Category: Responsible Reward
ESG metrics in executive pay: creating long term sustainable value for all stakeholders
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?
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
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
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
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
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.
How to ensure responsible reward practices are implemented globally
Global reward | Responsible Reward
Responsible reward means considering the wider impact of how your organisation does business, and then aligning your reward package to this vision. The aim is to create long-term sustainability by moving beyond purely financial goals and incentivising your business – and your people – to generate a positive impact on society. But how do you translate these hugely strategic global goals into meaningful actions from a reward perspective?