REWARD FUNCTION
Case studies examine changing structure of reward function
E-reward has today published a new study exploring how three large organisations operating in the UK have remodelled their HR and reward and functions in order to meet modern business challenges.
This 22-page report draws on case-study interviews carried out by e-reward in July 2008 with:
Lloyds TSB
National Australia Bank Group
PricewaterhouseCoopers.
Structure of e-reward research
The in-depth study, researched and written by e-reward’s in-house reward experts, is published in two parts:
Part 1: Survey findings (published in e-research no. 56)
Presented the results of our UK Reward Census 2007 – a survey of 150 reward professionals. The focus of this e-reward survey was to examine the major current challenges facing professionals employed within UK reward functions. More specifically, those surveyed were asked questions concerning their own reward functions, career paths within reward, the type of reward work they do, as well as what they believe they should be doing to promote business success.
Part 2: Case studies (published in e-research no. 58)
HR and reward functions have faced the prospect of major transformations in recent years that involved taking on a more strategic role in support of the business. The second and final phase of our large-scale study, published in this latest issue of e-research, involves original research via three case studies.
E-reward explores what are the factors involved in these large multinational businesses making their choices in favour of delivery models inspired by the work of US academic David Ulrich (see below).
This has required fundamental changes in the shape and structure of reward functions in these organisations – replete with the introduction of shared service operations, technical centres of expertise and HR business partners. It is also worth noting that Lloyds TSB has re-modelled its former Ulrich-type business partnering model, moving instead to one based on the same philosophy, albeit with some significant adjustments.
Want to know more?
Title: “What is happening to the reward function: Case studies”, e-research no. 58, published by e-reward in September 2008.
Availability: The report is available as part of an annual subscription to e-reward research report series, e-research. Starting at £255 + VAT buys you a single annual subscription, giving you 11 reports each year. For an additional fee, paid-for subscribers may access our digital archive which contains every research report we have published since 2002. You can then download all the reports via this web site.
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