All About HR - Ep#1.6.1 - A Future-Proof Reward Strategy is Flexible, Personalized & Inclusive

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Welcome to another episode of All About HR! This is the podcast & video series for all HR Professionals and business leaders who want to future-proof their organization and learn about the latest trends & insights from industry experts, CHROs, and thought leaders. 🚀
Welcome to the first episode of our two-part interview with Unilever’s Global Reward Counselor, Peter Newhouse. Peter is an expert on pay and a forward-thinking reward innovator. 💡
Reward systems are the glue that keeps companies together, motivates employees, and boosts performance and commitment ✨What are the key elements of a future-proof reward system & how can you inspire exceptional performance and employee commitment? 🤔
In this interview, we dive deeper into the future of reward and its main characteristics: flexibility, personalization, and inclusivity❗
We will discuss:
🔥 Key element of a successful reward strategy
🔥 Who are the “Plumbers of HR”?
🔥 What is the role of reward in HR and today’s world?
🔥 Awareness of the emotional aspect when talking about reward
And much more!
0:00 - Introduction: Who are the plumbers of HR?
3:32 - Reward is about encouraging people to improve performance & engagement
4:25 - A successful reward strategy is a personalised reward strategy
6:26 - Extending the definition of flexibility beyond flexible benefits
7:50 - Your reward strategy should be based on evidence, not your belief systems
10:54 - Being aware of people’s feelings is key. Pay is a very emotional subject
12:14 - Invest in your core employees. They are the secret source of your company
15:05 - Unilever’s living wage commitment
17:07 - At Unilever, you don’t get paid according to your nationality or location
19:16 - To Be continued
Stay tuned for Part 2 of our exciting conversation with Peter, where we will share more insights on leveraging data in reward, the importance of employee feedback, and the approach of employment for life! 🔜
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[@dulajhettiarachchi9815]

Very good insights. Can I pls have the link for the next episode on this. Thanks.

[@AIHRAcademytoInnovateHR]

Hi, Dulaj! Thank you for your interest in our video series! You can find the second episode here 👉th-cam.com/video/zt3osBiEX3k/w-d-xo.html
Best,
Betty from AIHR