COVID-19 Impact on the current Total Rewards climate ... What to consider in the coming months

COVID-19 Impact on the current Total Rewards climate ... What to consider in the coming months

FREE for OCCABA members.

Non-OCCABA member may register for $30.

Thursday, June 24, 2021 from 12:00 pm to 1:00 pm (Pacific Time)

Total Rewards Effectiveness in a Changing World

Even prior to COVID-19, there were tremendous changes taking place in the workplace – from digitalization to the emergence of the gig economy to an increase in virtual work. The pandemic has accelerated a number of these changes and introduced more – and the only thing certain in the future is more change. This change has fundamentally altered how workers view their rewards and caused organizations to think about what changes they may need to make to their reward programs.

This presentation will focus on how world changes are influencing the way organizations and their workers view Total Rewards and provide a new framework for assessing and measuring the effectiveness of Total Rewards programs. We will explore how these changes are impacting the way workers think about their rewards (e.g., changing value preferences) and how organizations are beginning to rethink their approach to reward programs.

The presentation will look at the approaches some organizations are taking to address these challenges. These approaches include structural approaches such as changes to job architectures, as we well as changes in how rewards are structured and delivered to provide more flexibility to meet the needs of an agile organization.

Finally, the presentation will introduce a new framework for thinking about the effectiveness of rewards and how to maximize the return in the investments in those rewards.

Our guest speaker will be:

 Liz Snyder, Associate Partner, Rewards Solutions for Aon 

Liz is part of Aon’s Employee Rewards team and head of the US Insurance Vertical for Employee Reward Advisory. Liz has extensive experience leading a wide range of client projects covering an array of industry segments. Her scope of work includes project management, job analysis, job description design and automation with HRIS systems, career path development, compensation structure design and analysis, market pricing, wage and hour compliance and training, and systemic compensation, staffing, and expense benchmarking. She also has worked with senior management on all aspects of executive and Director compensation, including peer group analysis, base, short, and long-term incentive plans, and the design and setting of performance metrics and goals. As part of Ward Group, Liz led client benchmarking and compensation design engagements, including CEO (Core Enterprise Operations), Claims focused, and Information Technology benchmarking, and organizational design and analysis.

Liz is a recognized industry thought leader, having authored numerous articles and whitepapers and presented at industry conferences and professional roundtables. She is a member of World at Work and the Orange County Compensation and Benefits Association.

Prior to joining Aon Hewitt, the parent company of McLagan, Liz worked as an attorney advising companies in employment, subrogation, real estate, and construction litigation. Liz received a B.A. in Political Science and Statistics from the University of Michigan and a J.D. from the University of Southern California.

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All registrations must be completed by 9:00 pm the night before the webinar to ensure the participant will receive the webinar link and/or dial-in information.

Attendance counts toward WorldatWork re-certification.