All Total reward articles – Page 169
-
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
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 ...
-
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 ...
-
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
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 ...
-
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 ...
-
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, ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...
-
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 ...