Compensation Planning – The key to a motivated and satisfied workforce
Compensation and reward strategies have changed radically over the past few years with the impact of the pandemic and the trends that followed.
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Compensation and reward strategies have changed radically over the past few years. The impact of the pandemic, plus the unending trends which followed – from the Great Resignation, to quiet quitting, the cost-of-living crisis to spiralling inflation-hit remuneration in some sectors – have led businesses and HR in particular to rewrite their entire approach to recognition.
At this webinar, Andi Perger, Product Marketing Manager – Cezanne HR; Dr Duncan Brown, Principal Associate – Institute for Employment Studies and Paul Devoy, Chief Executive – Investors in People gave their unique perspectives on how HR needed to respond.
While there may be more emphasis on remuneration in the face of rising costs, this is by no means the whole story. The pandemic has made flexible working options part and parcel of every employer’s offer and employers can be more creative in the way they recognise and reward their people. The panel agreed delivering as individual a package as possible was key to motivating and retaining employees and technology certainly has a part to play in delivering this without HR suffering from excessive amounts of admin work.
At the same time there was an appreciation of how complicated reward has become for organisations. The concept of furlough payments, for example, did not exist before the pandemic. Add into this the way in which jobs themselves are evolving, through the use of technology and AI and organisations are faced with a highly volatile and uncertain scenario where some skills are scare and difficult to find while other jobs are in danger of disappearing completely. Over the top of this the need for compliant practice and the measurement of issues such as the gender pay gap continue to present challenges for those charged with ensuring reward is equitable for all.
The webinar is well worth a watch. Packed full of interesting facts and opinions the session provided practical ideas for all HR professionals who want to attract, motivate and retain their best people.
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About Cezanne HR
Trusted by thousands of HR professionals worldwide, Cezanne HR provides modular end-to-end HR software and managed payroll services for UK & global businesses. Their software dramatically reduces HR admin overheads, turns HR data into meaningful reports, and connects & engages employees, wherever they are.
Speakers
Andi Perger: Product Marketing Manager - Cezanne HR
Andi is part of the HR community for over 10 years. She started her career in international companies such as Tata Consultancy, Vodafone and Blackrock filling in various HR roles including compensation and rewards.
She then pivoted to the HRIS software world implementing SaaS solutions bringing her on-hands experience to solve customers’ pain points and combine her passion for people and technology.
In 2020 she moved onto product marketing to be the link between product, marketing and customer needs, and now works at Cezanne HR providing leading HR & Payroll software solution for small and mid-sized companies.
Andi graduated from the Budapest Business School and currently completing her Executive MBA with ESADE – Ramon Llull University in Barcelona.
Dr Duncan Brown: Principal Associate - Institute for Employment Studies
Duncan is an independent rewards and equality adviser and researcher, with more than 30 years’ experience for employers including IES, Aon Hewitt, PwC and Willis Towers Watson. He also spent five years as Assistant Director General and head of research and policy at the CIPD.
His recent clients have included major firms such as Network Rail and Shell, public sector bodies such as the National Health Service and Equalities and Human Rights Commission; and not-for-profit organisations such as the Council of Europe, Church of England, Unicef, the RSPCA and Fairtrade.
Duncan is a leading commentator on reward issues, who has published numerous reports, articles and books. His latest book written with Michael Armstrong is the best-selling A Handbook of Reward Management. Human Resources magazine placed him in its listing of the top ten most influential thinkers in UK HR in 2022.
Duncan advises a number of remuneration committee including Christian Aid and the London School of Economics. He is an employer trustee for the CIPD Pension Plan. He has participated on Government taskforces concerned with fair pay (the Hutton Review), engagement, pensions and gender pay reporting. He carried out government reviews of the pay setting methods for key public sector workers including doctors and dentists, the judiciary and Armed Forces personnel.
Duncan has an MA from Cambridge University, an MBA from the London Business School and is a Chartered Companion of the CIPD. He is a Principal Associate at the Institute for Employment Studies and a Visiting Professor at Greenwich University. He has a doctorate in reward strategy.
Paul Devoy: Chief Executive - Investors in People
Paul is the Chief Executive of Investors in People (IIP). In 2016, Paul led the buyout of IIP from the UK Government and the organisation is now a Community Interest Company. IIP’s purpose is to Make Work Better. Investors in People works with a community of organisations, employing over 1 million people providing digital diagnostic tools, advice, support, and assessment against their internationally recognised Frameworks. Our network of 150 skilled and experienced Practitiooners work with organisations across 70 countries, but predominantly in the UK.
Prior to leading Investors in People, Paul was a Director at the UK Commission for Employment and Skills, an executive non-departmental body that offers guidance on skills and employment issues in the UK. He led the development and implementation of strategic programmes to create sustainable skills solutions with joint investment from industry and government.
He previously worked in the Scottish Prison Service for 4 years leading on change management programmes. He spent his early career working in local DWP offices. Paul studied Human Resource Management, graduating in 1994. He is a Chartered Fellow of Chartered Institute of Personnel and Development and a Companion of the Chartered Management Institute.
Host
Simon Kent: Head of Content - The HR World
Simon Kent has been a freelance journalist in the field of HR and the workplace for over 20 years.
He cut his teeth travelling the country asking people what they did for a living for The Guardian and developing an interest in how work and employees are managed.
He has written extensively for the national press, business and professional publications dedicated to general and specific HR functions, taking in HR tech, pay and benefits, legal, training, recruitment and more.
He has edited HR and public sector magazines, digging out the best stories and liaising with senior level personnel and high-profile public sector leaders to bring great content to readers.
He has written books, blogs, white papers, features, profile, case studies and more. He has chaired round tables and brought high quality coverage online to a diverse platforms as electronic media has evolved.
He continues to be motivated to find the stories and subjects that matter most to readers and ensure they deliver value every time.
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