Turmoil in financial markets holds wide-ranging implications for employers and their workers. Recent Watson Wyatt analysis and research discusses the impact of the current market conditions.
While most Indian companies are taking
measures to control costs in the short term, they are still focused on
future growth. More than 30 percent are considering or undertaking acquisitions
and 42 percent report they are not altering their long-term domestic growth
plans.
The significance of long term employee benefit provision for both employees
and companies increases as the population ages, the nature of the family
structure changes and a heightened need for such information in corporate
governance.
With the Asia Pacific economy still growing above the world average, the issue that keeps most HR Directors and CFO’s awake at night is: "how do we keep our people"?
Employers in Asia-Pacific are taking short-term steps to control costs in light of the financial crisis. Watson Wyatt’s Bob Charles discusses the importance of communicating the long-term strategy to employees.
