All Total reward articles – Page 151
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Article
Asda and Tesco shortlisted for total reward statements
Santander UK, Tesco and Virgin Media are among the employers that have been shortlisted for the award ‘Best total reward statements’ at the Employee Benefits Awards 2013.For this award, the judges were looking for an entrant that had successfully integrated total reward statements into its benefits communications strategy, and used ...
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Article
Duncan Brown: Issue avoidance puts us in peril
Even without the threat of imprisonment, avoidance is a well-known psychological phenomenon, affecting individuals and organisations, according to Ralph Kilmann, chief executive and senior consultant at e-learning conflict resolution firm Kilmann Diagnostics, who co-developed a technique to measure it. A short-term focus and superficial actions are common symptoms.I think there ...
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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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Article
Buyer's guide to total reward statements
Total reward statements (TRSs) are a simple and effective way to help staff understand the value of their employment package. But research conducted by the Chartered Institute of Personnel and Development (CIPD) shows a significant number of employers do not use them.The CIPD/Benefex Reward management survey 2012, published last May, ...
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Article
Ocado launches online reward portal
EXCLUSIVE: Ocado is to replace its benefits booklet witth an online reward portal to increase staff perception of the benefits package.Under the overarching umbrella of OcadoRewards, the portal will have three separate streams: OcadoBenefits, which lists the core benefits, such as its pension, share scheme, healthcare, life insurance and critical ...
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Article
Xerox staff access online benefits
EXCLUSIVE: Xerox has seen 60% of its 3,550 staff access its online benefits portal since it was launched in June 2012.Almost all (93%) of that 60% said they would recommend the site to colleagues.The portal provides personalised online total reward statements (TRS), which break down the employee’s reward package; detailed ...
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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 ...
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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 ...
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Article
Bromford Group launches reward statements
EXCLUSIVE: Bromford Group has launched total reward statements to raise awareness among employees of the total benefit package the organisation offers.The statements have been sent out to 987 employees. The majority received the statement online, while 26 employees without access to a computer at home have been sent a paper-based ...
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Article
Edenred relaunches online total reward statements
Edenred has redesigned its online total reward statements to help employers find their benefits information more easily.The roll out of the new statements follows the launch of the employee benefits provider’s updated flexible benefits and employee savings platform.Sam West, product manager, employee benefits at Edenred, said: “Our job at Edenred ...
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Article
KFC to roll out TRS to all staff
Kentucky Fried Chicken (KFC), part of Yum! Brands, will be rolling out total reward statements (TRS) to its weekly-paid employees as part of plans to promote its employee value proposition (EVP) internally.Speaking during the total reward stream at Employee Benefits Live on 25 September, Craig Truter, total reward manager, at ...
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Article
NHS organisations to offer total reward statements
A number of NHS organisations will begin providing total reward statements in 2012, as part of efforts to get staff to understand the full value of their benefits package during a time of pay restraints, pensions reforms and a diversifying labour market.The reward statements will outline pensions, pay and the ...
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Article
Tesco adds QR code to total reward statements
?Tesco has added a quick response (QR) code to its total reward statements (TRS) to give its diverse employee population easy access to their benefits package.The retailer has provided paper-based TRS for 15 years, sending them to employees’ homes every October. This year, statements were sent out to almost 270,000 ...
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Article
Aviva launches online total reward statements service
Aviva has launched online total reward statements to run alongside its group personal pension products to emphasise to employees all benefits provided by their employer.The statements will include details of an employee’s entire benefits package, including salary, bonus, pension, private medical insurance, health screening, life and critical illness insurance, car ...
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Article
Live Nation seeks harmony through online portal and total reward statements
Live Nation Entertainment has launched an online benefits portal and total reward statements for all its permanent employees.The moves are part of a project to educate staff about their package and harmonise benefits across the organisation. A number of acquisitions and Transfer of Undertaking (Protection of Employment) (Tupe) transfers had ...