Human Capital Consulting
Watson Wyatt combines human capital and financial
expertise to deliver business solutions that drive shareholder
value
The Watson Wyatt approach
Organizations create a sustainable business edge for themselves only
by implementing the right mix of Strategy, People practices and Business
processes. It is therefore critical for organizations to ensure that their
people management complements their Strategy and Processes.
Financially successful organizations go beyond traditional Human Resources
activities and focus on crafting a strong human capital strategy that
allows for direct connections between people management activities and
the company's bottom line.
At Watson Wyatt we focus on helping clients build high-performing organizations
by working with them to clarify, align and implement HR and business strategies.
Our Human Capital Group consulting in India includes HR strategy formulation
and alignment, Organisation design, HR systems and process development,
staffing reviews and other analyses to help clients map their organization's
human capital strategies to key business goals. Our team provides deep
expertise in the transformation, reorganization and development of the
HR function itself, including shared services, organizational design,
HR and business strategy alignment and HR staffing models.
We are aided in this by our unparalleled research, which allows us to
maintain a contemporary edge on various issues in the area of people management
and provide practical, fact-based recommendations. Our Human Capital Index™,
a proprietary tool for demonstrating the relationship between an organization's
human capital practices and the creation of superior value is a key example
of this.
Often, significant events such as mergers, transformation initiatives
or downsizing efforts, impact on the organization’s culture, resource
allocation, job roles and responsibilities. In these situations, we assist
clients to facilitate structural and technical changes in addition to
addressing their resourcing issues.
Some of the major areas where we can assist you on HR related issues
are:
Human Capital Strategy
Human Capital Measurement
Strategic Rewards
Talent Management
Executive Compensation
Mergers and Acquisitions
Startup Consulting
Data Services
Human Capital Strategy
- HR strategy design
- HR systems/process audit
- Workforce planning
We help clients with their strategy clarification and ensure that there
is alignment between their HR and organisation strategies. Using a variety
of diagnostic tools, we help organisations assess their current HR structure
to reduce costs and increase performance by improving processes and leveraging
technology.
We assist clients in organisational redesign for maximum effectiveness.
This includes the design of job/role profiles, job evaluation/classification,
and key performance indicators.
Human Capital Measurement
- HR effectiveness
- Employee research and engagement
Our consultants help clients link people measures to improved business
results through world-class research and consulting expertise, state-of-the-art
technologies and unparalleled databases on employee attitudes. We specialise
in employee surveys, retention analysis, service quality evaluation and
cultural assessment.
Strategic Rewards
- Base pay/benefit plan design
- Incentive design
- Pay for competence
- Flexible benefits
- Job levelling
We have extensive expertise in the area of rewards consulting, including
reward strategy development, pay structure development, incentive design,
benefits plan design, pay for performance, sales compensation and job
evaluation systems. We also work with clients to design innovative solutions
for expatriate executives.
Talent Management
- Value driver competencies
- Leadership alignment and training
- Performance management
- Team building
- Assessment
Our services are designed to help clients attract and retain the best
talent while optimising the cost of human capital. Using targeted research
and diagnostic tools, we help clients analyse and understand the current
state of their workforce and create and implement solutions that link
directly to their company's business objectives.
We provide tools and methodologies for competency modelling, performance
management systems, and design and implement assessment and development
centres for talent selection and development, succession planning and
leadership coaching.
Mergers and acquisitions
We help you maximize M&A deal value by combining human capital and financial expertise.
- Due Diligence: Assess potential partners/target human capital capabilities, culture and liabilities
- Integration and Change Management: Develop integration plans, employee communication strategy and facilitate HR integration through retention of key talent, management of compensation and benefits, people policies, culture and change using Watson Wyatt tools and processes
- Enterprise - wide M&A project management: Collaborative approach to work closely with the organization throughout the project life to create customized solutions that allow change to occur seamlessly from vision to implementation
Startup Consulting
Watson Wyatt India provides end to end solution to companies looking
at setting up their operations in India. We have assisted over thirty
startups in the IT/ITES/BPO & Pharma sectors
Data Services
We conduct industry specific surveys on compensation, benefits and employment
terms. Our current database allows us to help our clients in making effective
employee compensation related decisions. Based on broad and industry specific
surveys across regions, we produce high quality, user-friendly reports
to assist in business decision making pertaining to human resource issues.
Our global survey databases enable us to provide accurate market remuneration
information across global and industry sectors.
|
