Compensation, Benefits and Working Terms – Meeting Divergent Employee Needs Globally
The make-up of today’s workforce around the world is much different than it was at the start of the millennium. In a global environment with dwindling talent pools matching skills in demand, multinational companies face the imperative of having to adapt standard approaches for employee rewards and conditions of employment to address the varying needs and preferences of a diverse workforce. Building packages of employee compensation and benefits programs and employment models which are simultaneously attractive to employees, effective for the business, affordable for the company, legally compliant, and administratively feasible is not only the latest challenge for employers but a matter of business survival.
In this session, we examine compensation and benefits models, how they have evolved and how companies can create solutions that are best adapted for a diverse workforce.
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