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Total Reward is becoming recognized as a best practice for rewarding employees, but is the introduction of total reward on a global scale as simple as it sounds? Whilst technically a global total reward project can be very effectively planned, project managed and implemented, there are a number of cultural and change issues which are often overlooked in the process. This session will cover the following critical elements of a global total reward framework development and implementation program:
• Global buy-in – the essential preparatory communication requirements. Very often total reward program are investigated and developed in isolation – either within the HR function, or just within the corporate headquarters. What are the key considerations in respect of global collaboration necessary to ensure successful development of the framework?
• Global reward and benefits audit – what information needs to be gathered and considered as part of the motivation for whether global total reward is appropriate for your organization?
• Global considerations – when introducing a global reward system, there are a number of things to take into account, both cultural and technical!
• Understanding the change cycle implications of a global total reward program – the introduction of a global total reward program is a significant change exercise, not just for the organization but for individuals. How can you help to ensure that individuals cope with the change this will introduce?
• Program development communication and change essentials – communication is key during the development of the framework, but the management of this can make or break a program
• Implementation communication to optimize buy-in – people tend to be supportive of an new reward program if it looks good, but when it comes down to actually taking the big step and enrolling a lot of people hesitate. Why is this and how can you optimise buy-in?
• Post implementation essentials – global total reward does not end on implementation. Far from it. What are the key actions post implementation to ensure the continued success of your program?
The session focuses on managing both the technical and practical implementation elements, as well as the essential cultural, communication and change management elements of implementing a successful global total reward framework.
Who Should Participate
International HR professionals, Reward and Benefits specialists
What You Will Learn
Understanding the Global Total Reward Framework implementation process;
Working global change principles to ensure optimal organizational and individual buy-in;
Optimal global communication requirements for global total reward introduction;
Post implementation actions for ensuring on-going success
Living and Leading Change: A Hands-on Guide to Change Management ISBN 9781906253004
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