most job functions, this conclusion by the HR experts is an indication that new-age technologies are now influencing corporate decision making as well.
JobBuzz is India’s leading employer rating platform where employees post their workplace and job-related experiences with present and past employers. The reviews posted on JobBuzz are hence a reflection of what employees like or despise at their workplaces. JobBuzz annually organises its flagship event – JobBuzz Compensation & Benefits Conclave – in a bid to bring together HR heads, Compensation & Benefits leaders from India Inc. to discuss the trends, challenges and solutions in the said domain.
JobBuzz Compensation & Benefits Conclave 2019 edition brought together top executives, HR leaders, C&B managers, HR consultants, researchers and HR thought leaders in Mumbai to decode the new-age practices in the Compensation & Benefits space. The daylong event was graced by advertising guru Prahlad Kakar whose keynote on ‘Money doesn’t buy loyalty’ set the tone for the Conclave. This was followed by the unveiling of the fourth reprint of HR veteran and author Aparna Sharma’s much acclaimed book ‘HR Reality Bytes – The Role of HR in Today’s World’. She also convened a master class on ‘HR and Benefits professionals are torn between competing priorities’.
The day saw HR leaders from India’s top companies such as Adani Electricity, RBL Bank, Equifax, ISS Facility Services, Schneider Electric, Kotak Mahindra Bank Ltd, Verizon India, DHL, Siemens, Marsh India, Infogain, Crompton, EXL, Cipla, ICICI Bank, Allsec Technologies, KPMG, Kurl-On, General Motors, Cybage Software, Tradebulls Securities Pvt. Ltd brainstormed best C&B practices for multi-generational workforce and the future roadmap for millennials.
Additionally, there was one more master class by OC Tanner on ‘Engaging a multi-generational workforce through Recognition and Rewards’. HDFC Bank presented a study on ‘Digital excellence in banking’ and ALD Automotive presented their thoughts on ‘ALD automotive novated lease’. The highlight of the day was an eye opening session by Mumbai Dabbawala Dr. Pawan Agrawal who gave details of how the world acclaimed Dabbawalas operate with ‘99% efficiency’. On a lighter note, RJ Manish Azad regaled the audience with his one-liners on salary and employee benefits.
Sharing his insights on the occasion, Sanjay Goyal, VP at Times Internet Ltd and Head of Product and Technology – TimesJobs & JobBuzz said, “The idea behind organising JobBuzz Compensation & Benefits Conclave is to bring together India’s brightest minds and rake a thoughtful debate on the trends impacting this space. Most debates here noted that advanced technologies now guide the HR managers. I feel that AI-based systems will be able to take best decisions when they can capture relevant data points. Also these system should be able to pick up information on the relevance and usefulness of the customised Compensation & Benefits plans offered to the employees.”
The day witnessed a special breakout session on ‘Why HR needs to go paperless’ involving the participation of distinguished HR professionals from Siyaram, Edelweiss, Patel Group, Action Financial Services India Ltd., Emkay Global Financial Services Limited, Polycab Wires Pvt. Ltd., DHFL, International Asset Reconstruction Co. Pvt. Ltd., Suryoday Bank, Coverfox, 63 Moons Technologies Limited and Rohlig India Pvt. Ltd.
JobBuzz is an employer rating and review platform from TimesJobs. It is an employee-to-employee community which helps job seekers make informed career decisions. Empowered by the collective intelligence of a group of actual users, JobBuzz ensures that aggregated information about career decisions is helpful to all users.