Category: Reward Strategy
How organisations are aligning their digital strategy with their people strategy
People Strategies are often well-considered and have the approval of the Board, but implementation and deployment are overlooked and under-budgeted. Ensure your HR digital strategy is part of your people strategy for continued success.
Maximising your pay pot spend
Pay & Reward | Reward Strategy | Pay Review | Advance
Pay review and annual bonus review are notorious for being the busiest and most pressured time for HR teams. Working through the pay review process as well as keeping a company-wide perspective can be a real challenge.
Six tips to test the transparency of your reward and benefits communication strategy
Employee engagement | Communications | Reward Strategy | Transparency
Perceptions of unfairness in reward, regardless of whether there is any truth behind the perception, can be extremely damaging to the culture and productivity of a business, so how can we test the transparency of our communication? Cathryn Edmondson offers six ways you can try.
What are the essential elements of a responsible reward strategy for both executives and employees?
Reward Strategy | Responsible Reward
As we lead into 2021, you should consider a renewed focus on your reward strategy – looking with a fresh lens at how you make sure your reward is better aligned to the needs of your employees, your business and the wider society you operate in.
Reframing reward post-COVID: create a foundation for recovery and growth
Motivation | Pay & Reward | Organisational Design | Reward Strategy | Performance | Wellbeing | Covid-19
Moving from reactive to proactively assessing current state against the future aspiration will place HR in control and will enable space to create a compelling, effective and sustainable people strategy that can support the business to transition from the recovery phase to the growth phase. Sarah Lardner explains how.
Why diversity and inclusion should be influencing your reward strategy
Equal Pay | Reward Strategy | Diversity | Ethnicity Pay Reporting
Whilst it is tempting during this period of uncertainty to invest less time in addressing diversity and inclusion initiatives, the consequences of placing them on the back burner are far reaching. Emer Bucukoglu suggests a few pointers to ensure you don't take your eye off the ball.
HR's Christmas to-do list
Pay & Reward | Reward Strategy | Planning Ahead
With just over a month to go until the festive season is upon us, amid the gift buying and decorations your thoughts might also turn to the end-of-year to do list for HR. Judith Moore suggests a few things you should be considering during this period to make sure you are ahead in 2021.
How responsible reward practices are shaping performance and incentive strategies
Performance Management | Reward Strategy | Performance | Responsible Reward
Changes in the design of incentive plans, with the inclusion of more diverse measures in the form of ESG metrics can demonstrate a focus on long term sustainability. Justine Woolf looks at how HR can make responsible reward work for their business.
Download the Fast Growth Playbook
Reward Intelligence | Pay & Reward | Disruptive HR | Fast Growth | HR software | HR Technology | Reward Strategy
Free to download, our Fast Growth Playbook has been designed specifically for organisations that are growing at pace, and are having to regularly make rapid decisions to ensure long term success.
Three considerations when setting employee performance targets, pay and bonuses in a volatile market
Bonus | Long Term Incentives | Performance Related Pay | Pay Fairness | Pay & Reward | Reward Strategy
How do you balance doing the right thing by your employees in terms of bonus and commission when business performance is not where you expected it to be? This is a hard question to answer and there will not be one approach that works for every business. However, there are questions all businesses can ask themselves to help navigate the challenges with performance targets and variable pay.
Short term vs long term effects of COVID-19: should you change your reward and benefits strategy for 12 months, or five years?
The question over whether to make short or long term changes to reward strategy is a question facing many HR and Reward professionals during these unprecedented times. There has been a lot of talk over the last few months about when things will get back to normal but how likely is it that things will just go back to the way they were, either in the short term or the long term?
Building a Personalised Story - an open letter to HR
Reward Strategy | Employee Experience
In the second of our open letters to HR series, Sarah Lardner suggests ways in which your organisation can build a reward architecture designed to retain and recruit the right talent to achieve your strategic goals, by personalising your employee deal to the power of one.