Reward Strategy

Reward Strategy is a top media brand designed for professionals and influencers in the fields of payroll, rewards, pensions, benefits, and human resources.

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Articles

Addressing the seasonal hiring conundrum

Nov 13, 2024 | reward-strategy.com | John Pearce

The surge in seasonal hiring, aimed at meeting the spike in consumer demand, frequently leads to operational headaches and stretched resources. Why, despite advances in workforce planning, does seasonal hiring continue to present significant hurdles for payroll departments? And, more importantly, how can businesses better manage the increased workload and ensure a seamless payment process for temporary staff?
Industry leaders gather for insightful Reward & Payroll Summit

Sep 11, 2024 | reward-strategy.com | Michal Lodej

The summit kicked off with a compelling keynote address by industry veteran David Roberstson, head of Global Payroll at NatWest, who emphasised the "three Cs" crucial for securing investment: Cost savings, compliance, and colleague experience. This set the tone for a day filled with data-driven discussions and forward-thinking strategies.
Incentive Awards shortlist announced

Sep 4, 2024 | reward-strategy.com | Michal Lodej

In its second year under the Reward Strategy banner, this awards programme underscores the critical role of incentives in today’s workplace, forming an integral part of a holistic reward strategy. The finalists will now have their nominations examined by an expert judging panel, drawn from across the different industry sectors to determine who is the best of the best. To see a full list of the shortlisted companies click here.
Payrollers uncertain about career future

Sep 3, 2024 | reward-strategy.com | Michal Lodej

Those who responded drew attention to the high levels of stress (34%), job security (31%) and lack of investment in individuals (22%) as the primary drivers for this uncertainty. The report also highlights that over half (56%) of all payroll workers believe greater investment is required in the sector, with 47% seeing untapped potential within the payroll function in their organisation.
Prevention is “not a priority” in health and wellbeing support

Sep 3, 2024 | reward-strategy.com | Michal Lodej

Research from GRiD, the industry body for the group risk sector, also found that 57% of employers provide health and wellbeing support after a set number of weeks’ absence, and 33% provide it from day one.
Right to "switch off": Clarity is required

Aug 27, 2024 | reward-strategy.com | Michal Lodej

A new Labour government has promised plans to make working environments fairer with a new Employment Rights Bill. A major aspect of that Bill is the so-called, ‘right to switch off’, which could open the door to employees seeking compensation, if they are contacted outside of their normal working hours. HR departments in the UK might be getting a lot busier. The difficulty lies in the way working practices have evolved in recent years.
The Rewards shortlist revealed for 2024

Aug 14, 2024 | reward-strategy.com | Michal Lodej

Once again proudly supported by PwC as the headline sponsor, The Rewards are returning to the Hilton London Bankside on 10 September 2024 to celebrate the industry’s finest achievements on a company, team, and individual level, with a glamorous black-tie gala dinner. This year’s event promises to be more spectacular than ever. The entries will now have their entries examined by an expert judging panel, drawn from across the different industry sectors to determine who is the best of the best.
Chancellor’s plans to increase pensions unveiled

Aug 6, 2024 | reward-strategy.com | Michal Lodej

The plans involve using the UK’s various pensions schemes, worth over £2.5 trillion, to boost investment in start-up companies. The reforms will also unlock up to £75 billion of additional investment from defined contribution and local government pensions, supporting the Prime Minister’s priority of growing the economy, and delivering tangible benefits to pensions savers.
Industry leaders honoured in Reward 300 Index 2024

Jul 4, 2024 | reward-strategy.com | Michal Lodej

Reward Strategy, the leading publication for reward and payroll professionals, has today announced its highly anticipated Reward 300 index for 2024. This prestigious list recognises the most influential and innovative leaders across the reward, payroll, HR, employee benefits, and workplace pensions sectors. The Reward 300, now in its 15th year, has evolved from the original Payroll Top 50 launched in 2009.
Staying one step ahead in AI Education

Jun 24, 2024 | reward-strategy.com | Alexia Pedersen

The release of ChatGPT in late 2022 kickstarted a technological revolution, almost everyone involved with technology—from students to C-level execs—has experimented with the tool and businesses in nearly every industry across the globe have spared no expense when exploring the benefits of GenAI. Fast forward to 2024 and almost every organisation is reaping its rewards, with OpenAI stating that 80% of Fortune 500 companies have ChatGPT accounts.