In a webinar held on 28 January 2021, Mr Helmi Yusoff of Mercer Singapore provided members with valuable insights into how companies will be reshaping employee rewards in 2021.
According to Mercer, employee rewards are being redesigned for value, flexibility and sustainability. 4 key takeaways were:
(1) As incentive pools are uncertain, these should be more focused on critical roles and employees.
(2) In support of business transformation, reward structures are incorporating skills-based considerations, in addition to the usual focus on business outcomes.
(3) Flexible work is reshaping the Employee Value Proposition.
(4) Organisations’ environmental, social and governance (“ESG”), and diversity, equity and inclusion (“DEI”) agenda are increasingly being supported by their rewards structure.
Watch this Webinar below:
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