All Total reward articles – Page 68
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Case StudiesUK Power Networks demonstrates value of employment through total reward statements
For UK Power Networks, a total reward statement (TRS) holds two key attributes: the first is that it presents employees with an overall monetary value of their benefits package. The statement gives a breakdown of an individual’s benefits and remuneration for the previous year, and includes elements like pay, bonuses, ...
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AnalysisWhat are the benefits of personalising total reward statements?
Need to know:A total reward statement (TRS) can present a huge amount of information about the employee experience, from salary and bonus to tax and National Insurance savings through benefit schemes.TRSs were traditionally printed but have evolved into digital, real-time accounts.Demonstrating the entire value of an employee’s package can increase ...
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Article50% of HR directors use non-financial perks
New research has revealed that non-financial perks have overtaken pay rises as the number one incentive used by employers to attract new members of staff.Indeed Flex, the online marketplace for flexible workers, surveyed 402 HR directors and found that while 47% have increased staff salaries faster than usual in an ...
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ArticleStagecoach staff strike amid pay rise dispute
Stagecoach driver employees across south Wales have begun to take part in planned strike action due to a breakdown in talks with over pay.Members of the Unite Wales Union started the industrial action at 2am this morning (Tuesday) in the Brynmawr, Cwmbran and Blackwood depots, as they want a pay ...
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ArticleZoe Lyons to host Employee Benefits Awards 2021
Comedian Zoe Lyons will host the Employee Benefits Awards 2021, which will take place on Friday 12 November 2021.Now in its 19th consecutive year, Lyons will welcome delegates back in person to the awards at its exciting new venue at Old Billingsgate in London. It is the go-to annual event ...
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AnalysisHow can employers strike the right balance between financial and non-financial rewards?
Need to know:With vacancies at record levels as the economy recovers, getting the right balance between financial and non-financial rewards is more important than ever to retain and attract employees.Non-financial benefits can improve employee satisfaction, self-confidence, security, engagement and productivity.Employers need to be proactively surveying and talking to employees to ...
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Case StudiesSir Robert McAlpine motivates staff with total reward approach
With construction sector vacancies currently running at a 20-year high, construction and civil engineering business Sir Robert McAlpine is all too keenly aware of the importance of getting the balance right when it comes to reward and recognition, argues executive director of people and infrastructure Karen Brookes.“It is something that, ...
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OpinionProfessor Alex Bryson: Has the pandemic changed how to motivate employees?
Debate on how to motivate employees goes way back. Employers have two sets of tools in their toolbox. The first are pecuniary rewards, so beloved by economists, for extrinsic motivation: more money, and linking pay to performance can deliver greater worker effort if designed properly. The second are the non-pecuniary ...
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ArticlePRS for Music hires head of inclusion and experience
PRS for Music has announced that Colin Campbell-Austin has been appointed as head of inclusion and employee experience as of this month (October).Reporting to chief people and transformation officer Suzanne Hughes, and supported by a newly created diversity and inclusion and culture coordinator role, Campbell-Austin will assist with the equity, ...
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OpinionJeff Fox: The future of total reward and what businesses need to do today
Over the past 18 months the world of work has changed immensely. The Covid-19 (Coronavirus) pandemic has altered not only our patterns of working, but also the expectations employees have of their organisations.The workforce has adapted to become more agile and flexible, but in order for employees to stay engaged, ...
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AnalysisShould employers use total reward to attract and retain the talent they need?
Need to know:Money is no longer the deal-breaker when it comes to hiring and keeping talent. Post-pandemic, employees are seeking a more holistic rewards package.A total rewards strategy must align to a firm’s unique strategic objectives and the broader employee experience.All areas of benefits can and should be promoted, and ...
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ArticleKavitha Sivasubramaniam: A totally rewarding approach to benefits
As our to Total Reward Week, in association with Aon, draws to a close, it is time to reflect on some of the trends and issues currently shaping this area of the benefits market.The Covid-19 (Coronavirus) pandemic forced many organisations to make difficult decisions regarding their future. While some implemented ...
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OpinionCharles Cotton: Total reward can help attract and motivate staff in a turbulent job market
Under a total reward approach, all aspects of the employee experience are recognised, with focus given to non-financial rewards alongside pay and those perks with a monetary value. Examples of the non-financial elements making up total reward include access to career development training, freedom and autonomy, supportive line managers, recognition ...
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Case StudiesAdvanced adapts its total reward strategy to meet employee needs
Advanced is a provider of business software with 2,400 employees. As the UK faces The Great Resignation head-on, the organisation understands how important employee benefits and reward schemes are in making it an attractive prospect, not only for acquiring new talent, but also for increasing employee retention and satisfaction.Chief people ...
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ArticleThe top 10 most-read articles between 8 October - 14 October 2021
The top 10 most-read stories on employeebenefits.co.uk between 8 October – 14 October 2021 were: Kuoni launches hybrid working for head office staffEXCLUSIVE: BP creates innovative support for working carersHow do staff travel schemes vary around the world?EXCLUSIVE WorkLife research: 34% of SMEs have staff with mental health issuesGender pay ...
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ArticleFragomen recruits new chief people officer
Global immigration services provider Fragomen has hired Salvador Malo as its new chief people officer as of this month (October).Malo, who has more than 25 years of experience devising and leading on HR and business strategy, and talent management, will be leading the people team by helping to drive a ...
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Case StudiesDWF offers staff salary sacrifice pension scheme
DWF is a global provider of integrated legal and business services. It employs approximately 4,000 members of staff and has more than 30 offices across the globe.The firm introduced a salary sacrifice pension scheme in 2013 in line with the UK's auto-enrolment legislation, which enables staff and the business to ...
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Article42% of UK staff want a four-day work week
New data has found that UK employees expect more from their employers, with a four-day working week (42%) and unlimited holiday (41%) ranked as the top two benefits desired by staff.Research carried out by agile experience management services Momentive included responses from 2,005 adults aged 18 and over living in ...
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ArticleOne month to go until the Employee Benefits Awards 2021
The countdown to the glittering Employee Benefits Awards 2021 continues, with just one month to go until this 19th annual event welcomes delegates back in person on Friday 12 November to its exciting new venue at Old Billingsgate in London.The Employee Benefits Awards 2021 is the go-to annual event of ...
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ArticleSoftcat and Cisco win best UK technology workplaces
Softcat, Cisco and Salesforce have been recognised by Great Place to Work as being some of the UK’s Best Workplaces in Tech for 2021.IT infrastructure provider Softcat was ranked first on the super large organisations list, followed by networking hardware business Cisco. Number one on the large organisations list was ...