Over 150 HR professionals discussed the latest talent and reward trends in the UAE at an event in Dubai, UAE organised by global consulting leader Mercer to launch its annual Total Remuneration Survey (TRS).

A key topic of interest at this year’s event was the future of performance management.

Moderated by Mercer, a wholly owned subsidiary of Marsh & McLennan Companies, Coca-Cola and Siemens presented a panel discussion focused on the effectiveness of traditional management systems and how to best evaluate employee performance for the benefit of the individual and the organisation.

Nuno Gomes, head of Career MENAT (Mena, Turkey) said: “We are delighted today to bring so many distinguished HR professionals together to discuss the trends that will shape the future of work.

“In the midst of unprecedented change and transformation, it is no longer enough for businesses to survive; they must thrive. So how do we ensure we are ready to thrive? The answer may very well lie in successful performance management, as organizations begin to leave behind traditional models and adopt future oriented talent programmes.”

Panel participant Jia Gay, director of Human Resources at Coca-Cola, Mena, discussed the importance of moving away from traditional review models to ensure employers are getting the best from their employees.

“We implemented a new performance management system at Coca-Cola last year to mobilize our people around the work that matters. Although we are still on a journey to modernize our routines, we are already seeing changes that help drive performance and growth,” said Gay.

Hosted annually, TRS provides comprehensive market data on compensation and benefits for jobs across industries. The 2018 TRS UAE Survey is being launched now and will include input from over 500 organizations operating in the country. The results will be released in September.

The TRS launch events are taking place across the Middle East region including the UAE, Saudi Arabia, Jordan, Egypt, Lebanon and Kuwait. – TradeArabia News Service