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Event Calendar / Total Rewards In The "New Normal" How Did We Get Here? What Can We Do?
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Total Rewards In The "New Normal" How Did We Get Here? What Can We Do?
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.
05/07/2012 1:00 pm o'clock
05/07/2012 2:00 pm o'clock
Jacque Vilet
City
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Webcast information

Who should participate:

HR management in global companies as well as total rewards specialists.

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.

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
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