Jerene Ang speaks to five HR leaders from Dell, KMU Eiscon Holding, Mölnlycke, Mondelez, and Siemens, to uncover how total rewards programmes can be tweaked to support and motivate staff through this tough period, and what C&B will look like as we emerge into a new normal.
We’re living in unprecedented times. The pandemic is expected to plunge the global economy into one of the worst recessions since World War II. This economic climate has seen companies freeze hiring and salaries, with some even having to resort to layoffs to keep their business afloat.
On top of that, because of the lockdowns across the world, many organisations have been forced to adopt remote working. According to Cigna’s COVID-19 Global Impact Study, working from home continues to be an option for 60% of respondents, with 97% of those who have this option saying it is something they always or occasionally make use of. Additionally, nearly one quarter (22%) said they wanted to work from an office no more than 20% of the time.
During these times where the world of work is changing more dramatically than ever before, a good total rewards strategy has never been more essential in keeping employee morale high and ensuring they feel supported.
Hence, in this feature, we interview five HR leaders across APAC to find out how total rewards programmes have been tweaked to better support and motivate staff through this tough period, and what the rewards landscape will look like as we emerge into a new normal. Read the Q&As in the following pages.
How Dell Technologies adjusted its total rewards programme to support employee wellbeing
Since early in the pandemic, the leadership team has regularly communicated with employees and was fully transparent about decisions made, says Samprita Majumder, Global Benefits – APJ Leader, Dell Technologies.
Special recognition programmes, extended insurance coverage, and more, at Mölnlycke Health Care
Our associates always remember how companies and their managers treat them, even more so when the times are difficult, says Cheeman Mendonca, HR Business Partner – APAC, EMEA Growth & LATAM, Mölnlycke Health Care.
How Mondelēz leveraged on total rewards to build a winning growth culture amid the pandemic
Richard Stone, HR Director, Southeast Asia at Mondelēz International, gives examples of how the firm leveraged on total rewards to double down on its efforts to build a winning growth culture amid COVID-19.
‘Thank you’ cards and appreciation points: How Siemens plans to keep morale high during tough times
With less face-to-face meetings due to COVID-19, it is all the more important to reward and recognise good performance, says Michael Haberzettl, Head of HR, Siemens ASEAN.
From ‘people and culture governor’ to ‘people wellbeing nurturer’: How HR’s role will evolve as we emerge into a new normal
Dr Loo Leap Han, Head of Group Human Resources and Administration, KMU Eiscon Holding, shares his vision of the new normal as well as the three key ways HR’s role will evolve in line with it.
Lead image / 123RF