There are various practices in managing compensation programs across multiple geographic locations. On one end of the spectrum are organizations who leave the management of compensation up to local operations. At the other end are organizations who have a consistent reward philosophy, compensation program designs, administrative processes and governance structures. This course will provide a review of the considerations and trade-offs in managing compensation across locations and is ideal for practitioners in the U.S. and Canada.
Participants will gain an understanding of the key philosophic and design questions involved in managing pay across geographic locations. They will explore different governance models and their benefits and tradeoffs, and review what criteria are considered in establishing a multi-geography pay program.
You’ll learn:
- Key strategic considerations in the development of the compensation program.
- Key design considerations covering market pricing, job leveling, structure development, use of geographic differentials and more.
- Key governance considerations including the role of leadership, HR and line management in the ongoing administration of the program.
- How to evaluate the program’s effectiveness?
Gain the clarity and confidence you need to manage compensation across multiple locations. Watch the session today!
Originally recorded on May 30, 2018.
Tom McMullen is Senior Client Partner and Global Total Rewards Leader at Korn Ferry, where he leads the firm’s global Total Rewards research, thought leadership, and go-to-market strategy. His client focus centers on Total Rewards strategy and design, work architecture, performance management and organizational effectiveness. He also leads Korn Ferry’s U.S. pay equity and transparency practice.
Tom has been a WorldatWork faculty member since 2018 and is a frequent author and speaker on Total Rewards and organization effectiveness. His insights have been featured in numerous industry forums and publications. He holds the WorldatWork Certified Compensation Professional (CCP®), Global Remuneration Professional (GRP®), Certified Sales Compensation Professional (CSCP®), Certified Executive Compensation Professional (CECP®) and Certified Benefits Professional (CBP®) credentials.
With a BS in Mathematics and an MBA from the University of Louisville, he has served on the WorldatWork Compensation Advisory Board, the Chicago Compensation Association, the HR.com Reward Advisory Board, and the editorial advisory board for Compensation and Benefits Review.
