A whopping 62% of the companies say employee well-being – including financial well-being and wealth creation – is the top consideration in their HR strategy for the year, according to The Future of Pay in India 2024 research released today by ADP. Financial well-being refers to an individual’s overall financial health and stability. “Companies now recognise they must prioritise their employees’ financial well-being to create a motivated workforce and boost productivity, employee retention and satisfaction,” said Rahul Goyal, Managing Director of India and Southeast Asia at ADP. “For most employees, pay is the foundation of their financial wellness and wealth creation. It provides valuable insights into the evolving pay and HR practices in India for mid and large-sized organisations in their growth journey.

Source: Economic Times February 23, 2024 05:56 UTC