TOTAL REWARD
New IDS report on total reward
Incomes Data Services has published a report examining total reward, featuring six case studies from both the public and private sectors and the new IDS model of total reward.
All organisations offer their employees more than simply pay and benefits. But, according to IDS, only a few actively seek to define all of the different elements they provide – such as opportunities for personal development, scope for career progression and a good work-life balance – and combine them into a coherent whole for the purposes of communicating their entire employee proposition.
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It is this combination of tangible and intangible elements, and the active management of this package, that sits at the heart of the total reward philosophy.
What you will find in this report
The report is divided into two main sections:
1. Analysis
The concept
Introducing a total reward approach
The elements that comprise a typical total reward package
The IDS model of total reward
Communication is key
Measuring the impact.
2. Case studies
The report includes details of the total reward approaches at:
Nationwide Building Society
KPMG
Buckinghamshire County Council
The Royal Bank of Scotland Group
The University of Derby
Bristol-Myers Squibb.
Want to know more?
Title: “Total reward”, IDS HR Study 871, June 2008.
Availability: An annual subscription to IDS HR Studies brings you two issues a month (24 a year). These include all the expanded StudyPlus titles and quarterly HR Updates as they are published. It also offers full access to IDS HR Studies Online.
Take out a subscription online at www.e-commerce-suppliers.com/dpClient/onlineorders/studiesservice.jsp.
IDS is the “leading UK information and research service” on employment issues, providing a range of publications for employers, trade unions, government departments and other agencies. To find out more visit www.incomesdata.co.uk.