Total Compensation – The Next Generation led by Mercer and ADP

Mercer will kick off the segment with a quick update on current and future trends regarding the link between pay and performance, as well as other approaches to workforce segmentation.  We will then discuss the various challenges that are facing organizations that lack compensation management technology, specifically the heavy focus on the transactional activities for compensation processes.   However, there is an ever increasing demand for compensation teams to be more proactive and consultative to their constituents, and a need to enhance the HR profile.  What is the trend to alleviate those burdens to allow more focus on strategic related activities, how are organizations making the transition?  The move to automate compensation processes by implementing a compensation management technology is becoming ever more important and critical to compensation teams, whether the organization is domestic or global.  We will discuss what this type of technology can help companies to achieve, as well as demo the Mercer ePRISM system to allow participants to see the power of such a technology.

The second half of the presentation will focus on the challenges of making better decisions when awarding compensation, the obstacles and examples of how organizations have overcome them.  All companies achieve the goal of making compensation changes, but how many of them get the most out of every dollar, yen and euro?  Too many companies talk pay for performance but fall back into the peanut butter principle, where increase are spread evenly with little or no differentiation.  Or, even worse, budgets are overspent and guidelines are ignored due to lack of understanding or control.    Enabling greater control and effectiveness should be the goal of every organization, but the question is how do companies successfully change their processes and culture?  In this session techniques and technology will be reviewed to show how companies that range from regional to global solve these problems.

Our Distinguished Speakers: