Sparring & Survey Results | Total Reward Market Positioning

The meeting will focused on discussing the survey outcome underpinning next steps for market positioning strategy for Friesland Campina.  The so-called Quick Survey has been conducted in co-creation with Rumbold. Key topics include the principles and criteria for determining market positioning, benchmarking practices, percentile application, segmentation and differentiation, and readiness for the EU Pay Transparency Directive.

Participants will share insights and reflections on these topics, aiming to standardize the global market positioning framework and improve transparency and reward practices across different regions.

• Standardize Market Positioning Framework: Implement a consistent global market positioning framework across all countries to ensure alignment and transparency. This is crucial for maintaining a competitive edge and ensuring fair practices
• Focus on Segmentation and Differentiation: Streamline the approach to segmentation and differentiation for critical roles and functions. This will help in attracting and retaining key talent and aligning with business strategy
• Enhance Communication Strategies: Develop and implement effective communication strategies to inform management, employees, and external stakeholders about pay transparency and market positioning efforts
• Accelerate Transparency Journey: Prioritize transparency in hiring, job evaluations, and salary bands to comply with the EU Pay Transparency Directive and promote fair practices
• Survey Insights Sharing: Share the survey insights and results with forum participants to ensure that all stakeholders are informed and aligned with the market positioning strategy

These key takeaways are AI generated and are based on content of the meeting and subsequent survey only