NEW

REWARDS
Personalized, agile and holistic
May 9th 2018
 REWARDS
in the midst of a transition from strictly standardized to the highly personalized

The right mix of compensation and Personalized

traditional benefits such as health Agile
insurance and vacation time
BEFORE NOW Holistic

% of respondent rating their

organization's rewards programs "very REWARDS Attracting
effective" in achieving this result Motivating

3% Developing Talent
29%
Motivating talent 26%
5% 22%
Growing and developing talent
Highly aligned
17%
6% Aligned
Attracting talent Somewhat aligned
8% Misaligned
Retaning talent
12% Influence of rewards strategy alignment on
Aligning with business goals
organizational growth
What is wrong with today’s rewards?

Missing an opportunity to better

understand worker preferences and Traditional once-a-year rewards
tailor a wider range of rewards to a system (Inflexible and narrowly
move diverse workforce focused on experience and tenure) Most rewards programs are not seen
as “fair”
Aligning rewards with preferences

Patagonia
European
Major apparel consulting firm
manufacturer
Aligns with its
culture and identity
a range of rewards
• Increase in options on the
base pay employment offer
• Bonus amounts

• Incentive
 Supporting continuous performance
management
2016
3 2017
Company should change

4 Employees
performance management practice
70%
Companies Reported designing “continuous
performance management”
practices
< 40% These practices helped achieve
business objectives

Coorporate
leaders
 Keeping it Personal
Talent today wants a custom rewards experience that reflects:

How they live

Work

Communicate-not a one size-fits-

all approach rooted in the past
C-suite role in capitalizing on new
rewards
Chief Overhauling talent management is not complete without a corresponding overhaul of
Human rewards Evaluation
Resources
Officer Align rewards program and generate a market advantage for organization

Chief
Information Organization’s analytics capabilities Employee Insights for
Officer USE Organization benefits
People analytics capabilities

Chief
Financial How change in rewards structures can affect the
Officer workforce’s overall cost Avoid Loss Situation

Chief
Risk Monitor regulations and apply it to make a new reward system Not Breaking the
Officer Regulation

What do you want ?

Relationship in Organization Make Our Voice Heard
What do you expect ?
Individuals
 NEW
REWARDS

Personalized, agile and holistic

Employee wants a custom rewards

experience
Experiment and test new tools to
boost reward efficacy

Personalized Relationship with each

other
Thank you