Aditya Birla Group
A global conglomerate, the Aditya Birla Group is in the League of Fortune 500
A force of over 140,000+ employees of 100 nation
4th in the world and 1st in Asia Pacific in the 'Top Companies for Leaders' study 2011 (conducted by Aon Hewitt, Fortune Magazine and RBL)
Topped the Nielsen's Corporate Image Monitor 2014-15 and emerged as the number one corporate (Best in Class) for the 3rd consecutive year
VISION
To be recognized amongst the leading organizations in implementing effective Rewards and Benefits programs across the world in each of our Businesse
Effective Computation program
Annual Compensation Review is a process that is standardized with defined internal governance ensuring fairness, equity, and parity across the group
'performance continuum' to 'pay continuum' which implies that a consistent top performer is positioned at the higher side of the pay range for a particular level
Sector Benchmarking ensures that rewards are sector and geography driven, through specific market benchmarking studies being conducted once in 2 years
Peer Benchmarking facilitates benchmarking similar skill sets across sectors or functions to ensure parity and consistency
Compensation Budgeting facilitates defining of annual compensation budgets, after planning for manpower, market movement on salaries, business growth, attrition analysis, among others
Analytics such as compensation cost ratios and Rol on employment costs at business and Group level ensure competitiveness and affordability by aligning costs to business results. Sector peer group analysis on economic parameters provides insights on sector competitiveness and sets ideal ratio for the business
Incentive plans
Variable Pay is a sector-aligned team incentive that is integrated with elements of individual performance
Long Term Incentive Plan Incentive Plan enables building of strategic alignments between business growth and individual rewardsA
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