Xero’s largest cost is remuneration and reward and like most companies, Xero had never conducted a thorough review. Remuneration and rewards are most effective when aligned with employee priorities and Xero was fortunate to have additional budget this financial year to invest into our people in order to support our attraction and retention strategy. WeRead more
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When COVID shifted our world in 2020, everyone and every business have been affected. For many, it meant new opportunities and they excelled, for most, it meant their comfort zone shifted and a new normal needed to be created. A new normal that requires new innovative ideas to survive, or you are left behind. TotalRead more
Whilst many organisations have looked at removing prescriptive performance ratings, very few in New Zealand have made the plunge to remove them completely when it comes to determining remuneration outcomes, especially at annual salary review time. Some organisations have changed their approach, by placing employees in categories of performance, rather than a specific number orRead more
Diversity & Inclusion has always been a topic of interest for me but as yet I have never worked in a company that fully embeds it and does it well. It generally feels like a topic that raises its head as an outcome from a Gender Pay Gap analysis or Talent/Succession process whereby there isRead more
Getting the most out of your employee benefits When was the last time your organisation reviewed the benefits you offer to your employees? A clear goal of what you’re trying to achieve with your benefits can help to ensure that you maximise your return on investment for your benefit spend, and that any changes willRead more
Why is our workforce ageing? There is a number of reasons why our workforce is ageing. Most of them are demographical and include baby boomers reaching retirement age and young people entering the workforce later. An improved healthcare system allows people to stay healthy and active for longer, while the increased life expectancy creates aRead more
What about the ethnicity pay gap? Analysing beyond gender A lot has been written about the gender pay gap, but a lot less is being said about analysing pay gaps linked to other D&I factors, such as age, disability and ethnicity. Some recent statistics from a joint study of pay equity practices conducted by WorldRead more
People are our organisations’ most valuable resource. At this point in history, when technology is replicable and markets are volatile, some researchers believe that a capable and engaged workforce is the most important component for any company’s success. People are also one of the most expensive resources, particularly good people. For most businesses Employment CostsRead more
A few years ago, we published an article on why Workforce Planning & Analytics and Reward was a match made in heaven. It highlighted the reliance on similar sets of information and of course the skills required to do both jobs. Since we know Reward delves in the area of perceived value, do we continueRead more
It’s nearly a year since New Zealand celebrated the 125th anniversary of being the first country to grant women the vote. Commemorative events focused public opinion and media commentary on what New Zealand has achieved for women since that trail blazing moment in history. New Zealand was ranked seventh in the World Economic Forum’s GlobalRead more
