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14 November 2017

Fairness matters, and executives expect companies to play their role.

By Tom Gosling, Reward partner We are in the midst the most significant corporate governance reforms in the UK for many years. The introduction of pay ratio disclosures, likely further regulation on broadening the remit of remuneration committees, increasing stakeholder voice within the boardroom, and enhancing reporting of how companies...

30 October 2017

Evidence is a critical guide to executive pay policy and practice

By Tom Gosling Executive pay is an area where there’s so much data you can find a statistic that proves almost anything. But much of the analysis that makes the headlines is simply not rigorous and would not stand up to scrutiny in any peer-reviewed academic journal. Countless “studies” that...

27 October 2017

Simplicity, not accuracy, is what is needed in the pay ratio definition

By Tom Gosling Anyone who’s followed our work at PwC will know that we are not big fans of pay ratios. See for example my evidence to the BEIS Select Committee Inquiry on Corporate Governance. This isn’t because we don’t think a discussion about fairness is important – on the...

How to improve the ISS P4P model

By Tom Gosling As I’ve written elsewhere, executive pay is plagued by enduring myths that define the policymaking debate. One of these myths is that there is no link between pay and performance. This is an important accusation; one that brings executive pay, and by extension big business, into disrepute....

26 October 2017

Shifting tectonic plates of HR - People costs vs employee engagement

By Alastair Woods The management of people has always meant navigating competing business pressures – that on occasion come into direct conflict with each other and create critical tension. One of the biggest challenges for business today could be compared to the effects of shifting tectonic plates pushing against one...

20 October 2017

How will blockchain technology impact HR and the world of work?

By Chris Murray, PwC partner and Leader of PwC's Global HR Technology network Blockchain is a technology that’s widely discussed but perhaps less widely understood. Technically, it’s a distributed ledger that allows value to be exchanged securely, transparently and without risk of tampering. It’s also a technology that creates decentralised...

11 October 2017

Improving social mobility will take real collaboration across businesses

Laura Hinton, Chief People Officer at PwC It’s an uncomfortable truth that where someone is born, where they grow up and what their parents do for a living still plays a large role in determining their future. For too long this status quo was largely unchallenged but fortunately, this is...

26 September 2017

Is the case for HR systems really the case for better people management?

Posted by Chris Murray According to our new HR Technology Survey, the proportion of organisations that have at least one HR process in the cloud has increased from 68% in 2015 to 73% in 2017. What’s more, almost 40% now have their core applications in the cloud, and even more...

22 September 2017

Avoid the sugar rush: 3 ways to build your employee experience

By Philip Smith Employee engagement has been one of the biggest trends in managing human resources over recent years, but true engagement seems to remain elusive with many organisations seemingly unable to drive long-term benefit from their efforts. This might be because many employee engagement initiatives have been short-term in...

12 September 2017

Why the future of HR software is PaaS

Our HR Tech Consulting lead partner Jeremy Lief shares his insight into the future of HR Software in our latest blog Over the past decade, software as a service (SaaS) has increasingly become part of the DNA of HR functions – and I think what we’re seeing is just the...

29 August 2017

International commuters: getting ahead of employees’ lifestyle changes

By Clare Coley Imagine spending your spare time in a chalet in France; skiing in the winter, day trips to the South coast with your family (who love the outdoor lifestyle), a glass of wine in the warm setting sun, views over the mountains…. Then imagine a one hour 30...

21 August 2017

Is the future about robots or humans?

By Carol Stubbings We’re in the midst of a fundamental transformation in the way we work. Automation and thinking machines are already replacing tasks previously done by humans and are causing a re-evaluation of the skills that organisations need and the relationships they have with their workers. The robots are...

18 August 2017

Are you one of the 233 companies? National Minimum Wage compliance continues to dominate headlines

Compliance with National Minimum Wage (NMW) legislation continues to be a hot topic given the recent media interest in the latest list of some 233 employers who have been named this week. The technical nature of the Regulations mean that many employers have technical breaches, e.g. understanding what constitutes working...

25 July 2017

Blockchain and HR

By Anthony Bruce During the very early days of the internet, management theorists expended a lot of energy trying to predict what effect it would have on the way companies did business. The consensus was that the technology would reduce companies’ internal and external transaction costs, resulting in a reduction...

17 July 2017

UK as a hub: The Brexit effect

By Jo-Anne Allen Bray A favourable tax environment, a strong talent market and excellent transport links are just a few of the many reasons why overseas companies choose to invest and set up in the UK. The UK as a hub, (or UKaaH, for those who can’t get through the...

14 July 2017

Human capital ROI - the most wonderful measure of all?

By Jonathan Moses When you read about HR, people management or employee updates in company reports it isn't long until you come across the V-word ... value. "People create the value in our business"; a strategy to "add value to customers"; increasing the "value of our return". And you might...

11 July 2017

7 things employers need to know about the Taylor Review

By Julian Sansum The long awaited Taylor report into modern working practices has just been published and should be of keen interest to most employers and those using off payroll workers. The key recommendations and findings are: The national strategy for work should be explicitly directed toward the goal of...

Solving the productivity puzzle

By Phillippa O'Connor The US economist Paul Krugman famously said: ‘Productivity isn’t everything, but in the long run it is almost everything.’ That’s why the UK’s ‘productivity puzzle’ is of such concern. Official figures show that productivity in the UK has stagnated since the financial crisis and remains stubbornly below...

07 July 2017

Older women are what business needs

By Carol Stubbings By 2050, the number of over-60s in the world will have doubled. The World Economic Forum recently called this ‘the financial equivalent of climate change,’ which will haunt future generations if we fail to address it. One of the major consequences is that we’ll all have to...

06 July 2017

Flying the flag for the Armed Forces – PwC sponsors RIAT 2017

By Jon Andrews I am thrilled that once again, PwC will be sponsoring the Royal International Air Tattoo (RIAT) where we will host a number of the firm’s valued clients and special guests over three fantastic days. RIAT is one of the world's most recognised airshows, held annually at RAF...