Global RewardsIf your business is global, shouldn’t your reward programs align globally, too? |
In a time of rapid change, the traditional rules of success and failure no longer seem to apply. With the increased erosion of geographic and economic borders, a key to business success lies with adapting quickly to meet the demands of this dynamic global business environment.
As organizations craft responses to these new demands, nowhere is the obsolescence of traditional approaches more apparent than in the determination and delivery of compensation, benefits, and equity incentives in a multinational or global corporation.
In some organizations, existing reward models at best may not reinforce this new global imperative, and at worst, may impede them. This is due to the fact that some international and multinational companies’ reward structures are based on a benchmarking system which assumes that employees look only to their local marketplace when evaluating the fairness of their compensation. It is clear that increased access to information and greater mobility created by the acceleration of economic globalization have eroded this assumption. As a result, compensation and benefit professionals are increasingly challenged to find ways to create global compensation, benefit, and equity incentive programs that provide internal equity within the entire global organization while remaining externally competitive so as to retain the best and brightest talent in tight labor markets.
Deloitte’s Global Rewards team offers services to assist companies develop and implement the design, delivery, compliance risk management, and tax-effectiveness of reward programs for a global workforce.
Count on us for integrated services that provide a “one-stop-shop” approach to addressing global employer issues. The benefits of this integrated delivery and training model set us apart from the more traditional structures for providing these services. This approach enables us to provide more insightful, value-added support to our clients.
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Global Rewards
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