INTERNATIONAL HRD SQUARE 2022
OUR KEY PATHS FOR 2022
Top Speaker of the day: Jonathon Frampton | BAYLOR SCOTT & WHITE HEALTH
Panellists:
Lorenzo Arca | ROCHE
Praveen Gandhi | RPG GROUP
Anna Karapetyan | AIR LIQUIDE
Mingyan Chen | ROYAL BANK OF CANADA
Michael A. Piker | FLUTTER ENTERTAINMENT
Thabo Mgcina | BUSHVELD MINERALS
Jonathon Frampton
BAYLOR SCOTT & WHITE HEALTH
KEY POINTS
How rewards are meaningful at the moment?
How are we responding to the new scenarios?
How are we responding to the new scenarios?
Does base pay really make sense anymore
Lorenzo Arca
ROCHE
KEY POINTS
Nowadays companies are approaching agile methodologies not only to develop projects
Self-organisation: one of the pillars of agile, as a time you can self-organize depending on what is priority for you
Agile rewards: move from a top down approach to a self-organized approach
Praveen Gandhi
RPG GROUP
KEYPOINTS
To make rewards agile we have to align them with the changing business and people needs
Characteristics of Agile Rewards: Business & People Strategy alignment; System & process compatibility; Total value proposition
Make sure you have accelerated growth policies in place
Important critical point is employee growth
Employee growth + business growth
Anna Karapetyan
AIR LIQUIDE
KEYPOINTS
agile can be a wonderful tool in a changing environment
We want to build principles that enable real-time decision making
Rewarding people not only for the individual performance but also for collective results
From comp & ben to total reward
Rewards not only as an individual but also as an agile remuneration
Rewards is about all the aspects: how many hours you work, where you work, experiences
Mingyan Chen
ROYAL BANK OF CANADA
KEY POINTS
We started a journey called Skills Talent Strategy - an agile talent strategy
Workforce working in hybrid environment could change by months/years.
Digital transformation played a central role in the decentralization of the workforce
We want to promote a team-based culture
Balance between personal life and work is challenging, that is why we should use rewards levers more effectively
Michael A. Piker
FLUTTER ENTERTAINMENT
KEY POINTS
The biggest fundamental change in the workforce is the way we do reward
The context of the workforce is fundamentally changing after COVID
You got to bring everybody in the journey
Constantly co-create and adapt as you deploy the strategy
We need to constantly shift elements of rewards in a way that people will enjoy the journey
Rewards shouldn’t be time based but outcome based
Thabo Mgcina
BUSHVELD MINERALS
KEY POINTS
People need to be aware of what is the impact of rewards in their life
We give people enough tools to understand the impact of Rewards
We need to introduce the recognition program
We need to co-create with employees
Build but don't build for yourself
THANK YOU
