CCA Breakfast Briefing
Reward NEXT Practices - A Look Into the Future
As we were harshly reminded by the economic collapse of 2008, the world can change very abruptly and it did for compensation professionals when we struggled to attract, retain and motivate employees when companies were suffering some of the worse economic reversals since the Great Depression. Although not always as dramatic, thankfully, we are constantly experiencing economic, cultural and demographic changes that affect how people are reward and how they respond to those rewards. As a result it is not surprising that everyone, it seems, is in search of “best practices.” However, it is our experience that exceptional organizations and their reward professional do not wait for “best practices” but are in search of “NEXT practices” – those are the practices that will become best practices in the next several years. Leading-edge organizations do not to get caught up in benchmarking common reward practices. Instead, they focus on evolving new practices to stay ahead of the curve and keep their employees engaged and motivated.
Dow Scott, Ph.D. Professor of Human Resources at Loyola University Chicago and Tom McMullen, North American Reward Practice Leader of Hay Group, will identify and share “NEXT practices” insights. These findings and insights are the result of a research study jointly conducted by Hay Group, Loyola University Chicago and WorldatWork focused on the next reward practices of great global organizations. Topics covered include next practices in reward strategy, design and architecture, alignment of reward practices with other talent management systems, reward implementation and doing business during challenging economic times.
This thought provoking presentation will provide a balance of data-based findings and real-world examples of what the best view what is NEXT. Since this study builds on research conducted in 2008-2009, we will share how the future of reward strategies, programs and practices have changed as we emerge from the recession and face an economy where organization face stiff competition for market share and competent employees. This look at the future will position reward professionals anticipate what they can happen in quickly changing world.
8:30-9 a.m. - Registration, Networking & Continental Breakfast
Beverage Service will be available throughout the meeting.
8:50-9 a.m. - Welcome and Opening Remarks
9-10:30 a.m. - Presentations, Discussion & Q&A
The presenters for this Briefing are Dow Scott, Loyola University Chicago; and Tom McMullen, Hay Group.
Dow Scott, Ph.D, is a Professor of Human Resources and Employment Relations at Loyola University Chicago. Dr. Scott's applied research is frequently featured at Chicago Compensation Association Breakfast Briefings, WorldatWork Annual Conferences and in the WorldatWork Journal. He helps management establish design base pay and variable pay programs, implement shared reward programs that effectively engage employees, assess the value of reward and other HR programs, and develop compensation and HR programs to retain employees. Dr. Scott has over 100 publications which include his recent book Incentive Pay: Creating a Competitive Advantage. He is member of CCA's Board.
Tom McMullen is Vice President and North American Reward Leader based in Chicago and is accountable for guiding Hay Group's reward innovation, thought leadership, and capability development initiatives. His client consulting work focuses primarily on total reward program design, including reward strategy development, incentive plan design, linking reward and performance management systems, job evaluation and organization structure analysis. Tom holds a B.S. degree in Mathematics and a Masters degree in Business Administration from the University of Louisville.
Registration and Price
New for this Briefing - webinar participation available. See below for details.
Select the registration link at the bottom of this page for online registration. If you cannot attend in person, limited (20 registrants) webinar attendance through Microsoft LiveMeeting registration is available for this event. *Non-member registration to attend the meeting live includes CCA membership for one year and free admittance to this Breakfast Briefing. Briefing price is:
- $50 for CCA Members
- $80 for Non-Members*
- $25 for Students
- $35 for CCA Members - Webinar (Microsoft LiveMeeting) Only Registration
- $50 for Non-Members - Webinar (Microsoft LiveMeeting) Only Registration
- $20 for Students - Webinar (Microsoft LiveMeeting) Only Registration
Recertification Approved"Reward Next Practices - A Look Into the Future" has been approved for recertification credit for the Certified Executive Compensation Professional (CECP™), Certified Compensation Professional (CCP®), Certified Benefits Professional® (CBP), Global Remuneration Professional (GRP®), Work-Life Certified Professional (WLCP®) and Certified Sales Compensation Professional (CSCP™) designations granted by WorldatWork Society of Certified Professionals. Please note that the CECP and CSCP designations require a minimum number of credits from executive and sales compensation-related activities. For more information on recertification, visit the WorldatWork Society recertification webpage at www.worldatworksociety.org/recertification.