|Day & Time:||Monday, Sept. 26 11:00 AM - 11:50 AM|
Human Resource Leadership
Starting in 2013, Amtrak began a journey to change from a benefits centric employee value proposition, to a pay for performance platform integrated with talent management. Phase One of the effort resulted in $1.3B in savings associated with retiree medical liability and $280MM savings in pension liability.
Phase Two resulted in an additional $655MM balance sheet improvement over 5 years. Now, Amtrak offers a market competitive Total Rewards platform leveraging a defined contribution approach with more predictable costs and significant investment in learning, development and career growth.