16 posts categorised "Rewarding people"

17 January 2019

Short term pain, long term gain - Upcoming challenges for HR and Reward functions in Asset & Wealth Management

By Duncan Nicholls Market performance and compensation go hand in hand in the Asset & Wealth Management (AWM) sector. Stagnating markets will bring significant challenges to HR and Reward functions. The asset management sector is no stranger to change and transformation. At our recent Asset Management HR Network event, we...

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...

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...

02 December 2016

Sustainability in the corporate environment - what happens when all sects of society work together?

By Tom Gosling Over the last six months I've been working with the Purposeful Company Taskforce set up by the Big Innovation Company. This is a group of companies, investors, academics, and advisers who have come together to address the question of how the UK corporate governance and capital markets...

20 July 2016

Five reasons why performance management is at the top of the people agenda

By Zsolt Szelecki For a while now, performance management has been seen as an increasingly bureaucratic process under the control of HR that isn’t adding value to the business anymore. It might be ‘managing’ performance – but it’s not improving performance. But recently I’ve really started to notice a sharp...

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...

05 May 2015

Employee benefits: Jam today or jam tomorrow?

By John Harding What would you do with a £500 windfall? The answer, it seems, depends very much on the strings attached. A no-questions-asked bonus of £500 cash is one thing (a new outfit or weekend away?) but when the bonus is in the form of a workplace benefit, the...

30 April 2015

With workplace benefits, one size doesn’t fit all

By John Harding We’ve known for a while that men are from Mars and women from Venus, but it seems that the differences between the sexes also extend to our views on workplace benefits. We’ve just released the results of a survey that shows just how differently men and women...

25 March 2015

A new look at workplace pensions and shares

By: John Harding Reward packages at work are frequently a one-size fits all, with employers’ packages including a range of benefits depending on position and pay-scale. But new research by PwC suggests that businesses could benefit by tailoring their reward programmes according to employee preference. In a survey of more...

05 March 2015

Banking pay under the spotlight…again

By Katy Bennett If you’ve had trouble getting hold of anyone in the financial sector in the past few days, it might be because they’re engrossed in the European Banking Authority’s eagerly-awaited consultation on its guidelines for ‘sound remuneration policies’ across the EU. It might not sound like essential reading,...

03 March 2015

The real story on executive pay

By Tom Gosling Executive pay is rising out of control – or at least, that’s what the newspapers say. But is it really? When we talk about ‘executive pay’, what precisely do we mean? What goes into the calculation? If you were to put six people in a room and...

04 November 2014

Overtime should be included in holiday pay

By John Harding The Employment Appeals Tribunal has ruled today that non-guaranteed overtime payments should be taken into account when calculating holiday pay. At the moment, holiday pay is generally calculated on the basic level of pay, so some people who work overtime could make claims for extra holiday pay...

01 October 2014

Life is for living: the risk of not paying staff a wage to live on

By Jonathan Berger In recent years although morality has become part of the tax debate, poverty has largely been sidelined from the reward agenda. While "doing the right thing" is very much a part of my DNA, I'm not able to get into the finer details of it to any...

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...

31 March 2014

Taking the hassle out of reward: convenience is key for driving performance in a diverse workforce

By Marc Hommel Today’s time-poor, digital society is breeding a new wave of demands from an increasingly diverse workforce. The millennial generation are constantly looking for ways to make their lives easier. And if employers want to get the most out of their future leaders, then they need to make...

25 March 2014

What goes up must come down: analysing the forces that drive executive pay

By Tom Gosling For proof that the world can change in unexpected ways, those concerned about executive pay need look no further than a 1976 Harvard Business Review article by David Kraus. Entitled 'The 'devaluation' of the American executive’, he bemoaned the fact that the relative decline in executive pay...