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How global companies redefined expat compensation

Overseas assignments are multiplying as demand for special skills, extensive network abroad and flexibility continues to grow. While this generally presents a significant opportunity for highly motivated individuals, they remain selective when it comes to benefits packages.

Thus, companies are redesigning their compensation strategies and recruitment style. Workforce Mobility Interactive 2016, through its esteemed speakers, will introduce new principles in reinventing international compensation and benefits.

Taking place in Hong Kong, Kuala Lumpur and Singapore in February 2016, Workforce Mobility Interactive is an exclusive invitation-only conference open to director and VP-level HR professionals and senior mobility specialists from global and multinational companies.

“Expatriate staffing, from compensation considerations to cultural immersions, is not an easy task for HR and mobility professionals because of many factors like costs and compliance,” said Aditi Sharma Kalra, regional editor of Human Resources magazine.

“Industry leaders attending the Workplace Mobility Interactive 2016 will examine the different issues affecting leadership decisions and company operations involved in expatriate management.”

Workforce Mobility Interactive 2016 will address issues the HR community has found to be the most pressing for HR practitioners in Asia. Here is how one of the topics, international compensation & benefits, will be presented at the event.

In a panel session, speakers will demonstrate how to craft compensation policies that can simultaneously reinforce business objectives and attract and retain the right talent. They will look into various alternatives to long-term assignments and full expatriation packages as well as the regulatory challenges of managing global and local compliance.

Comprising the panel are Rahima Ibrahim, senior vice president of human resources at Siemens, Ahmad Fauzi Yahya, regional human resources head for Asia, Oceania, Middle East & Africa at Nestlé Professional and Chandralakshmi Thiruchelvam, director compensation and benefits for Asia at Western Digital.

ALSO READ: Ericsson and Avery Dennison solve talent mobility riddles

Another panel will lay down different principles of facilitating cost reduction while dealing with increasing demands and expectations of assignees. Speakers will recommend ways on how to address challenges that could impact the deployment and management of mobile talent in the future.

This panel is composed of Sanjay Ray, global head rewards for performance management & operations at AET, Ian Johnson, senior vice president of client development for EMEA and APAC at Brookfield Global Relocation Services, Rita Chye, global mobility lead for policy & administration at General Motors Company, and Tarun Gulrajani, human resources head for Asia & Pacific at REHAU.

During one of the interactive sessions, delegates can get expert insights on how to strike a balance between assignee expectations and cost concerns and how to address complexities of remuneration and incentives for global employees. Another critical issue that will be raised is the localisation of compensation packages.

“Managing global talent becomes less challenging when organisations know and respond to what causes satisfaction among expatriates,” said Shivon Gunalan, regional producer at Human Resources magazine.

“To collect the right perspectives, Workforce Mobility Asia will set interactive sessions to create a more open exchange of viewpoints and strategies.”

To be held in Hong Kong, Kuala Lumpur and Singapore in February 2016, Workforce Mobility Interactive is Asia’s only regional conference on staff mobility and expatriate management strategy. Attendance to the one-day annual event is strictly by invitation only with invitations reserved for senior in-house HR professionals. Attendance is capped at 100 delegates.

Workforce Mobility Interactive 2016 focuses on the most pressing issues pertinent to mobility and expatriate management such as international compensation & benefits, global talent management, return on investment, and regulatory compliance as well as risks and opportunities in dealing with an evolving intergenerational and diverse global workforce. To get a global and Pan-Asian regional view of staff mobility and expatriate management strategy, do not miss Workforce Mobility Interactive 2016.

Human Resources’ “Interactive-style” conference format is a unique blend of case study presentations, panel discussions and roundtable discussions in which delegates work through five topic areas in a single day – an experience described by attendees as eight hours of intense peer learning.

Senior HR managers and mobility specialists interested in participating in Workforce Mobility Interactive can visit the event website www.workforcemobility.asia or call the following members of the Human Resources magazine team:

-       For Hong Kong: Evon Yew, Regional Producer, evony@humanresourcesonline.net, +65 6423 0329

-       For Kuala Lumpur: Shivon Gunalan, Regional Producer, shivong@humanresourcesonline.net, +65 6423 0329

-       For Singapore: Sharissa Chan, Regional Producer, sharissac@humanresourcesonline.net, +65 6423 0329

Follow us on Telegram and on Instagram @humanresourcesonline for all the latest HR and manpower news from around the region!

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