Hewitt Associates - Human Resource Management

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Hewitt Associates - Human Resource Management

  1. 3. We are…..
  2. 4. To make the world a better place to work
  3. 11. Joining the Hewitt world Compensation design Work-Life balance Health and well-being Financial security While at work While travelling While re-locating While separating CNS Programs
  4. 12. <ul><ul><ul><li>After that they are confirmed as permanent associates. </li></ul></ul></ul><ul><ul><ul><li>Confirmation is subject to satisfactory performance. </li></ul></ul></ul><ul><ul><ul><li>All new associates serve a probationary period of three months. </li></ul></ul></ul><ul><ul><ul><li>Probationary Period </li></ul></ul></ul>
  5. 13. Joining the Hewitt world Compensation design Work-Life balance Health and well-being Financial security While at work While travelling While re-locating While separating CNS Programs
  6. 14. <ul><ul><ul><li>All components are uniform across the firm </li></ul></ul></ul><ul><ul><ul><li>Base salary - 40% of fixed pay. </li></ul></ul></ul><ul><ul><ul><li>Three broad heads –fixed compensation, benefits and variable pay </li></ul></ul></ul><ul><ul><ul><li>Total Fixed Compensation </li></ul></ul></ul><ul><ul><ul><li>Company contribution to PF (@12% of basic salary) </li></ul></ul></ul>Flexible compensation – HRA, Conveyance fixed, Medical Allowance, LTA, Hard Furnishings Program, Professional Development, Supplementary Allowance
  7. 15. <ul><ul><ul><li>8 Hewitt Holidays </li></ul></ul></ul>BlackBerry handset (as per band) Annual leave entitlement of 33 calendar days <ul><ul><ul><li>Benefits </li></ul></ul></ul>Medical Insurance Annual Executive Health Check Accident Insurance Cell phone reimbursement for all official purposes
  8. 16. Based on individual, Practice, and Market performance Credit card Announced at the beginning of the fiscal Fitness Allowance, Lunch Determined by overall performance of CNS in market Car purchase assistance (as per band), Relocation assistance Life Insurance, Gratuity <ul><ul><ul><li>Variable pay/Annual incentive plan </li></ul></ul></ul>
  9. 17. Realtor fee @ 1 months rent shall be borne once in two years Upto 50% of basic salary Minimum lease period is 11 months Rent receipts to be furnished to claim tax exemptions Self-lease by associate allowed but no realtor fee is paid in such a case Band IV upwards can take houses with lease rentals upto 100% of base salary <ul><ul><ul><li>Housing - HRA </li></ul></ul></ul><ul><ul><ul><li>Housing - CLA </li></ul></ul></ul>
  10. 18. Expenses incurred on spectacles/ contact lens are reimbursable Dental/ eye care expenses are reimbursable Coverage extended to self, spouse, dependent children and dependent parents Claim only against bills <ul><ul><ul><li>Conveyance – INR 2,500 p.m. </li></ul></ul></ul><ul><ul><ul><li>Medical Allowance – INR 25,000 p.m. </li></ul></ul></ul>Premium towards hospitalization coverage for dependent parents can be included as Outpatient Medical Allowance
  11. 19. Claim for self, spouse, dependent children & parents “ Carry over” provision : one non performed Journey only can be carried over in the first calendar year of the New Block. For domestic travel only Tax benefit for LTA for ONE Journey in Two years or TWO Journeys in a Block of 4 years <ul><ul><ul><li>LTA </li></ul></ul></ul>Applicable to Band IV who stay in company leased accommodation; Entitlement -25% of flexible compensation <ul><ul><ul><li>Hard furnishing program </li></ul></ul></ul>
  12. 20. Joining the Hewitt world Compensation design Work-Life balance Health and well-being Financial security While at work While travelling While re-locating While separating CNS Programs
  13. 21. <ul><li>Accumulated upto a maximum of 60 days </li></ul>Encashed leave is taxable 33 calendar days leave in a year inclusive of casual, sick and privilege leave s <ul><ul><ul><li>Leave </li></ul></ul></ul>Accrued but un-availed leaved upto a maximum of 60 days can be encashed only at time of separation paid on basis of TFP – PF, along with full and final settlement Entitled to leave only after 3 months of joining the firm Maternity Leave of 90 days; Paternity Leave of 2 days Leave plans must be discussed with manager at the beginning of the year
  14. 22. <ul><ul><ul><li>Working hours </li></ul></ul></ul><ul><ul><ul><li>9:00 am to 5:30 pm; Monday through Friday </li></ul></ul></ul><ul><ul><ul><li>Public holidays </li></ul></ul></ul><ul><ul><ul><li>8 holidays, chosen from Govt. Gazette; circulated at the beginning of the year </li></ul></ul></ul>
