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Total Rewards In The "New Normal" How Did We Get Here? What Can We Do?

Topic:
Total Rewards In The "New Normal" How Did We Get Here? What Can We Do?
Date:
May 7, 2012 at 1:00 - 2:00 PM ET
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Description
The term “new normal” in the title refers to “globalization”. Globalization has changed the world and greatly changed the way companies operate worldwide.

Companies in the U.S. are having to change their old practices and business models and search/find new methods to be successful. In addition, because companies are having to change, it means that every function, business unit and division is having to change its’ operations too. This includes HR in general -----and total rewards.

We will look at what factors have changed the way companies operate today: manufacturing moving overseas, emerging markets, the rising middle class, consumption rates worldwide and the change in revenue patterns.

In terms of HR in general, we will look at how workforce planning, talent acquisition and talent management are having to change to align more closely to company strategy. Hiring talent worldwide has become a huge challenge. The talent war has gone global. Talent management practices are having to change as well. HR must customize programs differently in order for them to work in each company location worldwide. And they must understand each culture in order to develop programs and practices that will work.

Total rewards will be changing as well in response to changes in company strategy and operations. Total rewards specialists will now have to deal with legal, cultural and competitive differences in countries outside the U.S. What works in the U.S., does not work outside the U.S. Total rewards needs to be re-thought and re-designed to fit all populations in all locations. We will look at how compensation strategy will change as well as some examples of specific programs that might need to be reviewed and overhauled.
Who Should Participate
HR management in global companies as well as total rewards specialists.
Extra Learning Material

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Recommended Resources
1) Current Research on Total Rewards and Methods for Transformation, Richard Kantor, Aon Hewitt, World at Work, 2011 2) Payscale's 2012 Compensation Best Practices Report 3) 2012 Top Five Total Rewards Priorities Survey, Deloitte 2012
Categories
Benefits
Compensation
Human Resources Management
International and Global HR
Compensation Trends
Compensation Planning and Management
Pay Strategies
Variable Pay
Base Pay
Design and Technology
Retirement Benefits
Medical Benefits
Rewards and Recognition
What You Will Learn
1) Gain understanding of today's business climate and its impact on U.S. companies 2) Learn some ways that HR in general will be changing how it operates 3) Review compensation and benefits programs to ensure they "fit" the company's business strategy as well as take culture, geography and generation into account.
Sponsored by
Vilet International
Vilet International
Vilet International provides creative and cost-effective solutions for your international human resources needs.
Presented by
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speaker spacer
Jacque Vilet
Vilet International

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Documents

Feedback
Name Comment Rating
Image of Jeremy Reah Jeremy Reah
Intact Insurance
2 / 5
Poor Presentation
Image of Melissa Calnin Melissa Calnin
PLEXUS CORP
3 / 5
Good Presentation
Image of Denis Coderre Denis Coderre
Hewitt Equipment Limited
3 / 5
Good Presentation
Image of Mary Mork, SPHR Mary Mork, SPHR
HMSHost Corporation
3 / 5
Good Presentation
3 / 5
Good Presentation
3 / 5
Good Presentation
Image of Elin  Dowd Elin Dowd
Zhejiang Senhe Seed Company
3 / 5
Good Presentation
Image of Charlene Sohrab Charlene Sohrab
GW University Medical Faculty Associates
4 / 5
Very Good Presentation
Image of Suzanne M Suzanne M
HR Solutions for Success
4 / 5
Very Good Presentation
Image of Carol Grapenthien Carol Grapenthien
United Airlines
4 / 5
Very Good Presentation
4 / 5
Very Good Presentation
Image of Thomas Faulkner Thomas Faulkner
MetLife Inc
4 / 5
Very Good Presentation
4 / 5
Very Good Presentation
Image of Mary McGroarty, CCP, GRP, GPHR Mary McGroarty, CCP, GRP, GPHR
Quintiles Transnational
4 / 5
Very Good Presentation
4 / 5
Very Good Presentation
4 / 5
Very Good Presentation
Image of Meriel Sweet Meriel Sweet
The Methodist Hospital
4 / 5
Very Good Presentation
Image of Donna Talaber Donna Talaber
Northampton Community College
4 / 5
Very Good Presentation
4 / 5
Very Good Presentation
4 / 5
Very Good Presentation
Image of Ruhi Acuña, SPHR Ruhi Acuña, SPHR
Ventana Medical Systems Inc
4 / 5
Very Good Presentation
4 / 5
Very Good Presentation
Image of April Saroff April Saroff
Felix Global Corp.
5 / 5
Excellent Presentation
Image of Emi Johnson Emi Johnson
Texas Education Agency
5 / 5
Excellent Presentation
5 / 5
Excellent Presentation
Image of Gina Streaty Gina Streaty
Duke Clinical Research Institute
Keep up the great work! 5 / 5
Excellent Presentation

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