As companies start to differentiate more to retain employees with high potential and critical skill talent, even with their limited budget, performance-based rewards will play a much more crucial role this year, say HR experts.HERE’S some good news for high-performers this appraisal season. As companies start to differentiate more to retain employees with high potential and critical skill talent, even with their limited budget, performance-based rewards will play a much more crucial role this year, say HR experts.Agrees Moorthy K Uppaluri, CEO of HR consulting firm Randstad India: “This year is expected to be better in terms of pay hikes as compared to previous years. This especially holds true for the top performers, who would be favourably rewarded based on their individual performances. Since companies are now reinforcing their commitment to meritocracy, they are bringing out higher differentiation within the talent segment when it comes to rewards and increments. This year, the hike given to these top performers is expected to be around 1.5 times or higher than that of an average performer.”
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