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I hope that all of you and your families are keeping safe and healthy!!
Welcome to our February newsletter. As 2022 begins, the world is busy fighting with another variant of COVID-19, ‘Omicron’ which while believed to be highly infectious may not be as fatal as the ‘Delta’ version. Different parts of the world are reacting differently to the virus. We hope we will sail through the pandemic successfully and would rise again as the fastest growing economy globally.
As per the recent World Economic Forum Global Risks Perception Survey 2021-2022, the top 3 severe risks on a global scale over the next 10 years are climate action failure, extreme weather and biodiversity loss. World Economic Forum in collaboration with Marsh McLennan published The Global Risks Report 2022, 17th Edition. This year the Global Risks Report draws on the views of over 12,000 country-level leaders who identified critical short-term risks to their 124 countries, gathered through the World Economic Forum’s Executive Opinion Survey.
On another note, India will now be privy to Union Budget 2022-23. Despite adverse impact to economy due to the pandemic, India Inc. have their hopes high with the upcoming budget and expect the government to announce measures to accelerate economic recovery with focus on demand generation, job creation and improving the digital infrastructure across the country. This would be a much needed booster dose to accelerate India’s growth story.
We hope you will find the newsletter enriching. Do share your comments, views at mercerindia@mercer.com we would love to hear from you.
Until next time, stay healthy and keep thriving!
Sanil Nair
Senior Consultant- Wealth
Mercer India
Perspective from Jaya Singh and Mansee Singhal on Global Mobility and how India is preparing for a 'new normal’ with opportunities arising as it is recognized as an attractive destination to do business. In the coming years it’s expected to see an increase in inbound and outbound as well as domestic mobility, embracing the changing definition of work, workplace and workforce.
Successful diversity strategy and tactics in the workplace are critical to every business, examining the changes, dynamics and progress in your workforce composition will show results over time. Take this brief survey designed to assess your company's approach to diversity, equity and inclusion (DEI). Use your results to identify opportunity areas and next steps.
Now more than ever, there is a real case for India being one of the world’s key manufacturing hubs! But, the key will be in understanding the nuances of building an agile workforce and customizing pay and benefits that not only meet statutory requirements but also provide opportunities for employee growth, progression and engagement. Shalini Sharma and Mansee Singhal share insights on the emerging trends and impact on rewards.
Find out what 10,910 voices had to share. Discover how organizations are taking advantage of the opportunity to redesign work, working and the workplace. Pre-register to ensure you don’t miss out Mercer’s Global Talent Trends 2022.
In the changing world of work, the challenge for HR is how to attract the best talent and what are the implications for pay strategies. Mercer’s Total Remuneration Survey (TRS) helps optimize your organization’s compensation strategy while assuring internal equity and external competitiveness within your industry.
Cultural transformation is the most critical factor for organizations that want to be future-ready. It’s a journey that will drive engagement, productivity and retention. Read Mercer’s latest point of view on how there is no transformation without culture.
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