Category: Responsible Reward
How are employees’ environmental and social values changing and what does this mean for your engagement strategy?
28 July 2022
Employee engagement | Responsible Reward | ESG
Over the past few years, we have seen an acceptance that the global business ecosystem is no longer sustainable if we carry on consuming at the current rate. This broad realisation has forced many businesses to look at how they’re running and make some fundamental changes to the way they incentivise their people.
Drive and support workplace inclusivity with reward and recognition
22 July 2022
Reward Consultancy | Total reward | Recognition | Reward | Responsible Reward
For a company to get reward and recognition right in a way that fosters workplace inclusivity, its policies and practices need to encompass everybody regardless of age, background, gender or ethnicity. Everyone should be treated the same, with no bias. It’s a very broad piece to address.
How Equal Pay is Integral to your Responsible Reward Strategy
30 July 2021
Equal Pay | Responsible Reward
By being confident and proactively communicating their commitment to Equal Pay, organisations can demonstrate their commitment to fair treatment, and reaffirm that the contribution of men and women is valued equally. Alastair Cole shares his thoughts on how Equal Pay can link to different elements of Responsible Reward.
Build Back Better: the future role of DEI, employee wellbeing and reward strategy in evolving company culture
25 February 2021
Gender Pay Reporting | Covid-19 | Responsible Reward | Diversity | Ethnicity Pay Reporting
People are expecting their leaders to steer their organisations in a way that is more impactful on both the world around us and communities we serve, as well as treating employees in a more socially responsible manner. So how can you use the fallout of Covid to build back better?
Responsible Reward – It’s Time to be Brave
11 February 2021
Equal Pay | Responsible Reward | Ethnicity Pay Reporting
Any steps taken towards pay equity and responsible reward are in the right direction but if we want to harness the current acceleration of change then we need to be brave enough to speak out and be visible in the changes and the steps our organisations are taking. Cathryn Edmondson looks at how you can clarify your starting point and next steps.
What are the essential elements of a responsible reward strategy for both executives and employees?
28 January 2021
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.
ESG metrics in executive pay: creating long term sustainable value for all stakeholders
11 November 2020
Executive Pay | Executive Compensation | Exec pay | Responsible Reward | ESG
Before Covid-19, many organisations looked to the UN Sustainability Goals to provide them with an environmental and societal purpose, but the pandemic has thrown up new challenges, as well as opportunities to make a difference. Sarah Lardner reviews how ESG can be used to best effect within the executive package.
Responsible reward: why does it matter and how does it interlink with employee wellbeing?
18 September 2020
Wellbeing | Responsible Reward
ESG isn’t just something that matters to investors; it impacts all of us. With younger generations appearing to have higher expectations for corporate and social responsibility, it is more important than ever that ESG is considered when crafting your employee wellbeing strategy.
How responsible reward practices are shaping performance and incentive strategies
09 September 2020
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.
What is sustainable reward and how to build a strategy that centers on this idea
04 September 2020
We never saw it coming but this imposed ‘new normal’ has turned everything on its head and forced us to rethink the fundamentals of our economy and questioned the extent to which we were living and working up to this point is sustainable. Most importantly this tumultuous period has shown us that things can be done differently and this way of living is not only achievable but necessary if we are to have a better functioning society, healthy work life balance and a thriving planet for generations to come.
Three ways to utilise your Responsible Reward policies to engage employees
29 July 2020
We think it is vital to look at reward holistically and take a strategic perspective when you consider Responsible Reward. But before you dive and in write a new set of policies, we would suggest that you stand back and look not just at the different numbers legislation requires us to define, but think about the true application of reward in your organisation as it stands right now. Justine Woolf offers her top three tips.
Pay equality: why now is the time to get your house in order
14 July 2020
Corporate Governance | Pay Transparency | Pay Fairness | Equal Pay | Exec pay | Covid-19 | Responsible Reward
The long-term picture will only become known with the passage of time, however, whilst business may be a little slower and some of our typical processes postponed, the world will keep turning and a return to a feudalist barter system seems a little unlikely, which is why now is a great time to prepare for the future.
