As businesses have had to mitigate heightened financial pressures without knowing the extent of the damage this crisis will cause - nor how long it will last, taking a creative and agile approach to managing reward is essential.
Overwhelmingly, we have seen employers imposing pay reductions, freezing promotions or asking their employees to take unpaid leave in order to protect the business - yet at the same time needing to keep their people motivated and engaged. The latest CIPD Middle East Market Pulse also showed an increased concern about employees’ mental health and well-being, especially as many people's financial well-being is threatened. So, how will this crisis influence reward practices? How has it changed the role of HR in the business?
In this session, Compensation & Reward Consultant John Macdonald FCIPD covers the following key areas:
- Beyond cash: Taking a holistic approach to compensation & reward
- What were the immediate responses what needs to change going forward?
- How to drive engagement and recognise people's commitment when we're asking for more and giving less?
- What are the options for cost-cutting without cutting motivation or engagement?
- Business partnering: What key strategies can people managers adopt to better support the business?
- Executive pay: Lessons learnt from past crises
- Reward and employer brand: What are the long-term risks of mismanaging reward and how to mitigate them?
- Looking at the future: Looking for the silver lining and preparing for the future
About John Macdonald:
John has over 30 years’ experience in corporate human resource management across the UK, US, Saudi Arabia and the UAE. He has managed international and regional compensation and benefits policies and practices since 1996, including a 3-year period running the Middle East regional office of an international compensation and benefits consulting firm where he undertook numerous reward management consultancy assignments throughout the GCC. Prior to being an independent consultant, he held a role as a VP of HR and Administration at Lamprell in the Middle East and featured in Arabian Business’ list of top 100 HR Executives in the Middle East for several years. Since 2018, he's been the Lead Associate for Compensation & Reward at CIPD Middle East.
John has a Master’s degree in Management Studies from the UK, has been a Fellow of the CIPD since 2008 and is a UK qualified executive coach and mentor.
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