Considerations for Your Total Rewards Strategy in Response to COVID-19

Colleague-floor.jpgEvery business is feeling the impact of the COVID-19. This unprecedented global pandemic is disrupting supply chains, consumer spending, business productivity, employee well-being — and the foundations of the way we work. While companies are responding to the day-to-day challenges of this crisis, executives and HR leaders should also be thinking about how to proactively adjust their total rewards strategy for the year ahead.

This article describes some of the top concerns leaders should consider in this area, including employee communication, short-term assistance actions, sick leave policies, remote working policies, sales compensation, underwater equity awards, and annual incentive plan adjustments.

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