Sean MacHale
Partner & European Rewards Practice Leader
To truly motivate your people to perform and engage them in the values of your culture, having the right employee reward programmes is critical. But in this era of the individual, ‘rewards’ means different things to different people at different times in their lives.
In order to fully leverage the potential of rewards as an employee engagement and talent attraction tool, organisations now need to go beyond the traditional contractual rewards of pay and broad-brush benefits plus ad hoc components.
To tailor their value proposition, companies have begun using ‘personas’ to identify what matters most to target populations and to operationalise their employee rewards programme for distinct groups.
Innovative rewards programmes effectively address an individual's preferences – enabling them to feel healthy, supported and energised, personally as well as professionally – while staying within organisational and cost realities. A balance can be achieved with the right reward and recognition strategy.
Employees’ core expectations about work are changing. Many are now searching for a caring corporate culture that prioritises their mental and physical health while providing work-life balance and career paths – sustainably.
To attract and retain talent, it is critical to ensure your EVP reflects our changing world.
Pay transparency and equity are becoming the ‘normal’ in modern businesses.
A culture of transparency drives better workforce outcomes.
Pay transparency is also now a legal compliance issue in an increasing number of places.