Register for Total Reward Revamp – Where to Start?

The Challenge:

Developing an effective total reward strategy can be a complex process, given the extent of regulations and laws that govern employee benefits. To create an effective total reward strategy, organizations should start by identifying the key goals and objectives of the business, and then align the total reward package with those goals. What are the most valued components of total rewards packages and how can they be personalized for employees? How can cost-saving measures be implemented without compromising the inclusions in the total rewards strategy? 

Digital Incubator Discussion Points:

• What makes a low-cost reward package valuable despite its cost? 
• What are some non-regulated benefits or perks that can be offered as part of employee reward packages in the United States? 
• What are the essential components and recommended practices for creating an effective employee reward package? 
• What measures can you take to ensure that your total rewards package and strategy are competitive with other organizations in the industry through benchmarking? 
• How to obtain employee input on the current total rewards package and identify areas for improvement? 

Digital Incubator Outcomes:

• Where to access market data to provide accurate information on compensation and benefits by similar organizations?  
• Access to examples of how to determine the relative worth of different jobs within an organization to ensure internal equity.  
• Budgeting and forecasting frameworks to project the financial feasibility of total reward package options.  
• Access to total rewards statement templates. 

Who is the session leader?

Amanda Miller

VP, Total Rewards

When and where?

May 17, 2023 at 11:00am-12:00pm EDT | Online

How can I join?

Registration is free for people leaders* – all you need to do is complete the form on this page and select this session.

What is the HRD Collective?

The HRD Collective is a learning space designed for senior people leaders to co-create strategies that will shape the future of the industry. With its flexible structure, the HRD Collective is designed for your convenience.

We invite you to attend the full day of sessions to inform and enrich your People strategy, however, we recognize that your time is precious and you may prefer to choose individual sessions, which interest you and suit your availability.

Our digital format allows you to create a bespoke schedule that compliments your diary; all you need to do is select the sessions you want to attend at registration. Plus, you can catch up on any sessions you miss with on-demand recordings post-event.

*Places are exclusive to C-level, People Directors, SVP, VP, or Heads of People (or equivalent specialism in talent, learning, D&I, wellbeing, workforce, culture, etc.) from companies with more than 500 employees