All articles by Louise Farrand – Page 5
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Analysis
How does a reward strategy evolve while an organisation grows at pace?
Need to knowWhen an organisation grows quickly, preserving the culture and benefits offering can pose a challenge.Asking employees what they want can help organisations to develop their benefits package to support their continued growth.Employers can consider ways to upscale the more informal benefits staff receive when they are part of ...
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Case Studies
TalkTalk gets the message across on total reward
Telecommunications organisation TalkTalk introduced a total reward strategy in 2011. As part of the exercise, it introduced banding to achieve clarity and alignment across different sections of employeesSam Kirk, reward director at TalkTalk, says: “We brought all our benefits together at the same time and with great visibility. It helps ...
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Analysis
How to build a 21st-century total reward strategy
Need to know:Lifting total reward off the page and making it meaningful is an ongoing challenge for reward managers.A total reward strategy is a great way to attract and retain a talented workforce. But it is important to make sure that all benefits are included.When employees understand the value of ...
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Case Studies
Centrica considers whole family experience to support carers
Utility firm Centrica, which owns British Gas, is one pioneer in the field of eldercare.Alison Hughes, Centrica’s head of HR policy and diversity, says: “Historically, we had a family leave policy that was focused on childcare: maternity and paternity.”While still focused on making parents’ lives easier, Centrica decided to look ...
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Analysis
Caring benefits for a multi-generational workforce
Need to know:Societal changes, especially the ageing workforce, means supporting working carers is a key issue for employers.Employers should take stock of caring requirements within their organisations to ensure staff receive relevant and valuable support.Well-tailored benefits packages could help an organisation to win the race to hire and retain talented ...
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Case Studies
Knight Harwood embraces auto-escalation
Construction firm Knight Harwood’s group personal pension scheme started with a contribution basis of 3% and 3% and introduced the concept of auto-escalation, through what it calls the Pension Increase Pledge (Pip). This gives members the option to commit to increase their pension savings by 1% each year for a ...
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Analysis
How can behavioural science engage employees with workplace savings?
Need to know:Small changes can make a big difference when it comes to engaging employees with workplace savings schemes.Behavioural science is all about working with people’s natural habits, instead of against them.Left alone, savers can struggle to imagine their future selves. There are many smart ways to help them overcome ...
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