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Pay and Benefits for Strategic Change  [FP 24]

Designing Pay Systems for Organisational Performance in Financial Services
This large manual is a full Guide that focuses on the way pay systems in financial services can be redesigned to impact on organisational performance.

It contains a Model for designing business strategy based pay systems and 25 corporate Case Studies:

Abbey Life; Bain Hogg; Barclays Bank; Bradford & Bingley; Chase; Cigna (USA); Equitable Life; First Direct; Frizzell; General Accident; Guardian Direct; Halifax Building Society; ITT London & Edinburgh; Japan New Securities; Lloyds Bank; Midland Bank; National & Provincial; NatWest Life; Norwich Union; Pearl Assurance; Prudential Financial Services; Scottish Provident; Sun Alliance Group; Trigon (USA); TSB Group; Virgin Direct.

The manual includes privately gathered insights from Chief Executives and Remuneration Managers. It covers the forces which are eroding traditional systems and influencing thinking about challenges and solutions. 

The following issues are included:

  • Context:  - changes affecting the relevance and effectiveness of pay systems.
  • Influences:    - issues in designing pay systems and how trade-offs are made.
  • Strategic Choices:  - choices which practitioners face in thinking through pay policy.
  • Performance:  - dimensions of performance to be assessed, measured and rewarded.
  • Teams:  - dilemmas in identifying the right teams and the right rewards.
  • Competencies:  - designers are experimenting to encourage defined competencies
  • HR Strategy- driving change - the way forward. 

[R4 ~ 1995 ~ 74pps)

 

Employee Assistance Programmes and their Role in Culture Change
Jane Wright, HR Director, Jardines and Alistair Anderson of PPC.

What are EAPs? ~ Stress, Alcohol, Drugs, Marital issues, Absenteeism ~ Benefits for Employers ~ the business case ~ the family ~ confidentiality and independence ~ privacy and accessibility.

The process of counseling ~ management training ~ internal communication. 

[T3 ~ 1991 ~ 4pps]

 

Motivating Key People for Long Term Performance
Stephen Collins, Independent Consultant, Associate, Reward Group.

Rewarding Long Term Performance ~ definitions ~ long term incentive schemes ~ how to develop in house ~ benefits for the organisation & individuals ~ trends ~ performance measures ~ future ideas.

Demographic changes ~ restraints ~ do incentives really incentivise people or are they a way of keeping up with the market rate for job?

 

[T29b ~ 1997 ~ 3pps]

 

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