Opinion – Page 9
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OpinionDavid Sinclair: Employers need to consider pick and mix reward strategies
Unless employers reconsider their workforce planning in the light of population ageing, they will face substantial personnel and skills shortages in future years. There are 9.2 million workers in the UK over the age of 50, many of whom will leave work permanently over the next 15 years, taking their ...
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OpinionCharles Cotton: Employees need to make informed decisions
Paternalism has become somewhat of a pejorative term in HR. It commonly refers to the slightly patronising attitude that the manager knows best what their employees should have in terms of workplace benefits. Such an approach reminds me of the TV series Downton Abbey, where those living upstairs feel a ...
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OpinionDr Valeriya Vitkova: HR involvement is key in mergers and acquisition deals
HR-related issues can be the primary cause of failure for many merger and acquisition (M&A) deals. In fact, Cass Business School’s M&A Research Centre’s study, Successful dealmaking, published in December 2014, shows that HR involvement and key employee retention are among the main drivers of successful M&A deals.Large M&A transactions ...
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OpinionLovewell's Logic: Five generations driving reward agenda
Differing life experiences, advances in technology, shifting consumer trends and a changing economic environment mean each of these generations will have very different expectations of their employer.Listening to employers’ experiences while at the Summit, it became clear that this is having a fundamental impact on reward. Expectations in benefits are ...
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OpinionChris Coyne: Learning to deliver total reward
My view is yes, there is something missing in most organisations from true total reward that drives performance.Whichever total reward model employers use, it is likely that it can be broken down into four blocks: base pay, variable pay, employee benefits and non-cash reward.Theory suggests investment in each of these ...
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Opinion
Kate Whateley: Total reward statements are a total success
After a staff survey at UKTV, we found a number of employees were simply not aware of the range of benefits available. Beyond the new-starter pack, induction and intranet-based information, we were not proactively highlighting our offer. So we introduced total reward statements with our annual salary review letters, which ...