Nasscom, Hewitt study HR practices in IT

BANGALORE: Nasscom and Hewitt Associates, a global HR outsourcing and consulting firm, have partnered to conduct a comprehensive survey of Compensation and Benefits trends for the Indian IT and IT Enabled Services (IT/ITES) industry.

The study titled Total Rewards Management 2003 will provide detailed information on compensation, benefits and people practices exercised by Indian companies. The study is a broad-based initiative, which will survey over 250 IT/ITES companies across India and will be released in June 2003.






The Nasscom-Hewitt compensation benchmark study will cover aspects of compensation, benefits and people practices.

Speaking on the objectives of the study, Kiran Karnik, President, NASSCOM, said, "The Indian IT and ITES industry is highly people intensive and the salary cost in many cases is more than 40% of total revenues. It is therefore essential that companies devise the right compensation and rewards mix in order to attract and retain talent. Through this year s study we are also, for the first time, aiming to establish benchmarking for Indian IT and ITES companies based on their compensation and people practices. "





The inaugural study conducted last year unearthed some key trends and insights related to the IT/ITES sector in India, said Nishchae Suri, Measurement Practice leader, Hewitt Associates in South and West Asia.