#517: Evolution of Employee Rewards and The Impact of Predictive Analytics in HR: A Conversation with Akshansh Bhardwaj

"In the evolution of employee recognition, we've transitioned from annual bonuses to dynamic R&R programs. Today, it's not just about monetary rewards; organizations celebrate well-being with unique incentives like cars, vacations, and gift coupons. Quality and quantity both earn appreciation, marking a shift towards holistic acknowledgement in the workplace."

In this episode of The Shape of Work podcast, we're excited to host Akshansh Bhardwaj, an HR Partner in Analytics at IndusInd Bank. With key roles at Pine Labs, iTV Network, and HCL Technologies, Akshansh, holding a Biotechnology degree from Manipal Academy of Higher Education and an MHROD in Human Resources Development, offers a unique perspective on the intersection of biotechnology and HR. Join us for a captivating conversation exploring the dynamic career landscape and the evolving nature of work with our distinguished guest.

In this episode, Akshansh Bhardwaj, HR Partner in Analytics, offers insightful perspectives on the evolution of employee rewards and recognition, emphasizing the shift from traditional bonuses to well-being-centric programs. He discusses the significance of adapting to technological changes, particularly in predictive analytics. The conversation concludes with a focus on future workplace challenges and opportunities. A must-listen for HR enthusiasts and those interested in evolving workplace trends.  

Episode Highlight

• The transition from yearly bonuses to dynamic R&R programs
• Embrace performance points and tokenization
• Enhancing satisfaction through personalized reward programs
• Focus on role orientation and meaningful experiences
• Anticipation of evolving workplace trends

FollowAkshansh on Linkedin

Produced by: Priya Bhatt
Podcast Host: Riddhi Agarwal

About Springworks:

Springworks is a fully-distributed HR technology organisation building tools and products to simplify recruitment, onboarding, employee engagement, and retention. The product stack from Springworks includes:

SpringVerify— B2B verification platform

EngageWith— employee recognition and rewards platform that enriches company culture

Trivia — a suite of real-time, fun, and interactive games platforms for remote/hybrid team-building

SpringRole — verified professional-profile platform backed by blockchain, and