Eight highly accomplished HR/Rewards leaders gathered virtually on 1 April 2022 to stretch themselves around the topic of total rewards strategy. Following presentation of ATRI’s competency framework for “Drive Total Reward Strategy” we had an honest conversation about what it takes to be effective in helping our organizations change course from less effective to more effective, on matters involving pay or benefits.
Tom Farmer, owner and co-founder of ATRI, and Lynette Ng, Group Head of Rewards for Goto Group and ATRI Industry Panel Member (and CTRF) together co-facilitated the session, to allow the participants, together having over 100 years experience in HR, to share their successes and challenges in building and presenting a case for change in rewards practices.
Lynette, a self-proclaimed “blackbelt in straight talk” delivered some key insights into change management such as when to play your cards to get the change that’s needed while giving business leaders what they need, and keeping everything relevant to the people affected. Tom and Lynette contrasted two approaches toward transparency and communication philosophies, with Tom describing the “need to know” approach and Lynette describing a very open approach, for example, taking pay questions at the Town Hall.
A hypothetical case study was presented (based on real experiences) for breakout group discussion, followed by sharing of potential solution elements and approach.
Including ‘Drive Total Reward Strategy’, the five sessions will include the following topics:
- A. Drive Total Reward Strategy (TRS) on 1 April 2022
- B. Manage and Develop Regional or Global Rewards (RGR) on 29 April 2022
- C. Design and Manage Executive Compensation (EC) on 20 May 2022
- D. Reward Gig, Remote, Agile and Mobile Work (GRAM) on 10 June 2022
- H. Total Rewards Hackathon (HACK) on 1 July 2022
No PowerPoint slides were used. The entire four hours were spent in discussion, only referring to the list of 7 essential total reward strategy competencies. Participants were based in Malaysia, Philippines, China and Singapore.
HRD-Future is the host for the CTRF Roundtable Series, bring people from across ASEAN and the greater Asia Pacific region, for an enriching exchange of experiences that reflect different business environments. Contact Elbee Lim at email@example.com regarding the series, which is fully booked for H1 and is taking registrations now for H2 2022, which starts 12 August 2022.