"Compensation 2012-2014: What does the future hold?"
Around 80 HR Professionals attend the second "Compensation&Beneftis" event of IHRC.
Moderated by Michelle Holmes, Managing Partner M-Rewarding
Keynote Addresses:
Salary and Economic Forecasts, Daniel Kalt, UBS AG
Future Trends in Compensation, Martin Emmerich, Director, Towers Watson
What are Companies Focusing on in 2012?, Thomas Haussmann, Hay Group Germany
Master Classes:
Salary structures, grading and benchmarking, Facilitator: Michael Bruggmann, Head of C&B, Swisscom AG
Short Term Incentive Plan (Re)Design, Facilitator: Sonja Helfenstein, Head of C&B, Gate Group
Long Term Incentive Plan (Re)Design, Facilitator: Peter Hebeisen, Head of C&B, Private Banking, UBS
Benefit Management, Facilitator: Domenica Huber, Head of C&B, Nobel Biocare
Corporate Governance and Remuneration Reporting, Facilitator: Paul Sutton, Head of Total Rewards, Zurich Financial Services
The second annual IHRC compensation event offered a dynamic and interactive platform involving experts and practitioners in the world of Compensation & Benefits, representing a wide cross section of industries. The keynote addresses and five master classes provided thought provoking ideas on future trends to the 80 some participants.
Dr. Daniel Kalt, Chief Economist Switzerland, presented the results of UBS Compensation Survey - Outlook 2012. The survey provides a macroeconomic picture with leading indicators pointing to a sharp slowdown for Switzerland. The strength of the Swiss franc, a global slowdown and the rise of financial market stress are the main reasons. Expected salary development overall shown by the survey is 1.12%.
Martin Emmerich from Towers Watson talked about Future Trends in Compensation, leading through uncertain times. He stated that while attraction and retention is complicated in today's economic environment, employers must take a long term view to lead successfully. Mr. Emmerich explained how key principles - integration, segmentation and agility can help companies create a sustainable talent management and reward model that manages risks while remaining vital no matter the economic cycle.
Dr. Haussmann, Senior Vice President and Practice Leader Reward for Hay Group Germany, concluded the key note session by addressing what companies are focusing on in 2012. He presented 8 focus themes in HR and elaborated on the themes of enhance diversity, adapt to demographic changes and minimize compensation risks. He told the audience making compensation systems risk-proof is one of the key duties of any HR manager.
The five Master Classes provided the opportunity for participants to split into small groups to discuss a variety of topics related to compensation and benefits. A summary of the discussions was then presented to the group.
Text by Mary Bronson