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Rewards Solutions Newsletter | July 2020

In this issue, we continue to explore the economic and operational impacts of the COVID-19 pandemic on our client community. This includes how HR leaders can reimagine their use of key workforce metrics, how startups in Europe are adjusting equity compensation, and how firms in Asia are rethinking their approach to total rewards. We are also returning to some “regular” programming on the value of getting salary benchmarking right.

Join us at the WorldatWork 2020 Total Resilience Virtual Conference

Before we dive into the latest featured insights, we are excited to announce our participation in this year’s annual WorldatWork conference and hope to see all of you there — virtually, of course!

There is still time to register for this important industry conference, taking place between July 8 and September 2. For those who can attend, we invite you to visit our virtual booth. Our first 75 visitors will receive a complimentary copy of our 2020 Hot Topics in Executive Compensation Study!

Finally, we encourage you to attend our marquee presentation at this year’s conference, Capitalizing on This Moment to Reshape Your People Strategy, which will take place on August 12. Together with clients, our very own Brooke Green and Meg Doyle will examine how recent events can serve as a catalyst for change.
Adjusting to a New Normal: It’s Time for HR to Rethink Workforce Metrics

The current health and economic crisis has upended the way we do work and requires organizations to go beyond everyday HR metrics to optimize costs and drive growth during and after the COVID-19 pandemic. Read More
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European startups have relied heavily on cash to attract key talent, but in the current environment, this is unsustainable. To conserve cash, some firms are exploring greater use of equity incentives. 
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Businesses in Distress or Filing Bankruptcy Should Reassess Compensation Arrangements 

The wave of companies operating in distress or under bankruptcy protection due to a global economic slowdown should consider rules and best practices for employee and executive pay.  
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Completing data collection forms accurately will pay dividends down the road when using survey data to benchmark your rewards programs against the market. This is especially true during market volatility.  
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Case Study: Redesigning Total Rewards for Technology Roles at a Global Retail Company   

To keep up with advancing technology and consumer demands, a large global retail company seeks guidance for growing its technology leadership to support critical future initiatives.

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During a recent webcast in Malaysia with Propay Partners, our experts discussed how business leaders are rethinking workforce models in the wake of a more virtual workforce.  
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Navigating Incentive Decisions in Times of Uncertainty in Southeast Asia and Beyond  

Firms should proactively start thinking about adjusting their short- and long-term incentive schemes to better prepare for an uncertain economic future and ensure they are well-positioned for the road to recovery. 
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Five Key Rewards Trends and Tools for Navigating Change    

In this unsettling economic environment, HR leaders must be proactive and agile. Join us, and our partner, beqom, for a discussion on how to leverage data and technology to take a more agile approach to total compensation management.  

Date: July 30, 2020
Time: 10:00 a.m. PDT

Register Here



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About Rewards Solutions

The Rewards Solutions practice at Aon empowers business leaders to reimagine their approach to rewards in the digital age through a powerful mix of data, analytics and advisory capabilities. Our colleagues support clients across a full spectrum of needs, including compensation benchmarking, workforce and pay modeling, and expert insights on rewards strategy and plan design.  |