How do you align reward strategies with local culture and values in diverse regions?
As a compensation and benefits professional, you know that reward strategies are not one-size-fits-all. Different regions have different cultural and value preferences that affect how employees perceive and respond to rewards. How do you align reward strategies with local culture and values in diverse regions, especially in emerging markets where reward challenges are more complex and dynamic? In this article, we will explore some key factors and best practices to consider when designing and implementing reward strategies that are culturally and locally relevant.