How do you explain the benefits of a global compensation structure to your employees?

由人工智能和领英社区提供技术支持

A global compensation structure is a way of designing and delivering pay and benefits to your employees across different countries and regions. It can help you attract and retain talent, align your rewards with your business goals, and manage your costs and risks. But how do you explain the benefits of a global compensation structure to your employees, especially if they are used to a local or regional approach? Here are some tips to help you communicate effectively and transparently.

此文章中的业界达人

由社区从 11 条内容中精选。了解更多

Alexander M.

Creating meaningful Employee Experiences through Reward Solutions | Strategic Planner ??
André do Carmo

Director at RH Senior |??Compensation & Benefits | ??Organizational Structure Design | ??Reward Systems | ??Performance…

1 Understand your audience

Before you start explaining your global compensation structure, you need to understand who your audience is and what their concerns and expectations are. Different employees may have different levels of awareness, interest, and acceptance of a global approach. For example, some may be excited about the opportunities and mobility it offers, while others may be worried about losing their local benefits or competitiveness. You need to tailor your message and tone to address these different perspectives and emotions.

添加您的观点

Alexander M.

Creating meaningful Employee Experiences through Reward Solutions | Strategic Planner ??
举报内容
Understanding your audience is crucial for effective communication and service delivery. One can start with data analysis by reviewing existing data and analytics to gain insights into your audience's behavior and preferences. Try using content experimentation by testing different types of content and updates to see what resonates best.

已翻译

赞
Clifford Watkin

Founder & Chief People Officer at Circle Strategies, Inc.
举报内容
As an HR firm owner, I believe that a global compensation structure is crucial for attracting and retaining top talent in today's competitive business world. It ensures fairness and consistency in pay scales, provides opportunities for career development, and helps retain valued employees. Moreover, it can give companies a competitive edge by attracting diverse talent from around the world.

已翻译

赞
André do Carmo

Director at RH Senior |??Compensation & Benefits | ??Organizational Structure Design | ??Reward Systems | ??Performance Management | ??Salary Survey | ??Job Analysis & Evaluation
举报内容
Por exemplo, ao implementar uma estrutura de remunera??o global em uma empresa multinacional, realizamos sess?es de escuta para entender as preocupa??es dos funcionários em diferentes locais. Isso nos ajudou a adaptar nossa comunica??o, garantindo que ela fosse relevante e ressoasse com as experiências únicas de cada grupo de funcionários.

已翻译

赞

2 Explain the rationale

In order to illustrate why you have adopted a global compensation structure and how it supports your business strategy and values, you need to demonstrate to your employees how a global approach can help you achieve your vision, mission, and goals, and how it can create a consistent and fair employee experience. Additionally, you should emphasize the advantages of a global compensation structure for your employees, such as enhanced career development and mobility opportunities, access to a diverse and inclusive culture and network, recognition and reward for performance and contribution, alignment with global market trends and best practices, as well as protection and support in case of cross-border assignments or emergencies.

添加您的观点

Alexander M.

Creating meaningful Employee Experiences through Reward Solutions | Strategic Planner ??
举报内容
Illustrating the adoption of a global compensation structure involves a few steps to rationalizes the implementation. Start by assessing the global market dynamics such as market conditions, cost of living and standard compensation practices in each country. Next, define the organizational goals by aligning the compensation structure with the company's strategic objectives such as talent retention, cost optimization and market expansion. These are a couple steps but what is key is to show how a global compensation structure can lead to a more harmonized, equitable and efficient compensation system that supports the organization's broader goals.

已翻译

赞
André do Carmo

Director at RH Senior |??Compensation & Benefits | ??Organizational Structure Design | ??Reward Systems | ??Performance Management | ??Salary Survey | ??Job Analysis & Evaluation
举报内容
A chave para explicar a justificativa por trás da implementa??o de uma estrutura de remunera??o global é destacar como ela promove a equidade, a transparência e a competitividade no mercado. Em um caso específico, enfatizamos como essa estrutura nos permitiria oferecer remunera??es justas e competitivas em rela??o ao mercado local, ao mesmo tempo em que mantínhamos a equidade interna entre os funcionários em diferentes países, melhorando a satisfa??o geral dos funcionários e a reten??o.

已翻译

赞

3 Provide the details

After you have explained the rationale, you need to provide the details of your global compensation structure and how it affects your employees. It is important to be clear and transparent about what elements are included in your structure, such as base salary, variable pay, benefits, allowances, and incentives. You should also explain how these elements are determined, delivered, and adjusted. This includes the criteria and methodology for setting and reviewing pay levels and ranges, the performance management and appraisal process and system, the benefit plans and options available and how to enroll and claim them, the allowances and incentives applicable for different roles, locations, and situations, as well as the exchange rates and tax implications for cross-border payments.

