Date:15/02/2005 URL: http://www.thehindubusinessline.com/2005/02/15/stories/2005021502141700.htm

Back `Monetary compensation not enough for employees'

Our Bureau

Bangalore , Feb. 14

"IT is still tough to get a good HR person as in the past 15 years the industry and economy has undergone a drastic change," according to Mr Raghuram Reddam, Director, HR, Motorola. He was speaking at an HR Conclave hosted by the Rai University, Bangalore Campus.He said that intangibles such as culture, innovation and spirit, when strengthened, can yield good results.

Mr Rajib Ghosh, Corporate HR Manager, Wipro, stressed on linking effective performance to rewards. "Compensation in terms of monetary rewards is not the only thing. Theories of constraints need to be understood, skills, competency or a mix of both needs to be identified. Balancing the three fundamental issues - the controllability problem, the alignment problem and the interdependency problem is an art that every HR person needs to play on." Mr Madan Padaki, CEO, Merit Trac, said, "There is lot more to BPO than call centres. Recruiting the right people is extremely important as there is a definitive requirement of top management or company commitment."