Analysis – Page 7
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AnalysisDefining and demystifying total reward
If you read nothing else, read this…Total reward includes all elements of financial compensation and all benefits, such as healthcare and pensions, as well as the working environment and staff training and development.An understanding of everything they get for working for an organisation can boost staff engagement and motivation.Better communication ...
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AnalysisTop five ways to create an engaging total reward statement
If you read nothing else read this…Employers should choose a suitable method of accessibility of total reward statement (TRS) to engage employees.Personalised content can help make a TRS engaging.Line managers can help communicate details in the statement.Employers can use total reward statements (TRSs) as a way of helping employees gain ...
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AnalysisWhy employers are transforming specialist reward and pensions staff into benefits generalists
If you read nothing else, read this…Many employers are replacing benefits specialists with generalists.The shift from defined benefit to defined contribution pension schemes is a driving factor.Benefits professionals can broaden their knowledge base by attending conferences and networking with industry peers.Not only did the specialist fear the learning curve involved ...
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AnalysisIs total reward dead?
If you read nothing else, read this…The relevance of total reward is in doubt because of continued downward pressure on pay. Employers need to focus on better use of data and evidence.Organisations should engage with staff of all generations to find out which benefits they actually want and value. Total ...
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AnalysisTalent wars: How to use reward effectively
If you read nothing else, read this…Skills shortages are back on the agenda, with engineering and technology among those in demand.Businesses are again looking at how they can attract top talent, tailoring their offerings to suit their target employee base.Organisations are increasingly looking to benchmark how their total reward proposition ...
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AnalysisRedesigning an employee value proposition in today's economic climate
If you read nothing else, read this…Regardless of what it offers, an employee value proposition (EVP) must be authentic and true to an organisation’s brand and culture if it is to attract today’s talent.A compelling EVP is less about pay and financial reward, and more about workplace culture, work-life balance ...
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AnalysisWhat is reward strategy?
Valuable insights can come from unexpected sources. For example, in Lewis Caroll’s Alice’s Adventures in Wonderland we have the following discussion between Alice and the Cheshire cat: Alice: ‘Would you tell me, please, which way I ought to go from here?’ The cat: ‘That depends a good deal on where ...
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AnalysisTop tips on total reward statements
If you read nothing else, read this…Employers must be sure of their reasons for using total reward statements (TRS) and how they should be sent out.Statements can be tailored to groups of employees or individuals.Any errors in a statement can undermine an employer’s hard work.Pay rises are few and far ...