Tamil Nadu Chapter Session: Evaluation, Performance and Compensation

American Chamber of Commerce in India
Apex Chamber of U.S. Industry in India

Tamil Nadu Chapter Session: Evaluation, Performance and Compensation– 22th September 2022

The Tamil Nadu Chapter of AMCHAM held a session on September 22nd with EY. Mr. Ashwin Ravindranath, Senior Partner, EY welcomed members and after the introductions, Mr. Aman Shashank made a presentation on the topic ‘Evaluation, Performance and Compensation.’ The salient features of the presentation included, the new work dynamics — how employees prefer remote working arrangements and in-person time with their teams, only 1% of employees surveyed said that ‘leaders need to be flexible and embrace hybrid work,’ while 70% of employees surveyed wanted flexible remote options and two-thirds of employees want in-person time with their teams. It was mentioned that the truth of measuring performance is complex. A single metric rarely reflects all the nuances of an employee’s responsibilities and contributions — whether they are remote, in-person or hybrid.

The topic of rethinking performance was also discussed with a focus on 1) self – setting goals and meeting them, 2) team – partnering for effectiveness and 3) customers – translating work into its outcomes. While highlighting rethinking compensation structures, the biggest insight today is that employees are rethinking the “Is it worth it?” Organizations are restructuring compensation with a higher focus on benefits and allowances to make employees successful while working in a hybrid set up. Others topics included allowances to enable employees to build the right infrastructure to be successful while working remotely, comprehensive wellness allowances, increased paid time off, retention bonuses for stemming attrition and equity programs. In conclusion, Mr. Ashwin Ravindranath said it is challenging to be an employer and exciting to be an employee. He added that a crisis is an opportunity today as attrition helps clean out talent and it helps retain mission critical employees.

 

Membership

By joining AMCHAM India, you become part of an active and dynamic Apex Chamber of U.S. Industry in India with a membership base of more than 400 American companies in India. AMCHAM is an important voice for policy advocacy, a critical source for business intelligence, a vibrant platform for networking and expanding your business.

Western Region Committee Meeting

A meeting of AMCHAM’s Western Region Committee was held virtually on September 22nd under the leadership of Mr. Sarthak Ranade, Chairman – Western Region, AMCHAM and Managing Director – Janssen India, Johnson & Johnson and Mr. Shailendra Jagtap, Vice Chairman – Western Region, AMCHAM and Managing Director & CEO, John Deere India. The meeting commenced with brief opening remarks by Mr. Ambuj Saksaria, Regional Director – Western Region, AMCHAM who shared an overview of the past and forthcoming initiatives of the region. As part of the agenda, committee members ideated on the western region signature event, identifying speakers, focus areas and panel topics to make it a valuable interaction for all key stakeholders. Members also briefly discussed the way forward on future interactions with the region’s state governments.

Membership

By joining AMCHAM India, you become part of an active and dynamic Apex Chamber of U.S. Industry in India with a membership base of more than 400 American companies in India. AMCHAM is an important voice for policy advocacy, a critical source for business intelligence, a vibrant platform for networking and expanding your business.

Defense Committee Meeting

On September 21st, AMCHAM’s Defense Committee members convened for a meeting at the U.S. Embassy in New Delhi. The leadership, Mr. William L. Blair, Chairman – Defense Committee, AMCHAM and Vice President and Chief Executive, Lockheed Martin India, Mr. Ravi Nirgudkar, Co-Chairman – Defense Committee, AMCHAM and Managing Director India, Bangladesh, Sri Lanka, BAE Systems India Services (Pvt.) Limited, Mr. Surendra Ahuja, Co-Chairman – Defense Committee, AMCHAM and Managing Director, Boeing Defense India, along with the secretariat lead, Ms. Udaya Arun, Director – Aerospace & Defense, AMCHAM welcomed the Defense Attaché at the U.S. Embassy, RDML Michael Baker. Around 14 members joined the meeting. The committee was updated about the government roundtable that was planned earlier in the month with Defense Secretary, Dr. Ajay Kumar, as a follow on to the session with Additional Secretary, Sanjay Jaju last month.

CAPT Michael Farmer, Chief, Office of Defense Cooperation (ODC), U.S. Embassy and Mr. Nilesh Christian, Deputy Chief, Office of Defense Cooperation (ODC), U.S. Embassy also joined the deliberations. Ms. Arun opened up the discussions with a welcome to RDML Baker and took participants through the agenda for the meeting which included the re-scheduled DefExpo 2022 in the context of foreign participation. Members also shared their participation numbers of the rescheduled event and confirmed that they would be present even if not in large numbers. Ms. Arun shared about the AMCHAM led events planned for U.S. industry and what could be delivered. The embassy team shared details of the visiting delegation from the U.S. government.

 

Membership

By joining AMCHAM India, you become part of an active and dynamic Apex Chamber of U.S. Industry in India with a membership base of more than 400 American companies in India. AMCHAM is an important voice for policy advocacy, a critical source for business intelligence, a vibrant platform for networking and expanding your business.

Global Capability Center (GCC) Committee Meeting

The GCC Committee met on MS Teams on September 16th to discuss the main charter and how to work together to reach the committee’s objectives and goals. Deloitte made a presentation on the GCC market growth and challenges with data over the past few years depicting the growth of GCCs and the focus areas for India ER&D GCCs. The challenge of global leadership within the GCCs and the top engineering skills which will be in demand, how talent imperatives within the GCC are evolving and that niche skills continue to be a focus were all topics highlighted.

Membership

By joining AMCHAM India, you become part of an active and dynamic Apex Chamber of U.S. Industry in India with a membership base of more than 400 American companies in India. AMCHAM is an important voice for policy advocacy, a critical source for business intelligence, a vibrant platform for networking and expanding your business.

Eastern Region Executive Committee Meeting

AMCHAM’s Eastern Region had a virtual Executive Committee meeting on September 15th. Mr. Atanu Mukherjee, Chairman – Eastern Region, AMCHAM welcomed members and opened the discussions on the forthcoming signature event. He asked members present to share their thoughts. It was decided that the Eastern Region would hold its signature event in February, date to be confirmed. Monthly interactive sessions were also discussed.

Membership

By joining AMCHAM India, you become part of an active and dynamic Apex Chamber of U.S. Industry in India with a membership base of more than 400 American companies in India. AMCHAM is an important voice for policy advocacy, a critical source for business intelligence, a vibrant platform for networking and expanding your business.

Karnataka Chapter Executive Committee Meeting

AMCHAM’s Karnataka Chapter held an Executive Committee meeting on September 15th virtually to discuss important Chapter related matters. The membership status, including new and resigned members was discussed, followed by discussions on past meetings and upcoming meetings, status on AMCHAM Premier League, the NextGen Leadership Program 2022-23 as well as U.S. Consulate and state government engagement. In addition, the NEB meeting and Karnataka Chapter signature event 2022 updates were shared with the Executive Committee.

Membership

By joining AMCHAM India, you become part of an active and dynamic Apex Chamber of U.S. Industry in India with a membership base of more than 400 American companies in India. AMCHAM is an important voice for policy advocacy, a critical source for business intelligence, a vibrant platform for networking and expanding your business.