How Total Rewards Data Can Help Get Your Business Through the Crisis w/ Ken Charman, uFlexReward
In this HRchat interview, we talk about why total reward data is an important resource for organizations trying to respond to the impact of Covid-19 as we consider some recent findings that suggest a new focus needs to be given to the roll-out of automation and digitization of reward management.
Bill's guest this time is Ken Charman, CEO at uFlexReward, an HR and rewards data platform that collates all costs to do with employees (salary, pension, bonus, shares, etc) into one real-time platform.
uFlexReward recently published the results of the uFlexReward Digital Reward survey. The poll had responses from 30 key companies across various industries such as Engineering, Oil & Gas, and Healthcare. Findings include the suggestion that 73% of companies calculated pay equity without including all categories of reward, and the majority of respondents said their companies only generate pay equity data once a year.
Listen and learn:
- Why is Total Rewards data especially critical right now for organizations trying to get out the other side of Covid-19?
- How has calculating pay equity been made more complicated as a result of covid and blended/hybrid workforces and what do your findings suggest?
- Why are traditional fixed salary and one-size-fits-all benefits packages archaic?
Want to learn more? You can hear from Ken and Peter Newhouse, Global Head of Reward at Unilever in episode 198. In that conversation, we focus on why total reward data is an important resource for organizations trying to respond to the impact of Covid-19 in ways that allow for the retention of employees.
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