Hazel Rees, Work & Rewards Leader, Europe, opened our session with how organisations and employees are living through a period of great uncertainty. Covering a polling section which showed that 30% of those polled will take some action around pay and benefits in response to a sharp rise in the cost of living.
We explored how Dr Lars Reichmann – Head of Corporate Compensation, Benefits & Mobility at BASF are adapting their total reward strategies to mitigate the rising cost of living, sharing too the process of setting realistic long-term incentive plans and targets when business performance and share price may fluctuate more than usual.
“We have been inundated with questions about what steps people are taking to respond to the current high inflationary environment.”
Hazel Rees,
Work & Rewards Leader, Europe, WTW
Sally Simpson, Group Career and Skills Lead at BT Group, shared how they are energising and retaining their people through skills based career architecture as a response to changes in the workplace, and building an organisation for the future.
Lastly, Marta Machicot, Chief People Officer at Telefonica shared how they steer the ship in uncertain times, with climate change and other risks looming large how can they inspire their people and board to not lose sight of ESG objectives.
You can access our European Work and Rewards Spring Webcast 2022 webcast replay by completing the form on your right, or below on a mobile device.