  15. 23. Joining the Hewitt world Compensation design Work-Life balance Health and well-being Financial security While at work While travelling While re-locating While separating CNS Programs
  16. 24. <ul><li>Covers legally married spouse, dependent children and dependent parents/in laws of the Associate </li></ul>In case you do not have a card, a cashless form is available at the hospital; for any issues faced contact HR Insurer : National Insurance Company for Hewitt Associates (I) Ltd. <ul><ul><ul><li>MEDICAL INSURANCE </li></ul></ul></ul>Cashless transfer (for cardholders) Coverage across Bands is INR 1,50,000 for single associates; INR 300,000 for Associate plus family Non approved hospitals – criteria need to be fulfilled and claim has to be filed with required documentation Ambulance facility is covered under the policy
  17. 25. <ul><li>In case of any claim, contact HR </li></ul>Group life insurance policy <ul><ul><ul><li>Tata AIG Insurance – Life Insurance </li></ul></ul></ul>Coverage amount varies by Band (based on occupational category )
  18. 26. <ul><li>For claims, attach original bills along with reimbursement form and submit to Finance </li></ul><ul><li>Reimbursement up to a maximum of INR 6000 annually. This can be availed as per needs either in individual blocks or in one-go; no cash out option. </li></ul><ul><li>This includes: </li></ul><ul><ul><li>Membership to a fitness club/sports activities/swimming </li></ul></ul><ul><ul><li>Fees for personal fitness instructors </li></ul></ul><ul><ul><li>Health foods/drinks </li></ul></ul><ul><ul><li>Fitness equipment </li></ul></ul><ul><ul><ul><li>Staying Fit Allowance </li></ul></ul></ul>
  19. 27. Joining the Hewitt world Compensation design Work-Life balance Health and well-being Financial security While at work While travelling While re-locating While separating CNS Programs
  20. 28. <ul><ul><ul><li>Provident fund </li></ul></ul></ul><ul><li>Contribution at 12% by both employer and associate; associate can increase his/ her contribution if desired, up to 100% of base salary </li></ul><ul><li>Accumulated to the associate’s credit can be claimed in lump sum or Transferred to a recognized PF trust in case associate is joining another organization </li></ul>
  21. 29. <ul><ul><ul><li>Gratuity </li></ul></ul></ul>Entitled to gratuity on retirement; resignation or termination @15 days salary for every year of service rendered Payable after a minimum of 5 years continuous service in organization Withheld in case associate is dismissed for fraud; grave misconduct
  22. 30. Joining the Hewitt world Compensation design Work-Life balance Health and well-being Financial security While at work While travelling While re-locating While separating CNS Programs
  23. 31. <ul><ul><ul><li>Employee referral programme </li></ul></ul></ul>Re-iterates our employer brand Award given for every successful referral (i.e. is employed with Hewitt as a full-time associate for a minimum period of 3 months Reward amount varies from INR 12,500 to INR 35,000 depending on referred position
  24. 32. <ul><ul><ul><li>CNS open house </li></ul></ul></ul><ul><li>Planned quarterly session for : </li></ul><ul><li>Business Leaders to share overall Market and Practice strategies for fiscal, key plans for year, current level of achievement </li></ul><ul><li>Making announcements which concern all associates </li></ul><ul><li>Respond to queries, suggestions or concerns that any associate my have sent to them via Open House box or e mail </li></ul>Opportunity to interact with one another and business leaders Associate “town hall” for Consulting Segment Associates
  25. 33. Joining the Hewitt world Compensation design Work-Life balance Health and well-being Financial security While at work While travelling While re-locating While separating CNS Programs
  26. 34. <ul><ul><ul><li>Mobile Phone Partners </li></ul></ul></ul><ul><ul><ul><li>Airtel 444 Voice Plan (recommended) or any other plan of choice, with usage as per the limits below: </li></ul></ul></ul><ul><ul><ul><li>Band 4: INR 1500 </li></ul></ul></ul><ul><ul><ul><li>Band 510:INR 2000 </li></ul></ul></ul><ul><ul><ul><li>Band 520:INR 2500 </li></ul></ul></ul><ul><ul><ul><li>Band 530: INR 3500 </li></ul></ul></ul><ul><ul><ul><li>Associates at Band 520 and above have a BlackBerry </li></ul></ul></ul><ul><ul><ul><li>Corporate tie up with Airtel </li></ul></ul></ul>
  27. 35. <ul><ul><ul><li>Credit cards </li></ul></ul></ul><ul><ul><ul><li>Band IV and above : Two corporate credit cards for official purposes only </li></ul></ul></ul><ul><ul><ul><li>Band III and below : Depending on nature of work </li></ul></ul></ul>
