11 posts categorised "Alastair Woods"

27 December 2018

Workforce Fairness reporting in the FTSE 350: Key observations from the Building Public Trust Awards

By Alastair Woods and Jess Garbett One of the big people issues facing businesses in 2018 has been inequality in the workforce. The lightning rod for this has been gender pay, but there are a number of other themes that are challenging employers as they seek to restore trust and...

20 November 2018

Social mobility reporting in the FTSE 350

By Alastair Woods Social mobility continues to be a key issue in the UK, with a young person’s future far too often being determined by household income and postcode. Along with educators and policy makers, employers have a role in reducing this social divide and it is great that, as...

19 October 2018

Workforce Fairness: The view of the ‘People Panel’

By Alastair Woods and Jessica Garbett Attitudes to business have changed in recent years and there is far greater expectation on organisations to think about their impact on communities and on how they address inequalities in the workforce – spanning for example the ratio between highest and lowest earners, or...

10 April 2018

Gender pay reporting – priorities, progress and predictions

By Alastair Woods As we enter year two of gender pay reporting in the UK, it is clear that the sunlight that the disclosure and media scrutiny have shed is helping to accelerate change. This has been amplified by the broader themes of equality and fairness in society which means,...

09 March 2018

People Reporting is every bit as important as the other disclosures

By Alastair Woods, Partner Insights from PwC’s Building Public Trust in Corporate Reporting Awards 2017: People Reporting in the FTSE 100 In contrast to more heavily-regulated areas such as tax or executive remuneration, reporting on people remains an area where companies have a fair amount of discretion in what they...

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...

05 April 2017

Gender pay - an opportunity for change

By Alastair Woods The new gender pay reporting comes into force in the UK this month, firing the starting gun for companies who have a year to gather, review and publish their gender pay gap and other statistics. This reporting brings both challenges and opportunities. It will inevitably mean that...

13 December 2016

Gender Pay: the best defence is transparency

By Alastair Woods With the final draft legislation out now, UK companies are preparing for a new disclosure regime that will put the spotlight on how well they are addressing deep-rooted gender disparities in the workplace. From talking to our clients, we know that the data gathering will present a...

25 January 2016

There is always differentiation! Rewarding contribution in a post-ratings era

By Alastair Woods The debate around the future of ratings is prompting more organisations to review their approach to performance management. There is justifiable recognition that the year-end process is flawed, creates unnecessary tensions and increasingly does not reflect new ways of working or how employees are motivated. Companies are...

13 May 2015

The future of reward in a cost-constrained world – a more radical approach to pay?

By Alastair Woods For a number of years now, I have been involved in analysing the results from PwC’s executive and management pay survey. In our recent survey, over 220 FTSE 350 organisations and equivalent private companies took part, giving us a comprehensive picture of the reward landscape in 2015...

24 July 2014

Are performance ratings heading towards extinction?

By Alastair Woods There’s a growing school of thought that our traditional tools for managing employee performance are outdated and in need of a radical reboot. Some of heaviest criticism has been aimed at performance ratings and forced rankings - those bastions of the annual appraisal process. At the heart...