PARC Strategic Reward Skills Masterclass
10 - 11 June 2020
Day 1: 9.00 – 17.00 | Day 2: 9.00 – 15.00
Following the success and popularity of previous PARC Strategic Reward Skills Masterclasses, we are including a further, two-day programme in our 2020 schedule. This will be our 5th annual masterclass and each year we evolve the content and format to ensure continued relevance and value for those attending.
This Masterclass is aimed both at prime succession candidates to current Heads of Reward in major listed companies, and also at aspiring or newly-promoted corporate HR directors, who need to develop a more strategically focused set of reward skills. Attendees particularly value our simulated Rem Co session, focused on the interface role with the Remuneration Committee and Main Board.
The content of the Masterclass is founded on those areas most frequently reported by Rem Co Chairs as essential to effective performance as the Group HR Director or Head of Reward in major companies.
Our proprietary content encompasses:
• The ability to develop a ‘grounded’ reward strategy – aligned with business strategy.
• The ability to review/assess and contribute to Rem Co effectiveness.
• The ability to review/assess the effectiveness of long-term incentive arrangements – and develop clear alignment to sustainable, long-term performance.
• The ability to design/conduct a risk audit of reward.
Prior to attendance, delegates will be asked to review their organisation’s strategic business objectives, including as outlined in the annual report and to assess the alignment between these objectives and their organisation’s:
a) approach to talent strategy
b) reward values and principles
c) major group-wide reward plans
It is important that anyone nominated to attend the programme will have the opportunity to discuss their organisation’s strategic business objectives (and performance model) with relevant members of senior management. Under the guidance of the nominating PARC member, each attendee should be set clear actionable objectives linked to the programme deliverables which they can share in a pre-masterclass discussion with a member of the PARC team. Each nominating PARC member and nominee will have a discussion with a member of the PARC team at least three weeks before the Masterclass.
The first day will be followed by dinner.