Tuesday, 17 July 2007

Why Compensation ?

Hi,

The first question most of my friends ask me is " Why out of this whole gamut of professions you chose Human Resources and within that Compensation & Benefits..............."

Staright answer: I like listening & talking to people, understanding them. Not just their "external-self" but the internal being. My interest lies in understading "What they are" instead of "What they project they are". I really love this. Whenever we meet people - at office,home,on the road,in the lift,in the bus,taxi,in a plane etc. there are lot of indications beyond words that reflect their persona.

Understanding that "real persona" quickly and translating that understanding into a useful input is what I love. And for putting my this habbit into practise the best career option was Human Resources.

OK..now WHY COMP ?? Organisations today are striving towards offering TOTAL REWARDS* package as best value prepostion for attracting & retaining employees.
(*Total rewards is a mix of comp, benefits, performance management, career path and work-life balance & work culture being offered as a bundle by few employers today)

Among the total rewards compensation has a lion's share. Work Culture,Career path, Work-life balance etc. are VERY important for employees but the closest to most of them is compensation. Most of the discussions boils down to compensation : What are you paid? Something which is closest to every employees heart, something which is very critical to the organisation, something which reveals the real self - compensation was natural choice to me.

Beyond this, I love number crunching. I can play with numbers on MS Excel for nights. The objective make some sense out of those that can be used for some meaningful discussions/descison making.

There a lot a discussion platforms for "comp geeks" (like me:-) but the best I assume is www.worldatwork.org . Earlier known as American Compensation association, World at Work offers the best knowledge platform for people like me. I am really impressed by their paper on Total Rewards which talks about the TR in detail.

1 comment:

Lost in transition said...

The second paragraph about understanding "Inner self" is beautifully written.. as individuals are very complex and this is what makes HR more challenging. It takes HR to a different level!