All Total reward articles – Page 150
-
ArticleTotal reward is outdated
Total reward has served its time because it has not delivered joined-up reward strategies that are relevant to employers and employees.Martha How (pictured top), partner at Aon Employee Benefits and Duncan Brown (pictured bottom), head of the UK performance, reward and talent consulting practice at Aon Employee Benefits, will discuss ...
-
ArticleHyder Consulting launches online total reward statements
Hyder Consulting has launched online total reward statements for its 1,000 employees.The statements will be made available via the multinational design and engineering consultancy’s benefits portal HyFlex, which will give employees a summary of what the organisation provides staff.The launch of total reward statements aims to raise awareness and engagement ...
-
Article23% believe they offer above average benefits
Just under a quarter (23%) of respondents believe their organisation offers an above average benefits package for employees, according to research by ORC International. Its ORC Employee benefits monitor survey also found that 63% feel they offer benefits that are in line with their peers, while 9% feel they offer ...
-
Article
Thales awarded for total reward strategy
Thales won the award for Best total reward strategy at the Employee Benefits Awards 2014.Read why the organisation was judged to be the best in this category.The Employee Benefits Awards 2014 were held on 27 June 2014 at the Artillery Garden at the HAC London.
-
Article
John Lewis Partnership awarded for total reward statements
John Lewis Partnership won the award for Best total reward statements at the Employee Benefits Awards 2014.Read why the retailer was judged to be the best in this category.The Employee Benefits Awards 2014 were held on 27 June 2014 at the Artillery Garden at the HAC London
-
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 ...
-
Case StudiesUnilever builds global staff benefits data tool
Peter Newhouse, head of global reward at Unilever, says: “It is probably the biggest database of its kind anywhere. This is ‘always-on’ feedback.”It is now used in more than 100 countries, covering about 15,000 management staff. Unilever is currently extending it to white-collar non-management staff, with about 44,000 people now ...
-
ArticleSiemens and Asda shortlisted for total reward statements
Siemens and Unilever are among the employers that have been shortlisted for the award ‘Best total reward statements’ at the Employee Benefits Awards 2014.This award recognises employers that have successfully integrated total reward statements into their benefits communications strategy, whether the statements are online or paper-based.The full category shortlist is:Asda ...
-
ArticleDuncan Brown: Innovative rewards boost engagement and add value
How would you feel if I suggested your performance and reward management strategy for the next 12 months needs to involve a significant hike in pay levels? Career suicide for any reward professional?A number of research studies published recently suggest this might well be a sensible policy to pursue to ...
-
Article73% of EMEA employers communicate benefits to staff
Just under three-quarters (73%) of respondents in Europe, the Middle East and Africa (EMEA) actively communicate with staff about their compensation and benefits packages, according to research by Aon Hewitt.Its 2014 EMEA Employee benefits communication survey, which questioned 590 organisations across 19 countries in EMEA, including 146 UK employers, found ...
-
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 ...
-
Article
L’Oreal to launch total reward statements
EXCLUSIVE: L’Oreal is to launch total reward statements as part of the rollout of its new flexible benefits scheme.The statements, which will go live via the cosmetics and beauty organisation’s new online flexible benefits portal in March, will summarise the benefits that employees have chosen through the flex scheme, as ...
-
Article
Employee Benefits Awards celebrate total reward
Does your organisation’s benefits strategy go far beyond simply offering a package of perks to employees?The Employee Benefits Awards category ‘Best total reward strategy’ will be looking to recognise an entrant which has successfully integrated its reward offerings into a single total reward strategy.A total reward strategy can include: pay ...
-
ArticleBuyer's guide to total reward statements 2014
They can also help to engage employees in their benefits, and educate them about the value of particular perks they receive, such as a company car or pension.No benefit is too small to be included in a TRS, so enhanced maternity or paternity leave and employee assistance programmes could be ...
-
Article
London Overground launches online voluntary benefits plan
London Overground Rail Operations (LOROL) has launched an online voluntary benefits programme.The LOROL Extras website, which was rolled out on 1 August, includes telephone and online discount codes to save money on purchases, such as clothes, music and do-it-yourself items, as well as insurance policies and hotel bookings.Employees can also ...
-
Article
Doosan to launch online total reward statements
Energy organisation Doosan Power Systems is to launch online total reward statements for its 1,800 permanent UK employees.The statements, which will be launched in September, will replace the paper statements that the employer has issued since 2005.The statements will be hosted and accessed online via Benefex’s RewardHub portal.Nicky McArthur, HR ...
-
Article
Employee Benefits Awards 2013: Best total reward statements
Winner: Virgin MediaScheme: Total Reward-It’s All YoursEntered by: Thomsons Online BenefitsThis award recognises an employer that has successfully integrated total reward statements into its benefits communications strategy.The judges liked the fact that Virgin Media involved employees in the design of its total reward statements. Staff featured in promotional videos explaining ...
-
Article
PepsiCo designs reward toolkit for staff in emerging markets
Global beverages company PepsiCo has designed a toolkit to drive its retention of talent in emerging markets, which includes reward packages that are tailored to each country and are different to those of its competitors.The toolkit has already been piloted in one Asia Pacific country and saw a 2% drop ...
-
Article
Unilever to use TRS data to show impact of reward decisions
Unilever is planning to integrate the data from staff surveys with total reward statements (TRS) so it can analyse the business impacts of reward decisions, for example on employee retention or engagement.It rolled out total reward statements (TRS) to staff in 96 countries in 2011.Speaking at the annual WorldatWork Total ...
-
Article
Reeves raises engagement with flexible benefits
Reeves and Co has seen 86% of employees log into its new flexible benefits scheme since it was launched in March 2013.The enrolment window for the scheme opened on 13 March, following the launch of a voluntary benefits scheme at the end of February.At the same time the accountancy firm ...