benefit and rewards? recruitment international the number 1 recruiter to work for? 19 th september...
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Benefit and Rewards?
Recruitment International The Number 1 Recruiter To Work For?
19th September 2013
My Background and Goodman Masson
CEO of Goodman Masson
Based in London and Germany
£10.5m Gross Margin
Headcount of 130
No. 28 in the Recruiter Fast Track 50, fastest growing UKbusinesses
Ranked No. 2 - 2011Ranked No. 8 - 2012
‘Best Large Recruitment Agency to work for’ 2013‘Best Professional Services Recruitment Company’ 2011 & 2012
‘Best Reward Strategy Aligned to Business Strategy’ 2013
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?
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?
New generation asking for more than just basic salary
- 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
What do our people want from ‘Benefits and Reward’?
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 fundStudent Loan Fund
The Benefits Boutique
Best Reward Strategy aligned to Business Strategy 2013
Mortgage fund
Student Loan FundBuying and Selling Holiday
The Benefits Boutique
Best Reward Strategy aligned to Business Strategy 2013
Mortgage fund
Student Loan Fund
Buying and Selling HolidayHome Improvement Loan
The Benefits Boutique
Best Reward Strategy aligned to Business Strategy 2013
Mortgage fund
Student Loan Fund
Buying and Selling Holiday
Home Improvement LoanNew Parent Loan
The Benefits Boutique
Italian ClassesStart tonight!
5.30 in the Chill Out Zone!
Best Reward Strategy aligned to Business Strategy 2013
Mortgage fund
Student Loan Fund
Buying and Selling Holiday
Home Improvement Loan
New Parent LoanKnowledge Fund – ‘There’s more to life than work’
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 CarSports Membership
Summary
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
Questions?