添加您的观点

Alexander M.

Creating meaningful Employee Experiences through Reward Solutions | Strategic Planner ??
举报内容
To look under the lens, in order to create a harmonized and equitable system that supports an organization's strategic goals there a few key points. Equity and fairness for employees in similar roles and levels should be compensated fairly. Strategic alignment where compensation structures must align with business objectives that encourage behaviors supporting the company's strategy and goals. Scalability, is one as the organization grows and enters new markets, compensation structures that can scale and adapt to make it easier to integrate new employees and operations

已翻译

赞
André do Carmo

Director at RH Senior |??Compensation & Benefits | ??Organizational Structure Design | ??Reward Systems | ??Performance Management | ??Salary Survey | ??Job Analysis & Evaluation
举报内容
Fornecer detalhes sobre como a estrutura de remunera??o global funciona é essencial para a aceita??o dos funcionários. Isso inclui explicar os componentes da remunera??o, como salários base, b?nus, benefícios e incentivos de longo prazo, e como eles s?o determinados dentro da estrutura global. Por exemplo, ao introduzir a nova estrutura, fornecemos exemplos concretos de como os salários seriam ajustados para refletir as condi??es de vida locais, os níveis de mercado e o desempenho individual.

已翻译

赞

4 Address the questions

Finally, addressing questions and concerns that your employees may have about your global compensation structure is essential. You should anticipate the common and specific questions that may arise, such as how the global compensation structure compares with local or regional ones, how it affects pay and benefits, how it impacts career progression and mobility, how it accounts for different cost of living and market conditions, and how it complies with local laws and regulations. It is important to answer these questions honestly and respectfully, providing relevant examples and data to support your answers. Furthermore, inviting feedback and suggestions from your employees, while assuring them that you will listen and respond to their input, can be beneficial.

添加您的观点

André do Carmo

Director at RH Senior |??Compensation & Benefits | ??Organizational Structure Design | ??Reward Systems | ??Performance Management | ??Salary Survey | ??Job Analysis & Evaluation
举报内容
Em uma situa??o, organizamos sess?es de perguntas e respostas ao vivo e fóruns de discuss?o online, onde os líderes de RH e os gestores estavam disponíveis para abordar preocupa??es específicas. Isso ajudou a esclarecer dúvidas e a refor?ar o compromisso da empresa com a equidade e a transparência.

已翻译

赞
Alexander M.

Creating meaningful Employee Experiences through Reward Solutions | Strategic Planner ??
举报内容
Open communication. Employees have the right to know what channels are available to know about the details in global compensation structures. A company can establish safe and open channels where employees can voice their concerns. Employers should be able to provide detailed explanations of how the structures work and benefits the employee. A solution can be organizing educational sessions or workshops to educate employees about the compensation framework. One can use visual aids and examples to illustrate how the structure applies to different roles and regions. Lastly, transparent rationale around how and why a company uses this form of structure due to market competitiveness; fairness and strategic alignment.

已翻译

赞

5 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

添加您的观点

Alexander M.

Creating meaningful Employee Experiences through Reward Solutions | Strategic Planner ??
举报内容
One thing else to consider is thinking of a feedback mechanism to implement a system for collecting and addressing feedback. This shows that the company values the employees input. Use the feedback to make continuous improvement to the compensation structure.

已翻译

赞
André do Carmo

Director at RH Senior |??Compensation & Benefits | ??Organizational Structure Design | ??Reward Systems | ??Performance Management | ??Salary Survey | ??Job Analysis & Evaluation
举报内容
Em uma implementa??o bem-sucedida, focamos também no desenvolvimento profissional e no crescimento de carreira, mostrando aos funcionários que a estrutura de remunera??o global é apenas um componente do nosso compromisso mais amplo com seu sucesso e bem-estar. Ao abordar esses tópicos com sensibilidade e clareza, você pode ajudar os funcionários a entender e apreciar os benefícios de uma estrutura de remunera??o global, promovendo um ambiente de trabalho mais justo, transparente e motivador.

已翻译

赞

Compensation Structures

+ 关注

给文章评分

我们借助人工智能创建了此文章。您认为这篇文章怎么样？

很棒不太好

举报此文章

查看全部

How do you explain the benefits of a global compensation structure to your employees?

1

2

3

4

5

1 Understand your audience

2 Explain the rationale

3 Provide the details

4 Address the questions

5 Here’s what else to consider

Compensation Structures

给文章评分

感谢您的反馈

更多Compensation Structures相关文章

更多相关阅读内容