Leveraging People Analytics to drive Rewards Strategy
Organisations and leaders are always looking to measure the effectiveness and intended outcomes of various compensation programmes. Are long term incentives incentivising retention? Are pay practices delivering on the compensation philosophy of the organisation? Learn how to leverage People Analytics to drive the design and execution of pay programmes to achieve the maximum impact out of limited budgets.
We are operating in a budget-constrained environment, especially in the tech industry, which has been impacted by the macro economic conditions like all others. With that, everyone is working with a limited pool of rewards, whether it be cash or equity compensation. It is becoming increasingly important to be strategic in allocation decisions to achieve the maximum desired impact - be it retention, performance, engagement, or other desired outcome.
This session will explore:
Examples from Rekha's own experience of instances of taking data and insights from the Analytics side to influence leadership on Compensation philosophy and programme design changes, resulting in better organisational outcomes and cost savings.
Learning outcomes:
- The basics of some popular compensation programmes and the organisational outcomes they are designed to incentivise
- How compensation decisions are made and implemented
- The overlap and synergies between the Compensation and People Analytics functions
- How the two functions can support each other to drive meaningful People outcomes.