All Total reward articles – Page 168
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AnalysisWhy employers are transforming specialist reward and pensions staff into benefits generalists
If you read nothing else, read this…Many employers are replacing benefits specialists with generalists.The shift from defined benefit to defined contribution pension schemes is a driving factor.Benefits professionals can broaden their knowledge base by attending conferences and networking with industry peers.Not only did the specialist fear the learning curve involved ...
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ArticleTalkTalk implements total reward statements
EXCLUSIVE: TalkTalk has implemented total reward statements for employees to use on the go.The move, which is part of the launch of a new HR system, Workday, for the employer’s 2,200 employees towards the back end of 2014, allows staff to view their total remuneration package that includes: pay, allowances, ...
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AnalysisIs total reward dead?
If you read nothing else, read this…The relevance of total reward is in doubt because of continued downward pressure on pay. Employers need to focus on better use of data and evidence.Organisations should engage with staff of all generations to find out which benefits they actually want and value. Total ...
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AnalysisTalent wars: How to use reward effectively
If you read nothing else, read this…Skills shortages are back on the agenda, with engineering and technology among those in demand.Businesses are again looking at how they can attract top talent, tailoring their offerings to suit their target employee base.Organisations are increasingly looking to benchmark how their total reward proposition ...
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AnalysisRedesigning an employee value proposition in today's economic climate
If you read nothing else, read this…Regardless of what it offers, an employee value proposition (EVP) must be authentic and true to an organisation’s brand and culture if it is to attract today’s talent.A compelling EVP is less about pay and financial reward, and more about workplace culture, work-life balance ...
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Article
Total reward is dead
Total reward is dead, according to Duncan Brown, head of the UK performance, reward and talent consulting practice at Aon, and Martha How, partner, reward and benefits at Aon.Speaking in a session on ‘The demise of total reward’ at Employee Benefits Live on 24 September, Brown explained that the impact ...
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ArticleSantander evolves reward offering and people brand
Santander is evolving its reward offering for employees. Elliot Rees-Davies (pictured), reward director at Santander, will discuss how the bank has evolved its flexible benefits package over the past two years and its new internal people brand in a session titled ‘Flexible benefits to drive employee engagement’ at Employee Benefits ...
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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 ...
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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 ...
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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 ...
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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.
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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
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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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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 ...
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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 ...
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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 ...
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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 ...
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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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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 ...
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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 ...