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The new equation for total reward strategies

The new equation for total reward strategies
Pay, incentives, and benefits haven’t significantly changed for decades, but people’s preferences have. Employee compensation needs a rethink if companies are to attract and retain talent.
Photograph by The Good Brigade
Recently, a major US insurance broker with 20,000 agents started to question why so many were leaving the company and taking their business books with them. The answer lay in the data about reward. It turned out the company was significantly out of touch with what people wanted. The company’s employee preference surveys had not been translated into the type of benefits it was offering. Based on the new analysis, the company redesigned its performance-based compensation, reduced equity awards, improved supplemental healthcare, and implemented a personalized training and development portal. The result: increases in agent sales performance (of 5 to 20%), engagement (up to 21%), and employee satisfaction an ....

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Regulation and investors' demands push fund managers towards ESG

Regulation and investors' demands push fund managers towards ESG
cityam.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cityam.com Daily Mail and Mail on Sunday newspapers.

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Half of UK firms to cut office space

Hybrid working embedded into the working culture of many organisations, PwC survey suggests
Half of UK businesses expect to reduce the size of their office space, with a third looking to cut it down by 30%, according to a new report.
PricewaterhouseCoopers (PwC) surveyed 258 C-Suite executives and over senior employees of the UK s largest companies and their proposed cuts roughly equated to nine million square feet of space.
The finding indicates an appetite for hybrid work models in the UK, where employees mix remote and in-office shifts, with around 71% of the respondents planning to increase investment in technology to enable more agile work models over the next two years. ....

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Birmingham 2022 announces major sponsorship deal with PwC UK

Birmingham 2022 announces major sponsorship deal with PwC UK
Friday, 14 May 2021
Birmingham 2022 has announced a major sponsorship deal with PwC UK as the build-up to next year s Commonwealth Games continues.
The global accountancy firm, one of the largest employers in the United Kingdom, has been named as the official supplier of professional advisory services for the Games.
It means the company will work to improve skills, jobs, diversity and social mobility surrounding the event.
PwC is already said to share a set of values with Birmingham 2022 on delivering inclusive growth for communities.
Three-thousand of the company s 22,000 UK employees are based in the West Midlands, where PwC is said to play a vital role in the growth of the region. ....

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Bank of England looks into launching its own 'Britcoin'

Bank of England looks into launching its own Britcoin ....

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