COVID-19 Spot Survey: Implications on Total Rewards Programs
KPMG recently polled nearly 100 global professionals in human resources, compensation and benefits, global mobility and tax regarding the impact of the global COVID-19 challenges on their organization’s total rewards programs. Respondents represented over 30 different industries globally. Following are some of the survey findings:
- In terms of COVID-19 related support to employees, just over half (51%) confirmed that they were tailoring support services, expense coverage, etc., by country and/or job roles/responsibility and/or specific individual needs.
- For organizations with employees based outside of the United States, 70 percent reported that they are fully aware of these countries’ social programs for workers on unpaid leave.
- There was a clear 50/50 split between organizations having a written Work from Home (WFH) policy and those not having WFH policies, with just under a half (44%) confirming they are making changes to their WFH policies based on COVID-19 needs.
- 62 percent are not contemplating any changes to bonus plan performance metrics at this time.
COVID-19 Survey Report
Access here