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Rewards Solutions Newsletter | August 2020

In this issue, we examine how companies continue to adjust their responses to the many challenges posed by the COVID-19 pandemic — from ensuring pay equity remains a priority during a tumultuous period to establishing geographic pay differentials for remote workers and addressing mid-year changes to compensation plans. Also, don’t miss this month’s Rewards Solutions Spotlight, where our experts share their thoughts on the broader impacts of a more virtual workforce.
When It Comes to Pay Equity, Balancing Effective Compensation Policy With Legal Considerations Is No Easy Feat 

Using our survey database, we tested several popular approaches for conducting pay equity analyses to determine which models yield more accurate and actionable insights to drive sustainable change. Read More

With many firms evaluating mid-cycle adjustments to pay given business uncertainty, boards and executive compensation professionals must prepare now to make decisions on short- and long-term incentives. Learn about our framework for an integrated approach.  
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Rethinking Equity Compensation in Response to COVID-19: Upcoming Grants 

There are many considerations when granting new awards in this environment — changing vehicles, selection of metrics and evaluating performance thresholds. Here’s what companies need to think through when determining when and how to execute upcoming grants.  

Some companies, seeing a slightly improved business outlook, are lifting pay reductions for senior leaders and other employees. Here are the latest actions companies have taken and considerations for determining when to restore pay. 

As European Tech Firms Face a More Virtual Workforce, They Must Consider Location-Based Pay   

Remote working will permanently transform the workforce culture, but in the short term, rewards professionals must consider changes to compensation plan design, including when and how to implement geographic differentials to wages.  

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Companies in China are showing an improved outlook for growth in the second quarter of the year as the COVID-19 pandemic became more contained. However, employee turnover and college recruitment remain much lower.  
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Attention Senior Leaders: Here’s How to Make This Downturn Your Springboard  

Originally published in PeopleMatters, we explain the biggest challenge for CEOs and boards today: aligning their organizations on critical behaviors and activities that help a company meet its performance goals, while reinventing to be successful in the future.  
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Getting Executive Compensation Right in the Age of COVID-19    

A check-the-box approach to executive compensation won’t work. The economic landscape is uncertain and the stakes are high for every company. Our experts will share case studies and tips to help you prepare for the year-end planning cycle.  

Date: August 27, 2020
Time: 10:00 a.m. PDT

Register Here

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How Financial Services Firms Are Adjusting Workforce Strategies for the Future of Work  

Results from our latest pulse survey, Setting the Stage for the Future of Rewards and Work, reveal signs of stabilization as firms advance workforce plans to adapt to a new environment and prepare for the future of work. Read More



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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.  |