All Total reward articles – Page 111
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ArticleThree-quarters of employees want a more tailored benefits package
Approximately three-quarters (73%) of employees want a more tailored benefits package, according to research by build-to-rent organisation Get Living.Its survey of 2,000 UK employees also found that 48% of respondents would leave their current job for one with better perks, while 7% are willing to take a pay cut in ...
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AnalysisHow can employers use reward and benefits to address sustainability?
Need to know:Employers need a strategic and holistic approach when addressing sustainability; this should align with organisational values and corporate social responsibility.Intrinsic rewards can often be more motivational than extrinsic, as part of a recognition programme based around sustainability.Employees’ personal values and objectives should feed into the organisation’s overall approach ...
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Case StudiesInvestec aims to address sustainability within its wellbeing strategy
In order to explore how sustainability can be incorporated into a wider wellbeing strategy, financial services organisation Investec is testing the waters with an employer-paid cycling scheme.Investec, which has 3,200 employees across 16 operating sites in the UK, is looking to roll out an organisation-wide, employer-paid cycling scheme in February ...
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ArticleCoffin Mew to introduce new employee proposition for 220 staff
Regional law firm Coffin Mew is to introduce a range of new employee benefits and workplace initiatives from April 2019 as part of its talent attraction and retention strategy.The new proposition, which is particularly focused on tackling gender equality and agile working, has been designed to align with the firm's ...
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ArticleEXCLUSIVE: Siemens to discuss future-focused reward at Employee Benefits Connect
EXCLUSIVE: Heike Avramovic, head of reward and policy at global technology organisation Siemens, will share insights on how the organisation has tailored its reward approach to accommodate the future of work at Employee Benefits Connect 2019.The session, titled 'Rethinking rewards for the future of work', will form part of the ...
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AnalysisThe bigger picture: Total reward in numbers
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ArticleThe top 10 most read stories: 17-23 January 2019
The top 10 most read stories on www.employeebenefits.co.uk between 17 and 23 January 2019 were: Havas opens wellness lounge for 2,000 London-based employeesFarnell Clarke to launch six-hour working days and unlimited holidayNomura International and Adidas UK named Britain's healthiest workplacesAccenture and Transport for London recognised as top workplaces for maternity ...
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AnalysisHow can employers benchmark their total reward strategy?
Need to know:Benchmarking beyond quantitative pay figures can prove difficult, but employers need to consider a wide range of elements when measuring the success of their total reward package.External comparisons are important, but canvassing internal employee opinion is also integral when deciding on changes and shaping strategy.When updating a total ...
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Case StudiesZurich uses benchmarking as basis for new reward proposition
Insurance organisation Zurich employs around 5,000 people in the UK. Towards the end of 2016, it decided the time had come to refresh its reward package.Jo Burton, UK employee benefits manager at Zurich, explains: “We’d offered flexible benefits for many years, but had never really changed what we offered, so ...
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OpinionScott Cawood: Know the organisation before benchmarking total reward
How do top performing organisations attract the absolute best talent? It is never just the number on a pay stub; instead, the answer is complex and multi-layered.In a competitive employment market, it is critical to benchmark reward. This means not only looking outward at the rewards offered by competitors, but, ...
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ArticleStobart Energy appoints Stephens
UK biomass fuel provider Stobart Energy has appointed Sara Stephens as its head of people.In this newly created role, Stephens will implement structures to help the organisation deliver on its strategic goals, while keeping employees at the heart of the business. This is to align with Stobart Energy's commitment to ...
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Case StudiesPrezzybox adopts holistic approach to total reward
Since its launch in 2000, online gift retailer Prezzybox has taken a holistic approach to reward, believing that culture and working environment are as important as traditional benefits.Zak Edwards, managing director at Prezzybox, says: “Too many employers see fiscal rewards as the be all and end all, which is shortsighted. ...
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AnalysisHow to tailor a total reward proposition for a modern workforce
Need to know:A successful total reward proposition should reflect employee needs on an individual basis, rather than simply being segmented by demographics such as age.An employer's core culture and values should underpin and align with its total reward strategy.A social contract can help build transparency, ensuring that employees know what ...
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OpinionPhil Sproston: How can total reward strategies help create top employers?
Total reward strategies have come to be highly effective weapons for many top employers in the UK. To understand why, it is important to break down the words themselves.Organisations are becoming increasingly broad in their perspective regarding what reward really means, and so the word 'total' is key. While 'reward' ...
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ArticleEmployee Benefits Awards 2019 entries given final deadline extension
HR, reward and benefits professionals now have a final chance to put their organisations forward for recognition at the Employee Benefits Awards 2019, following a final deadline extension to Wednesday 23 January 2019 at 5pm.The annual Employee Benefits Awards, in association with Aon, recognise innovation and best practice in the ...
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ArticleKavitha Sivasubramaniam: Looking beyond traditional pay and benefits
As our Total Reward Week, in association with Aon Employee Benefits, draws to a close, it is time to reflect on some of the trends and issues currently shaping this area of the benefits market.There is no doubt that a clear and comprehensive reward strategy can have a significant positive ...
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AnalysisTotal reward trends: What will shape benefits in 2019 and beyond?
Need to know:Flexible working continues to be a top trend for 2019, as work-life balance remains a key priority for employees.Technology can help create the consumer-based experience that employees increasingly expect from their interactions with benefits packages.Employers must take into account changing attitudes to career trajectories, and the presence of ...
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OpinionRichard Morgan: EVP should meet the needs of a multi-generational workforce
With factors such as technology and employee demographics reshaping the workplace, businesses are changing rapidly. Thanks to the removal of the default retirement age, employees are staying in work for longer, with some organisations now boasting workforces spanning five generations.While there are numerous benefits, such as greater diversity and more ...
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Case StudiesBromford uses trust-based working as foundation for holistic reward package
Affordable housing social enterprise Bromford uses a holistic benefits package to empower its 1,800 employees to plan for the future, as well as looking after their health, finances and work-life balance in the present.A key element of this approach is the organisation's commitment to allowing its workforce, which includes field ...
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OpinionJohn Forth: How have total reward trends developed?
A major feature of the reward landscape in recent years has been the prolonged period of wage stagnation; according to Employee earnings in the UK: 2018, published by the Office for National Statistics (ONS) in October 2018, average wages are still below levels recorded in 2008, after adjusting for inflation.As ...