IT is Shipping Up

Job prospects in the IT industry brighten, as companies embark on the road to recovery. Let’s hear what our experts say

Many organisations today are focusing on offering employment benefits and altering the compensation structure instead of doling out extravagant pay packets. “These employment benefits and compensation structures are undergoing close scrutiny and possible restructuring. However, all benefits are now restricted to a level that an employee absolutely needs to perform his/her work effectively and efficiently. The compensation structure is also getting rationalised to ensure there is an ideal balance between the needs of the employee (cash-in-hand, direct benefits) and the needs of the organisation (quality of work, delivery timelines, revenues and profits). To achieve this, the need of the hour is to align the compensation and benefits to match the individual and organisational performance; instead of scrapping schemes like stock options, incentives and bonus, these should be linked to the employee and the organisational performance collectively,” says Partha Patnaik, General Manager – Human Resource & Admin, Four Soft Ltd.