Organizations are grappling with unprecedented reward-related challenges. What strategies and actions should you take in response to the evolving health emergency? How do you prioritize changes to your reward programs? What implementation actions are most effective in a volatile health environment? We'll discuss the challenges and impacts of the current global situation, and share learnings from prior disruptive events.
Employing Agile Reward Strategies for a Volatile World
1. LEADING THROUGH AND BEYOND COVID-19 WEBINAR SERIES
EMPLOYING
AGILE REWARD
STRATEGIES
FOR A
VOLATILE
WORLD
Tuesday, March 24, 2020
2. 2
Agenda SPEAKERS:
Introduction
Polling questions
Insights from experts
Where to find out more
1.
2.
3.
4.
DON
LOWMAN
Global Leader,
Rewards & Benefits
AMANDA
WETHINGTON
Workforce Rewards
Leader
TODD
MCGOVERN
Executive Pay
Leader
JOE
DIMISA
Salesforce
Effectiveness
Leader
MARK
QUINN
EMEA Rewards
& Benefits
Leader
3. 1. We have not yet experienced a significant negative impact on our results.
2. We have experienced some impact but too early to quantify how much.
3. We have experienced a modest impact (20% or less reduction of near-term revenues)
4. We have experienced a significant impact (greater than 20% reduction of near-term
revenues)
5. The near-term impact has been positive for our revenues.
POLLING QUESTION #1
To what extent has your company felt a negative economic
impact of COVID-19 so far?
(select only one)
5. 1. Too soon to tell/we are still deliberating
2. No changes expected as a result of COVID-19
3. Reduction in overtime pay
4. Base salary freeze
5. Base salary reductions
6. Short term incentives / bonuses reduction, deferral or delays
7. Reduction in benefits and perquisites
8. Increase in overtime pay
9. Increase in base salaries
10. One-time bonuses
POLLING QUESTION #2
Which actions have you taken, or are you contemplating, to
manage your workforce rewards−excluding executives?
(select all that apply)
10. 1. Too soon to tell/we are still deliberating
2. No changes expected as a result of COVID-19
3. Base salary freeze
4. Base salary reductions
5. Short term incentives / bonuses reduction, deferral or delays
6. Long term incentives reduction, deferral or delays
7. Revisions to incentive performance targets
8. Reduction in benefits and perquisites
POLLING QUESTION #3
Which actions have you taken, or are you contemplating, to
manage executive pay?
(select all that apply)
12. 1. Too soon to tell/we are still deliberating
2. No changes expected as a result of COVID-19
3. Base salary freeze
4. Base salary reductions
5. Reduction in commissions or bonuses
6. Modifications to sales quotas/ performance targets
7. Reduction in benefits and perquisites
8. Increase in base pay
9. Increase in commission/incentive opportunities
POLLING QUESTION #4
Which actions have you taken or are you contemplating
taking to manage salesforce rewards?
(select all that apply)