We live in an environment of continued cost-constraint, skills shortages and labour mobility. At the same time, there is pressure to improve productivity, unlock discretionary effort and improve employee engagement. Unsurprisingly, companies are looking for new ways to drive value from reward spend, and help support the business imperatives. Overlaying this, is pressure to respond to changes in pensions, the living wage, and the equal pay agenda.
The information to establish the right level of compensation to attract and retain key talent is key to this. Our annual Executive and Management Reward Survey is a comprehensive dataset that allows you to effectively benchmark your compensation packages against the competition and help to inform your reward strategy. Our latest survey collected salary, incentive and benefits data from 230 FTSE 100, FTSE 250, FTSE Small Cap companies and equivalent sized UK private companies and divisions, covering over 15,000 roles.
Data alone is not enough however. There are broader trends around performance management systems and the pay outcomes, pay progression and the employee value proposition. In this report we show the areas of focus in 2016.