COMPENSATION MANAGEMENT

Name : Varsha SharmaSpecialisation : HRM (Major)

Topic : UNIQUE PRACTICES OF TATA CONSULTANCY SERVICES (TCS)

Human Resources Services

Companies are looking to reinvent their HR practices to improve employee engagement and reduce operating costs. TCS Human Resource Services help companies reconfigure their HR processes, and run innovative employee engagement programs to reduce costs and improve motivation levels.

(1)Talent management(2) Resourcing(3) Workforce management (4) Payroll administration (5) Compensation and benefits management

TCS Human Resource Services offer the following benefits:

• Over 10% increase in employee satisfaction through better employee engagement initiatives

• Up to 75% reduction in process turnaround time through automation

• Over 25% improvement in productivity due to process standardization

Talent ManagementThey Offer:Effective talent management is an important activity within the ambit of workforce management. It includes training services covering registration and enrolment, reporting and analytics, and management of cancellations, vendor invoices and billing. We also provide new hire processing, exit administration, position management, leave management, and international assignment services.

Benefits:They help you achieve high agility and efficiency in your talent management processes. Key benefits include: 25% reduction in training operating costs 50% improvement in workforce productivity Over 40% faster processing cycle time

Resourcing ServicesThey Offer :

(i) Job publishing(ii) Candidate screening(iii) Interview scheduling(iv) On-boarding administration(v) Vendor management

Benefits:TCS’ Resourcing Services help enterprises gain the following benefits: Faster employee on-boarding achieved through reduction in

recruitment turnaround time Higher efficiencies in recruitment processes leading to optimized

operational costs

Payroll AdministrationThey Offer :

Build to gross or gross to net, or off-cycle payroll Reconciliation Payroll audit and compliance Pay disbursements or pay slip delivery Garnishments or court order

Benefits :

- 100% increase in payroll accuracy, through process standardization- Up to 76% reduction in manual efforts pertaining to payroll processes- Over 60% increase in organizational productivity through task automation- Over 30% savings on operational expenditure relating to initial lift and shift.

THANK YOU !!!