Planning for tomorrow: How to build an agile compensation and reward framework

In response to the COVID-19 pandemic and current economic crisis, organizations worked quickly to implement cost-reduction initiatives. Now, faced with a prolonged economic recession, longer-term solutions are needed to help companies navigate this challenging environment.

This session will provide practical advice to help you position your organization for what comes next. Our speakers will address how to:

• Develop the right career framework to enhance employee engagement, increase operational efficiencies, and mitigate risk

• Analyze your current labor costs, identify areas of opportunity, and optimize work structures using an organizational assessment

• Use a data-driven perspective to navigate an emotional conversation

• Assess cost containment strategies, such as severance, furloughs, wage cuts, early retirement programs, and more

We will allow time at the end of the session to address audience questions. 

About our speakers

Mike Chalmers, J.D. | Mike is a Principal and leads Buck's Career practice. He has a legal background and more than 20 years of experience, both as a consultant and leading the compensation function at large, multi-national companies. With a proven track record of delivering on key initiatives within diverse business environments including M&A integration, international expansion, and corporate restructuring, his experience includes international, executive and broad-based total rewards, job analysis and organizational design, and performance management and HR system/analytics. 

Amy Heinze | Amy is a Principal in Buck’s Career practice and has more than 20 years of experience in both consulting and corporate compensation. She works with her clients in the development and design of workforce rewards, executive compensation, career frameworks, salary structure design, and pay policy development, with industry specialization in the higher education and not-for profit worlds.