  28. 36. <ul><ul><ul><li>Food </li></ul></ul></ul><ul><ul><ul><li>Free catered lunch at cafeteria </li></ul></ul></ul><ul><ul><ul><li>If working beyond 8 pm on a working day; associates should use cafeteria facility if open </li></ul></ul></ul><ul><ul><ul><li>Free catered lunch at cafeteria </li></ul></ul></ul><ul><ul><ul><li>Reimbursement of INR 100-200 for an associate working at a location where cafeteria facility is not available/ closed for a period of 4-8 hours </li></ul></ul></ul>
  29. 37. <ul><ul><ul><li>Corporate guidelines </li></ul></ul></ul><ul><ul><ul><li>Non-discrimination; zero harassment; </li></ul></ul></ul><ul><ul><ul><li>Drug free workplace </li></ul></ul></ul><ul><ul><ul><li>Approval by Practice Leader/manager </li></ul></ul></ul><ul><ul><ul><li>Smoke free environment </li></ul></ul></ul><ul><ul><ul><li>Confidentiality of client information and Hewitt Associates </li></ul></ul></ul><ul><ul><ul><li>Gifts/ Entertainment </li></ul></ul></ul>
  30. 38. Joining the Hewitt world Compensation design Work-Life balance Health and well-being Financial security While travelling While at work While re-locating While separating CNS Programs
  31. 39. <ul><ul><ul><li>Late travel </li></ul></ul></ul><ul><ul><ul><li>Designated taxi service if associates need to work in office beyond 8 pm </li></ul></ul></ul><ul><ul><ul><li>Working on weekends for a “substantial” period of time </li></ul></ul></ul><ul><ul><ul><li>Approval by Practice Leader/manager </li></ul></ul></ul>
  32. 40. Joining the Hewitt world Compensation design Work-Life balance Health and well-being Financial security While at work While travelling While re-locating While separating CNS Programs
  33. 41. <ul><ul><ul><li>Relocation on Joining/Transfer </li></ul></ul></ul><ul><ul><ul><li>Associates and his/ her spouse can travel to the new location for identifying accommodation, arranging school admissions </li></ul></ul></ul><ul><ul><ul><li>All expenses towards travel and stay for one trip not exceeding a period of seven days will be borne by the firm </li></ul></ul></ul><ul><ul><ul><li>workplace </li></ul></ul></ul><ul><ul><ul><li>Packing/ unpacking, transportation and insurance of household goods through company designated agency </li></ul></ul></ul><ul><ul><ul><li>Assistance to associates provided by Administration in the form of broker contracts and standard lease agreements </li></ul></ul></ul>
  34. 42. Joining the Hewitt world Compensation design Work-Life balance Health and well-being Financial security While at work While travelling While re-locating While separating CNS Programs
  35. 43. <ul><ul><ul><li>Retirement </li></ul></ul></ul><ul><ul><ul><li>Last day of the month of his/ her 60th birthday </li></ul></ul></ul><ul><ul><ul><li>PF and gratuity benefits </li></ul></ul></ul>
  36. 44. <ul><ul><ul><li>Termination of employment </li></ul></ul></ul><ul><ul><ul><li>Three months written notice period required. Notice pay computed on basis of Total Fixed Pay excluding Provident Fund contribution of the associate </li></ul></ul></ul><ul><li>Employment may be terminated without notice or pay in lieu of notice due to serious breach in labor discipline: </li></ul><ul><ul><ul><li>Excessive absenteeism </li></ul></ul></ul><ul><ul><ul><li>Gross misconduct </li></ul></ul></ul><ul><ul><ul><li>Misrepresentation of the firm </li></ul></ul></ul>
  37. 47. Years of service/tenure, which “batch” I am from, etc are not factors which are considered There is no fixed “number of years that I will spend at each level before I move”
  38. 49. Band 8 7 6 5 4 3 Leader Path Generalist Path Team Member Management Trainee Project Leads Module Leads Practice Leads Market Leads Generalist : Expertise in one or more content areas with an integrated perspective that is focused on designing broad solutions and strategies Leader/Manager : Grounded in one or more content areas and responsible for managing people, a geography, or part of the consulting business Specialist : Deep content knowledge & expertise in one or two key content areas Specialist Path
  39. 53. <ul><ul><li>Associate Development Passports - “Visas” indicate development journey </li></ul></ul>
  40. 57. ENSURING DIVERSITY ENSURING DIVERSITY Performance goals to be in line with business priorities - performance plan Determine and document development goals – Development Planning Receive and deliver relevant, actionable feedback, ask questions, respond and follow-up - Ongoing coaching / Feedback 360 degrees performance assessment of results vs. goals – Performance assessment Explains how pay reflects Effectiveness in achieving Results – Pay and Recognition Is about long-term career “ Look Inwards, Outwards and Forward..” – Career Planning

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