Impact of COVID–19 on 2020/2021 Compensation Strategies
As American organizations and business are addressing the re-opening phase of the Covid-19 pandemic, it is important to take a hard look at current total reward strategies and what changes may be required moving forward. How we have compensated and rewarded in the most recent past may no longer be applicable to the workforce returning from a remote working environment.
This presentation will be exploring current “Pulse” surveys regarding thinking towards total reward strategies going forward. In addition, the presentation will provide ideas for consideration in the “re-tooling” of total rewards strategies going forward.
Michael F. Maciekowich is a National Director for Astron Solutions. His areas of expertise include the development, design, and implementation of executive, physician, and employee base pay systems, short- and long-term incentive programs, sales incentive programs, and performance management systems in all industries. Michael has over 40 years of consulting and industry compensation experience. Prior to Astron, Michael worked for numerous consulting firms such as The Hay Group, Towers Watson, Adams, Nash & Haskell, and the Omni Group.
He began his career in 1978 at Zenith Electronics, continuing his career at Honeywell and the American Hospital Association before moving into consulting. Michael is a sought-after speaker in total rewards program design. He has presented to numerous local ASHHRA and SHRM chapters. His topics include current trends in compensation program design, design and utilization of gamification strategies in employee engagement, creative performance management program design, customer satisfaction driven rewards systems, and Compensation 101 for Beginners. Michael is an active member of WorldatWork, the American Society of Healthcare Human Resource Administration, and the Society for Human Resource Management.
He is also a member of various local and state human resource associations across the country. Michael received a lifetime achievement award from WorldatWork. Michael received bachelor’s degrees in political science and philosophy from Loyola University of Chicago and a master’s degree in industrial relations, from the Quinlan School of Business of Loyola University of Chicago.
This session has been approved for SHRM Professional Development Credits (PDCs) and HRCI re-certification credits.