Compensation & Benefits
Every year we look back and think ‘that was the hardest one yet’, but 2022 has brought about its own unique set of challenges. The economic impact of political turmoil both home and abroad is having a very real impact on the pockets of our employees, and the cost-of-living crisis is now firmly embedded. Learn more about UK Top Employers are doing to support their employees through the cost of living crisis.
Hybrid and remote work are here to stay. As organisations start to implement this thinking into their planning they will, above other initiatives, need to rethink some of their previous methods of recognising and rewarding their employees to meet their current workplace. Rewards and recognition are an important part of any organisation’s relationship to their employees. So, what can organisations do now to make an impactful change?
We asked the Vodacom Group Limited’s Managing Executive Rewards and Benefits expert, Tersha Walljee to share her knowledge about their Rewards and Recognition programme and how this translated into driving a purposed-led organisation.
Engagement with one’s work is fundamental to each and every employee’s journey. In our Top Employers Institute HR Best Practices Survey, our “Engage” domain covers some core elements, including well-being, rewards and recognition, off-boarding - and of course engagement itself. Top Employer STMicroelectronics provides an excellent example of how this can impact positively on the employee experience.
Employers are using rewards and (in particular) recognition to transform themselves from managing the employee experience to understanding and supporting their broader life experience.
Hr best practice
6 minutes read
With the demand for transparency in the current workplace, as well as changing needs and preferences, Top Employers are starting to evolve their compensation models.