Aligning retirement benefits in Latin America: Challenges, opportunities and trends in a changed business landscape
Andre Maxnuk and Evandro Oliveira
Historically, Brazil, México and Puerto Rico have had the highest prevalence of retirement plans in the Latin America and Caribbean region. However, as the economies of the region continue to develop, the population ages and the war for talent becomes more widespread, many organizations are considering the implementation of pension plans in other countries in the region as a mechanism for both attraction and retention. This brings new challenges to multinationals and multilatinas regarding how they should align local practices with corporate guidelines, given the significant cultural, economic and legislative differences within the region.
In this session, you will have the opportunity to learn about new trends for retirement plans in the region and how to develop plan solutions that align with corporate guidelines. We will also discuss how the economic downturn has affected retirement plans, how local social security and severance benefits are affecting pension design and what proposals have been drafted to support employee mobility.
Pay for results: Aligning executive compensation with business performance
Martín Ibañez-Frocham
Latin American companies are working harder than ever to get the “pay for results” equation right. Organizations are being forced as never before to defend their performance-measurement practices and to ensure that their remuneration programs are equitable for all stakeholders.
In this session, we will discuss a range of topics, including selection of appropriate metrics, target setting, probability assessment of outcomes and the calibration of remuneration to ensure that pay is commensurate with results. A number of client case studies from around the region will be presented to provide some real-life examples of how companies in Latin America are addressing this critical talent issue.
Regional benefits management: Why organizations in Latin America and the Caribbean should consider a regional approach to managing their benefits programs
Robyn Cameron and Andres Guzman
Multinational companies often struggle with managing the plethora of insured employee benefit plans they provide around the world. For many, this means that significant money is being left on the table; for others, it results in concerns over whether plans are being effectively governed and managed.
In this session, we will outline the reasons why many companies are taking a more centralized approach to the management of their benefit programs both regionally and globally, how this can be achieved effectively, and the advantages that can be derived from such an approach.
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