Differences in Rewards between Europe and the United States

In this episode Jon is chatting with Søren Mieritz Anderson, a seasoned Global Reward Director, who has worked in both European-based and US-based global companies and subsidiaries. In the interview, they reflect on the various differences there are in the ways we work with Rewards on each side of the pond, and they also touch upon some of the implications of and experiences with pay transparency regulations and company policies.Spoiler alert: Søren starts by reflecting on the birth of the Rewards discipline in the Nordics and his own road to our nerdy niche field. He then goes on to discuss some of the key differences of working with compensation and benefits in a European setting vs. an American setting, incl. the role of healthcare benefits and taxation. This leads our two Reward Nerds into a talk about Total Reward Statements and the impact of a strong brand on attraction and retention. We are also pampered with a short reflection on new ways of working with Global Rewards in the age of zoom calls and hybrid work models and a longer talk about pay equity, pay transparency and the role of unions and collective bargaining agreements. Søren shares his insights on how to work with varying degrees of transparency requirements across states and before the interview concludes they briefly return to the role of taxes in pay setting and how sales compensation is its own unique discipline. Hosted on Acast. See acast.com/privacy for more information.