On the 9th of May 2024, the Indo-German Chamber of Commerce organized a gathering of HR leaders at Pune. Collaborating with our esteemed knowledge partners for this occasion, ADP India, Khaitan & Co and Mercer India, we delved into crucial topics - Compliance, Trends & Rewards, and Payroll.
Over 100+ HR Professionals / Senior Leaders from diverse sectors graced the event, witnessing insightful discussions on:
- Legal implications and social security considerations surrounding the engagement of foreign nationals by Indian entities.
- The significance of payroll, spanning benefits, compliance, strategic transformation, the future of pay and prevailing business challenges.
- Current trends in talent and rewards, shaping the contemporary workforce - How can organizations adapt to changing expectations and embrace transformation within today's agile environment.
The event commenced with opening remarks by Kalpesh Saraf, Western Region Director, IGCC, and inviting Nivedita Balgi, Director – Talent &Transformation, Mercer and Junaid Sheikh, Director - Auto, Manufacturing and Engineering Sector Leader, Mercer. The speakers gave an insightful session on Accelerating Transformations which focused on addressing various people-related challenges within organizations. They emphasized designing the workforce for the future, attracting and retaining talent, and delivering a compelling employee experience. Key topics included workforce structuring, performance management, compensation, benefits, and flexible working. They also highlighted the importance of an Employer Value Proposition (EVP), career architecture, and career pathing. The session also touch upon fostering a culture of diversity, equity, and inclusion (DEI) through data analysis, pay equity assessments, and inclusive strategies to ensure employees feel respected and valued within the organization.
The event progressed into a second session and presentation by Anshul Prakash, Partner, Khaitan & Co. unveiling India's Employment Law Terrain, the session offered a concise overview of cross-border hiring benefits and challenges. It navigated through the legal, regulatory, and HR intricacies involved, presenting options like direct employment and consultancy arrangements. Highlighting EPF contributions for foreign nationals and incentives under the Indian Companies Act 2013, it emphasized compliance and employee welfare. Recognizing both the opportunities and challenges inherent in cross-border hiring, it emphasizes the critical role of strategic planning in successful cross-border hiring.
The concluding session for the evening was presented by Rahul Goyal, GM India & South East Asia, ADP India and Kavitha Rajan, VP India & South Asia, ADP India, they gave insightful information by delving into the significance of Purpose Built Payroll and its direct link to business success. They highlighted the components of effective payroll management and its relevance in addressing future business challenges. Speakers talked about prioritizing employee well-being and compensation policies while ensuring process efficiency and embracing transparency in policies, pay structures, and taxation to promote financial wellness and compliance. They also navigated through the digital landscape, highlighting data security concerns and strategic transformation steps aligned with Digital India's objectives. The session concluded with insights on Gen AI's role and essential safeguards for deploying digital transformation strategies effectively.
IGCC expressed heartfelt gratitude to all our knowledge partners and speakers for enriching the event with their expertise. Furthermore, we express our appreciation to the entire ecosystem for its enthusiastic and positive response.
As a token of appreciation—a certificate with a QR code was given to the partners and speakers. Upon scanning the code, recipients received a picture of a plant planted on their behalf, named after them, as a small effort to contribute towards a greener planet.
