Abstract
Obtaining high-caliber talent worldwide on short notice is a challenge critical to success at NIIT, an information technology company. The company's greatest asset is its people, and management knows that attracting and retaining employees is the key to growth. To increase retention, NIIT rewards employees for achieving a personal balance between family, career and community. The company's total compensation program is designed to nurture world-class "NIl Tians," who provide world-class IT service. NIIT motivates employees to become a better professional, a better family member and a better citizen. To support each of these roles, NIIT has developed a compensation package that serves as a Life Budgeting Support System. The theory behind NIIT's unique reward plan is based upon establishing a purpose behind employee incentives. By seriously addressing their needs, NUT knows employees will feel a loyalty to the company, and loyalty leads to retention.
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