How employee recognition can support wellbeing
Online tools provide employees more opportunities than ever before to recognise the efforts of their peers, which in turn can have a positive effect on morale. Everywhere we go, processes are becoming automated and we are therefore more reliant on technology than we have ever been. The world of HR and employee engagement is no […]
Employee benefits: why annual leave is an untapped rewards opportunity
Annual leave is seen as a ‘given’, and yet increasing numbers of employees are not making the best use of it. By taking a fresh look at standard leave, employers can help turn it into a benefit that will inspire and motivate employees. Recently Ernst & Young Australia announced it was offering its employees six […]
Reward and recognition: the changing expectations of employees
If your company’s reward and recognition programme is somewhat outdated and lacklustre, then it’s probably time for a refresh. A shift in approach goes beyond boosting engagement levels, playing a key role in enhancing the wider employee experience. Recognition. It regularly crops up on lists featuring tips on how to keep your employees happy. Entrepreneur.com suggests it […]
Pay as an engagement tool: time for a rethink?
Salary incentives have historically been used as a way of boosting employee performance, but do increasing economic pressures mean companies need to find alternative ways of engaging staff? The sticky issues of restrained wage growth and talent shortages are not going away. With pay budgets continuing to hover around 2-3%, any form of differentiation based on performance or contribution […]
Why HR teams should recognise and reward a ‘mission-centric’ work ethic
Academic research highlights the need for HR departments to focus on the positive impact individuals can have on an organisation when they are genuinely motivated by its central mission. My co-author Professor Howard H. Yu (IMD) and I have taken a fresh look at research previously undertaken between the 1970s and 1990s by Joseph Bower (Harvard), Henry Mintzberg (McGill) […]
Complacency kills: three ways for SMEs to foster employee engagement and productivity
The UK has a productivity problem, and SMEs need to better engage with their employees to boost performance. ONS stats suggest that worker output per hour saw year-on-year declines of 0.3% on Q2 2017, and that workers in 2016 produced 15.1% less than workers in other G7 countries. It’s a significant gap, and it’s worth […]
Why talking about salary from the get-go will help you attract more talent
In a society where we are used to sharing so much information, talking openly about pay still remains one of our biggest taboos. Questions about pay expectations and salary are often left to the very end of an interview process, which can waste time and leave candidates and hiring managers feeling disappointed. But when salary […]
Can part-time professionals avoid doing a full-time job for part-time pay?
There’s so much rich insight coming out of the academic sector that HR professionals need to know. At Academics’ Corner we feature the best HR researchers that tell you what they’ve found and what you need to do differently on the back of the research. Get connected to the academic sector through Academics’ Corner and […]
The ‘datafication’ of HR – how will this impact reward?
To date, those of you who have adopted compensation management technology have probably done so to gain operational efficiency. Reducing time spent on repetitive administrative tasks such as data calibration and spreadsheet reconciliation, whilst benefiting from improved data integrity and security together with a clear audit trail, have been the key buying reasons to date. […]
Book review: HR Fundamentals: Reward Management, by Michael Rose
HRZone has a range of books available for review. If you would like to receive one of our business books, free of charge, please contact the editor on editor at hrzone dot com and we can send you a list of what’s available. In return, we ask for a 400-700 word review of the book, […]
Why businesses need to reimagine the bonus structure
Last month it was revealed that four directors at the engineering firm Melrose had been awarded £40m in bonuses each, indicating that the UK’s bonus culture is showing no signs of slowing. Often seen as a motivational tool, many organisations believe that there is a direct correlation between large bonuses and company performance. However, there are […]
5 things you need to know about gender pay gap reporting
All employers in the private sector with 250 or more “relevant employees” on the key snapshot date of 5th April 2017 have to publish, both on a government portal and on their own website, information about the organisation’s gender pay gap.What do you need to know to do this successfully? We’ve published a complete guide, […]
Taking one for the team: why it’s time to ditch the dogma of individual rewards
For the past ten years, I have been interested in the area surrounding how and why employees at work are rewarded for their results. This has led me to think about the conventional approach of rewards, and how they are at odds with desirable behaviour. More and more, organisations are aiming for teamwork to improve performances […]
The seven deadly sins of compensation: are bonuses a waste of money?
There’s a chill in the air as the ‘comp season’ descends upon us once again. Most organisations are probably now already working on planning budgets, processing market data and kicking off the compensation review season but, in his best-selling book, ‘Bringing Out the Best in People,’ Aubrey Daniels said: “If you think of the bonus […]
Responsibility at work: using it to solve value incongruence
There's so much rich insight coming out of the academic sector that HR professionals need to know. At Academics' Corner we feature the best HR researchers that tell you what they’ve found and what you need to do differently on the back of the research. Get connected to the academic sector through Academics’ Corner and […]
How can feedback affect reward & recognition?
An active and positive feedback culture is integral to modern businesses; I covered the basics of why and how to boost a feedback culture based on praise in my last article. Once your company has started giving more frequent feedback, you may be wondering how this new system will impact reward and career progression decisions. You may […]
Where’s your next HRD coming from?
We’ve all heard how ‘HR needs to change’ – both as a discipline in its own right but also in terms of the type of people it attracts. The consensus seems to be that if HRDs are to truly become boardroom equals, they must be fluent in the language of the CEO or FD – […]
Are female senior managers really paid less?
There's so much rich insight coming out of the academic sector that HR professionals need to know. At Academics' Corner we feature the best HR researchers that tell you what they’ve found and what you need to do differently on the back of the research. Get connected to the academic sector through Academics’ Corner and […]
Brexit: is your reward strategy in or out?
June is fast approaching and that can only mean one thing, the EU referendum. We are being asked a very big question: should the UK remain a member of the European Union or leave? Commentators are trying to inform us of the potential consequence of our decision with the possible impact ranging from expats becoming illegal […]
Attracting and retaining: the role of flexible benefits
Recruitment and retention of good, skilled staff is a challenge for most employers, whatever the sector and whatever the economic climate. This has led to the increasing importance of having a reward package that is as attractive to existing staff as it is for new. Flexible benefitsTo respond to these changes, many employers are giving […]
