Reward and performance
Heads of Reward face a continuous challenge of being creative with the available budgets they have. But how do they balance tighter budget with retaining their top talent?
Overview
Our annual Executive and Management Reward Survey brings together salary, incentive and benefits details from FTSE listed and equivalent size private companies. Our survey provides a picture of current market reward practice, trends and reward issues facing the wider management population.
What are the key challenges?
- Shifting productivity and changing behaviours through reward and performance to gain competitive advantage.
- Recruitment and retention of key skills in the face of a tightening labour market and potential future restrictions on overseas recruitment.
- Motivating and incentivising employees in an environment of budget constraint.
- The ‘fairness debate’ has created some key challenges that Reward practitioners will focus on in 2018, such as the publication of gender pay ratios and narratives around the findings.
An overview of our 2017 survey. What did we find?
25% of respondents are prioritising recruitment and retention as an area of focus
30% said their performance arrangement and the link to reward will be a key strategic issue in 2018
75% said gender pay reporting is the single most important priority in 2018
40% are looking to change their employee value proposition
50% will make changes to simplify their bonus plans
Your company’s reward overview. On a page.
One of our goals as a firm is to solve important problems for our clients. In some situations, the best way of doing this is by taking a step back and looking at the bigger picture.
That is the reason why, in addition to releasing our wider Reward survey findings, we offer a complimentary service of gathering, segmenting and analysing its reward and remuneration data to provide a bespoke overview of what’s working and what isn’t, as well as an opportunity to spot trends across your organisation which can aid you and your organisation’s data-driven decision making. All information provided is contributed to our wider industry survey anonymously.
Non-Executive Director survey
In addition to our Executive and Management Reward survey, we also produce two Non-executive director (NED) surveys. Our NED surveys provides a comprehensive picture of the NED market practice and how NEDs are rewarded for their roles.
Download the surveys:
Our Reward specialists in action. Our client case studies
Our Reward & Employment team work with a range of clients across a number of sectors and industries of all sizes. The solutions we provide are rarely created in isolation: we work closely with our Human Resource Management, Global Mobility, Pensions and HR Technology teams to deliver the right answer to the right client.
Contact us
Hybrid Organisations, Workforce Strategy and Culture, PwC United Kingdom
Tel: + 44 (0) 7802 659129
