Pre-Forum Workshop
Pre-Forum Workshop A - Sunday, 8 June 2008
How Your Reward Management System Can Promote Increased Retention
Facilitated by: Hay Group, UAE
Organisations like yours are shelling out high salaries and signing bonuses just to get qualified, experienced people in the door. It’s a very competitive labour market in the region right now and there’s a shortage of skills and experience. You are also paying a premium for GCC Nationals to meet government targets and societal expectations. Once you’ve got them in the door, and the initial satisfaction with the basic salary has worn off, you need to know how to keep your employees from walking out.
The revolving door of staff joining and leaving is discouraging. It affects the morale of people who remain, but it also, in many cases, can be dangerous (think oil and gas, healthcare).
During this workshop you will explore how various remuneration strategies can help you deal with the challenges of retaining staff in a competitive environment.
Discover how to make sure your reward and recognition programmes:
As this is a workshop there will be many opportunities to interact with other delegates and establish relationships that will add value to your own network.
Topics to be covered will include:
• Increasing complexities in market benchmarking
• Tracking and responding to market movements
• Design of short and long term incentive programmes
• How to design benefits programmes to promote retention (including flexible benefits)
• Linking reward to talent management
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Your Expert Workshop Leaders
Mark Eaton, Managing Director Middle East, Hay Group, works with senior executives to ensure that Hay Group understands their issues and can scope insightful solutions to create real business benefits. Mark leads Hay Group’s Middle East Team and is a global expert in the oil, gas, chemicals and energy sector offering clients insights and expert advice on organisation design, job evaluation, remuneration, leadership effectiveness and change management. Mark has worked for Hay Group for 17 years and has consulted with major companies including Dow Chemical, Total, SABIC, ADNOC, Kuwait Petroleum Corporation, Qatar Petroleum, RasGas and Saudi Electricity. He holds a BA (Hons), MA and PhD in Natural Sciences from the University of Cambridge, UK.
Jon Dymond is Executive Remuneration Specialist, Europe and Middle East Region for the Hay Group. His expertise lies in the areas of executive and strategic reward and he advises organisations on how best to structure reward to motivate executives to deliver strategy. During his time with Hay Group he has worked with major companies including Carpetright and Hammerson in the UK, Carrefour in France, L’Azurde in Saudi Arabia, Celtel International in the Netherlands and Rosinter in Russia. Prior to joining Hay Group, Jon was Principal Consultant and Head of Marketing at Halliwell Consulting, having previously worked for SCA Consulting (now part of Mercer HR) and as a strategy consultant. Jon has an MA in History from the University of Cambridge.
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