CRAFTING AND IMPLEMENTING A WINNING REWARD COMMUNICATION STRATEGY
19th of June 2023
TOP SPEAKER OF THE DAY:
ABSTRACT:
In recent years, organisations have radically transformed their reward strategies and HR leaders are now wondering: what are the best practices for communicating such critical information to leaders and employees? An effective reward communication strategy is vital to boosting performance, attracting and retaining talent thus ensuring lasting engagement. To find out more about how companies are approaching this trend tune in to our next HRC Square chaired by John Beadle, ABB.
Expert Insight from:
John Beadle | ABB
Panellists:
Kent Frederiksen | LEGO GROUP
Nicole Bearne | MERCEDES-AMG PETRONAS FORMULA ONE TEAM
Erin Maggied | DHL SUPPLY CHAIN
Usman Aziz | QATARENERGY
Meenaxi Ramesh | SCHNEIDER ELECTRIC
John Beadle
Global Head of Performance & Reward
ABB
KEY POINTS
We have now a common people strategy across the group
The proposition should be up-to-date
It's important to speak with one voice
It's important to be sure and clear about who manages the budget
Kent Frederiksen
VP Reward & Workplace and Employee Experience
LEGO GROUP
KEY POINTS
The Lego Group is a family-owned business
We have commitment to pay rewards on time
We put a lot of efforts on how we communicate
We have this concept of "best-friend at work"
Nicole Bearne
Former Head of Internal Communication
MERCEDES-AMG PETRONAS FORMULA ONE TEAM
KEY POINTS
Employees who feel included in the comms and rewards strategies more likely report to increase productivity
Allignments allow people to understand better the reward goals and strategies
Be very transparent about the criteria of the rewards
Give people the opportunity to ask questions and stimulate two-way dialogs
Erin Maggied
Director of Internal Communication, Sustainability & Brand
DHL SUPPLY CHAIN
KEY POINTS
Overall goals: build, demonstrate, inspire
It's important our leaders will be able to respond quickly to the challenges we face
Set realistic expectations
Put graphical elements that keep audience engaged
Usman Aziz
Senior Advisor, Total Rewards & Governance
QATARENERGY
KEY POINTS
From my rewards perspective, it's important to set up realistic goals
Everyone speak different languages, so it's fundamental to study and know your audience
Diversify your communication channels based on your strategy
Be agile and follow the feedbacks received
Meenaxi Ramesh
Director - Global Rewards Hub
SCHNEIDER ELECTRIC
KEY POINTS
First thing to understand is WHY we communicate
By making rewards strategies, organization can attract talents
Remind, repeat and reinforce
We have to create a desire for them to be engaged in our comms strategies
THANK YOU!
Discover our next HRC Squares:
- REIMAGINING WELLBEING: BUILDING A WELL-BEING PROGRAM THAT FOCUSES ON HELPING EMPLOYEES ADOPT HEALTHY BEHAVIORS on 10th of October
- ENGAGING & LEADING THE NEXT GENERATION OF HYBRID TEAMS on 12th of October
Discover the complete program:
