ORC Networks

Global Reward Meeting Group

Next Meeting: 10 July 2008, in London
Agenda

The Global Reward Meeting Group is a network of reward/remuneration managers in multinational organisations that have headquarters or regional offices in Europe. At meetings held in London three times a year, members get the opportunity to focus exclusively on UK and European compensation strategies associated with salary and short-term and long-term incentives; discuss remuneration related issues, such as retention strategies; and share best practices on how to maintain an effective reward system for executives. The group’s focus is on the sharing of ideas, experiences, and expertise for the purpose of developing policies and practices for the management of reward and compensation across Europe. Also the group addresses members’ requests and needs for discussion on countries outside of the European region, such as China, India, Turkey and other emerging countries.

Benefits

The Global Reward Meeting Group offers members the following benefits:

• A forum to address the global reward and compensation issues that affect policymaking decisions faced by senior reward and remuneration managers in the UK and Europe
• Facilitated ORC meetings at which members share how they handle rewards/remuneration issues, such as integrating strategies due to mergers/acquisitions, changes in reward philosophies, internal equity issues, communication vehicles and technology, and coping with changes in local taxation of long-term incentive vehicles
• Analysis of relevant UK and European laws that affect compensation
• Roundtable discussions at which members share best practices in reward/remuneration management
• Networking with your peers in a confidential setting

Services

Services are tailored to meet the changing needs of the members and currently include:

Meetings and Networking

Three annual confidential sessions facilitated by ORC.

• Network agendas are tailored to members’ current interests and needs, identified by members, and guided by a steering committee made up of members who reflect the cross industry composition of the group.
• Informal networking opportunities are built into all sessions; and, the professional relationships forged at these meetings are maintained and strengthened between meetings by both casual and structured contacts.

Information and Data

Issues on reward and remuneration are discussed and analyzed:

• Strategic issues
  • Mix of base salary and other forms of remuneration
  • Reward strategies
  • Share options and other long-term incentives
  • Rewards for high potential employees
  • Retention strategies, such as “golden handcuffs”
  • Salary increase strategies
• Practices (what is working and what is not working)
  • Performance management links to rewards
  • Trends in pay delivery initiatives
  • Salary structures (broadbands, levels, etc.)
  • UK and global job leveling (evaluations)
  • Market survey data evaluations
  • Governance issues (decision making)
  • Trends in perquisites

Membership

Membership is limited to 30 companies because the meetings are designed for members to have frank, open, and in-depth discussions, and to build trust with each other. The company representative must be:

• The top compensation or compensation and benefits executive
• Capable of speaking for the company on strategic issues
• A seasoned professional within this function

Who Should Join?

If you are a senior professional at a multinational company with responsibility for your organisation’s European or global human resources or compensation and benefits, consider joining the Global Reward Meeting Group. Contact Paul Coleman at +44 (0) 20 7591 5600 to learn more.

ORC Networks

UK Expatriate Forum

European Expatriate Policy Forum

Global Reward Meeting Group

International Social and Labour Affairs Forum

International Management and Remuneration Group

Vanguard Diversity Network [Private Sector]

Breakthrough Diversity Network [Public Sector]

Global Diversity Forum

Global Talent Management Network

European Union Health, Safety, and Environmental Forum

UAE Human Resources Network