The PARC 2024 Programme
While we hope 2023 will turn out to have been less tumultuous than the decade’s earlier years, it could be viewed as the year in which the recognition finally set in that the world had changed. It has now conclusively moved from an ‘Era of Markets’ (typified by deregulation, capitalism, and globalisation) that prevailed from 1989 to 2019 to an Age of Dislocation and Uncertainty.
Geopolitical instability has seen governments prioritising national security over global trade and a renewed appetite for levels of state intervention not seen in the ‘West’ since the 1970s. Given the challenges facing most economies, it is likely that this has set the tone for government policy over this coming decade. Elections are due in the US, the UK and for the European Parliament in 2024, but the new consensus on trade and security makes it look unlikely that any government will change course significantly.
Many of the challenges faced by governments and companies will be novel and unfamiliar. More frequent climate events, the transition to Net Zero, shrinking working-age populations and the resulting competition for skills and resources have stretched the creativity and responsiveness of governments and businesses, and will continue to do so. Some economists predict the return of labour power and the rise of the ‘labour share’ of GDP. The effect of this is likely to be uneven. High demand has already raised pay levels in some sectors and may lead to greater inequality of earnings at a time of slowing economic growth. This will inevitably increase the focus on transparency of pay, and on the effective management and development of people. It will be the task of HR and Reward professionals to develop organisations with the strategic capability to anticipate and shape the future.
PARC continues to provide an essential forum for networking, peer exchange, and leading research as we focus on the forces shaping our world and their implications for HR Directors, Heads of Reward and other senior business leaders. Our events provide critical support in helping members to scan, understand and respond to the challenges of our complex global business environment.
For more information and detail on the events included in the Programme, follow the links below. If you would like to hear more on PARC membership, or would be interested to attend an event as a guest of SD, please get in touch with one of the SD Team.
The PARC 2024 Events and Research Programme
Look Back / Look Forward Legal Review, 17 January, Online only
Peer Exchange 1: Bonus and LTIPs, 31 January, Online only
Industrial Strategy in the 21st Century – Preparing Business for the New Economy, 22 February, London and Online, with Research
Peer Exchange 2: Topic TBC, 13 March, London only
Getting to Net Zero: the Role of Reward, 24 April, London and Online, with Research
Legal Update, 8 May, Online only
Strategic Reward Skills Masterclass, 14-15 May, Two-day Residential Programme, Windsor
Peer Exchange 3: Topic TBC, 29 May, Online only
Reform of Executive Reward, 19 June, London and Online, with Research
AGM Season: Trends in Renumeration Disclosures, 3 July, London only
Peer Exchange 4: Topic TBC, 11 September, London only
Remuneration Committee Effectiveness, 25 September, London and Online, with Research
Applications and Implications of Emerging Technology, 7-9 October, Three-day International Conference, Malta and Online
Pay Transparency, 16 October, London only
Reward Leaders’ Round Table, 7-8 November, Surrey only
Global Economic Outlook for 2025 and Beyond, 13 November, Online only
Speaker and 2025 Programme Launch, 4 December, London only