REWARD MANAGEMENT
Little change in the management and communication of reward programmes
Why are changes to reward not always a resounding success? Because little progress has been made in ensuring the effectiveness of implementation, communication and management of these reward programmes, according to new research by Towers Perrin.
The successful investment in new reward practices involves a great deal of effort, commitment and expertise. And it is probably the most difficult task facing HR managers. But much of the Towers Perrin research brings a sobering sense of plus ca change when it comes to the process of pay change management and communication. Indeed, according to the survey participants, one of biggest challenges still facing their organisations is in the implementation and management of reward changes.
"Communicating about rewards and performance remains difficult -- partly due to the number and complexity of the programmes, partly because it can be difficult to engage the whole organisation in the process," says Towers Perrin. The survey found that two-fifths of non-management employees are thought to have only a "low level of understanding" of how their performance affects business results.
Want to know more?
Title: Reward and Performance Management Challenges: Linking people and results, Towers Perrin.
Methodology: Survey of 1,300 organisations in Asia, Europe, North America and Latin America. The analysis reviewed here focuses exclusively on the results from the 90 or so UK and Ireland survey participants.
Availability: Contact Rob Dwyer, Towers Perrin, tel: 0207 170 3569, or email: rob.dwyer@towers.com
Towers Perrin is a global professional services firm that "helps organisations around the world optimise performance through effective people, risk and financial management". The firm has served large organisations in both the private and public sectors for 70 years. Its clients include three-quarters of the world’ s 500 largest companies and three-quarters of the Fortune 1000 U.S. companies. Towers Perrin has over 8,000 employees and 79 offices in 24 countries.
Posted 13 February 2004