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Vantage Circle Emphasizes the Transformative Power of Recognition in the Evolving Workforce

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Mumbai, India, 20th February 2024 –Vantage Circle, a leading global SaaS-based platform, took centre stage at the SHRM India Talent Leadership Summit & Expo held in Mumbai on February 19, 2024. Saurabh Deshpande, Director of CoE – People & Culture at Vantage Circle, delivered a captivating keynote session on ‘R&R Practices Reshaping the Future of Talent Management.’

 

In an era where the workforce is undergoing rapid evolution, Saurabh Deshpande highlighted the profound impact that Rewards and Recognition (R&R) practices have on talent management. Drawing from Vantage Circle’s extensive experience in employee engagement, Deshpande elucidated the critical role of R&R programs and why R&R should be core to talent management strategies for the evolving workforce. He emphasized three key trends in view of the growing pool of young talent in India – Gen Z employees, who need regular positive reinforcement and validation, the challenges posed by dispersed teams comprising hybrid and gig workers, and the craving for social validation.

 

Attendees gained valuable insights into innovative R&R practices and platform features that can enable effectiveness of R&R programs by elevating program adoption and utilization through. Deshpande’s session underscored the strategic significance of effective recognition programs in orchestrating behavioural change and achieving business results.

 

Speaking about the event, Saurabh Deshpande, Director of CoE – People & Culture at Vantage Circle, stated, “At Vantage Circle, we see R&R programs enabling organizational transformation through behavioural change, in addition to driving employee engagement. In today’s business landscape, R&R programs are critical levers for effective talent management, and the design frameworks serve as the cornerstone for their success. Strong program design should be backed by effective implementation, focusing on user-friendliness, clear communication strategies, meaningful recognition, and measurable outcomes. It was a privilege to share our perspectives and insights at the SHRM India Talent Leadership Summit 2024, and we are committed in our efforts to enable organizations to leverage the power of recognition to drive business results.”

 

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