| HR
comes of age
HR is gaining significance and the profiles of HR heads are
undergoing a dramatic change. According to Santrupt Misra,
HR director Aditya Birla Group "It has evolved from routine
work to critical business." With companies re-discovering
the importance of HR practices, HR heads in many firms, are
now in a higher position in the hierarchy and get a better
compensation package. "I know of at least a dozen firms
paying their HR heads between Rs 60 lakh and Rs 80 lakh per
annum. Two years ago, the maximum salary an HR head managed
was Rs 40 lakh," says Anil Sachdev, founder and chief
executive of HR Consultancy firm, Grow Talent. According to
him the HR heads salary has increased from 30% of the
CEOs salary to 60%. From routine jobs to strategic leadership
and development, HR has finally emerged as a strategic tool
in core business.
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