compensation strategy

Wednesday, January 27th 2021

This week in
Consulting

Designing a compensation strategy in the middle of a pandemic.

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This week’s must read

Compensation Packages That Actually Drive Performance
Principles for designing executive pay

 

 

The loss of talent, demotivation, misaligned objectives, and poor shareholder returns all impact a company when executive compensation is neglected. In this article, four experts break down the key elements of compensation and explain how to effectively put them together.

This Week’s Must Read is an insight piece from HBR and FW Cook about how Compensation Packages can drive performance.

  Boris Groysberg, Sarah Abbott, Michael R. Marino and Metin Aksoy @FW Cook for HBR

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Thought Leadership

Global compensation trends: Spotlight on China
China’s vibrant labour market is full of challenges and potential opportunities for HR. Here are five trends shaping China in 2021.

In a post-crisis world, businesses are looking to achieve and maintain positive economic recovery throughout 2021. This article reveals five trends that will shape the China market in the year ahead.

Edward Hsu@Willis Towers Watson

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Why HR shouldn’t cut pay for remote worker | HRExecutive.com
Some Silicon Valley organizations are recalculating pay for workers who live in lower-cost areas.
It seems to be common practice for there to be wage differences to reflect cost-of-living differences. The pandemic’s impact on the longer-term remote work may allow more people to live someplace different from where they are employed. But what are the real benefits ?

Peter Cappelli@The Wharton School

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Compensation & Benefits Trends for the year 2021 | SightsIn Plus
Compensation & Benefits Trends for the year 2021. More organizations will take time out to reflect on their policies & practices of Equal Pay

The COVID-19 crisis has forced companies to re-evaluate and be cautious of the compensation structure and salary increment budget for 2021. What are the emerging trends in compensation and benefits in a post-pandemic scenario?

Ruchira Bhardwaja@CHRO

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SemlerBrossy_Incentive-Design-Changes-in-Response-to-Covid-19-Report-1.pdf
An examination of the new normal COVID-19 productivity factor. In early 2020 most business leaders probably didn’t think a pandemic would shake the foundations of the world economy. In fact, the continued threat of diminished skilled labor and the related, detrimental impact to productivity were the…

The COVID-19 crisis significantly altered operational priorities and financial results for companies in nearly all sectors. Here is an interesting report that helps to learn more about how companies adjusted executive incentive plans in response to the pandemic.

Greg Arnold, Blair Jones, Justin Beck and Felipe Rubio@Semler Brossy Consulting Group

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This week’s Consulting News

CDC study says Abbott’s rapid COVID-19 antigen test may miss two-thirds of asymptomatic cases
Shortly after Abbott completed its delivery of 150 million rapid antigen tests to the federal government, researchers at the CDC said the card-based diagnostic may fail to catch about two-thirds of asymptomatic cases.

| @Fierce biotech

Johnson & Johnson eyes 100M COVID vaccines for US by April - News Brig
Johnson & Johnson hopes to have enough COVID-19 vaccines for 100 million Americans by April as the feds ramp up nationwide inoculation efforts, a

| @News Brig

Middle market CEOs see base pay reduction in 2020
Middle market CEOs and CFOs saw a reduction in base salary pay in the range of 20% to 50% in 2020, according to BDO USA’s annual study of CEO and CFO compensation.

| @Consulting.us

Three post-Brexit opportunities for procurement and supply chains
The Brexit debate is over with the UK and EU finally agreeing on the trade and cooperation terms after Brexit.

| @Consultancy.uk

 

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This week’s media

The COVID-19 pandemic has put the majority of businesses into crisis management mode; business owners have many complicated and impactful decisions to make in short time frames.

Consulting sourcing tips

Previous Weeks’ issues

Hélène Laffitte
CEO and Co-Founder at  | Website | + posts

Hélène Laffitte is the CEO of Consulting Quest, a Global Performance-Driven Consulting Platform and author of “Smart Consulting Sourcing”, a step by step guide to getting the best ROI from your consulting. With a blend of experience in Procurement and Consulting, Hélène is passionate about helping Companies create more value through Consulting.

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