This winter you can bring a colleague for free on selected reward management training workshops. A complimentary second delegate place is included in all bookings. Double the training, half the cost on the following classes:
Dianne Auld’s Pay Structuring Workshop
Dianne Auld’s Incentive Design Workshop
Dianne Auld’s Excel For Reward Masterclasses
Dianne Auld Diploma: Excel For Reward Pro – Levels 1 & 2
An Introduction To Reward Management
Reward Strategy Executive Workshop
Note: Offer excludes E-REWARD's classes in partnership with WorldatWork and David Cichelli.
When Glaxo Wellcome and SmithKline Beecham merged to form GlaxoSmithKline in 2000, the organisation adopted a new approach to reward. This stresses pay for performance and increases the proportion of pay "at risk" whilst creating and emphasising total reward.
The company's TotalReward package contains Total Cash (base pay, bonuses, and for managers, share options); Lifestyle benefits (which include healthcare, dental care, family support, and employee assistance); a corporate discount scheme; a car scheme; and Savings Choices (a pension plan and two share schemes).
In addition the company puts resources into creating a pleasant work environment, providing development opportunities and encouraging work-life balance. The greatest challenge from a compensation and benefits perspective, it says, has been educating and communicating this new approach to all staff.
For more details see our review, published in the 'News' section of e-reward.co.uk, 21 October 2003.