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Benefit and Rewards?. Recruitment International The Number 1 Recruiter To Work For? 19 th September 2013. My Background and Goodman Masson. ‘Best Large Recruitment Agency to work for’ 2013 ‘ Best Professional Services Recruitment Company’ 2011 & 2012.
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Benefit and Rewards? Recruitment International The Number 1 Recruiter To Work For? 19th September 2013
My Background and Goodman Masson ‘Best Large Recruitment Agency to work for’ 2013 ‘Best Professional Services Recruitment Company’ 2011 & 2012 ‘Best Reward Strategy Aligned to Business Strategy’ 2013 No. 28 in the Recruiter Fast Track 50, fastest growing UK businesses Ranked No. 2 - 2011 Ranked No. 8 - 2012 CEO of Goodman Masson Based in London and Germany £10.5m Gross Margin Headcount of 130
How are we perceived?Clients Board meetings Reward and Benefit is huge for any business Why? • Attraction challenges • Retention challenges • Development of their people • Protection and growth of employee brand • Benefit and Reward
What do our people want from us? Infrastructure to Succeed • Good client acquisition • Strong candidate flow • Investment ion Brand Career Path • Opportunity for progress • Evolve Professionally Environment to have some Fun • ‘There’s more to live than Work’ Well & Correctly Rewarded
What do our people want from us? • Social Enterprise survey by Coalition - 1 in 4 would take a salary drop for other benefits • 40% of workers think companies only care about profit not engagement • Generation Y choose work life and wellbeing before financial rewards • ‘Y’ will stay if supported, looked after, engaged and greater say on how they are paid New generation asking for more than just basic salary
What do our people want from ‘Benefits and Reward’? Not just a basic Salary Not just a bonus Not just a holiday entitlement It is the total overall reward package Best Reward Strategy aligned to Business Strategy 2013
The Benefits Boutique • Best Reward Strategy aligned to Business Strategy 2013
The Benefits Boutique • Best Reward Strategy aligned to Business Strategy 2013 • Mortgage fund
The Benefits Boutique • Best Reward Strategy aligned to Business Strategy 2013 • Mortgage fund • Student Loan Fund
The Benefits Boutique • Best Reward Strategy aligned to Business Strategy 2013 • Mortgage fund • Student Loan Fund • Buying and Selling Holiday
The Benefits Boutique • Best Reward Strategy aligned to Business Strategy 2013 • Mortgage fund • Student Loan Fund • Buying and Selling Holiday • Home Improvement Loan
The Benefits Boutique • Best Reward Strategy aligned to Business Strategy 2013 • Mortgage fund • Student Loan Fund • Buying and Selling Holiday • Home Improvement Loan • New Parent Loan
The Benefits Boutique • Best Reward Strategy aligned to Business Strategy 2013 • Mortgage fund • Student Loan Fund • Buying and Selling Holiday • Home Improvement Loan • New Parent Loan • Knowledge Fund – ‘There’s more to life than work’ Italian Classes Start tonight! 5.30 in the Chill Out Zone!
The Benefits Boutique • Best Reward Strategy aligned to Business Strategy 2013 • Mortgage fund • Student Loan Fund • Buying and Selling Holiday • Home Improvement Loan • New Parent Loan • Knowledge Fund – ‘There’s more to life than work’ • Leasing a Car
The Benefits Boutique • Best Reward Strategy aligned to Business Strategy 2013 • Mortgage fund • Student Loan Fund • Buying and Selling Holiday • Home Improvement Loan • New Parent Loan • Knowledge Fund – ‘There’s more to life than work’ • Leasing a Car • Sports Membership
The Benefits Boutique • Best Reward Strategy aligned to Business Strategy 2013 • 80 - People participating • 30 - Mortgage fund • 3 - Student Loan • 25 - Bought holiday • 10 - New Cars • <14% attrition