RNews Sept 2015

Welcome to the September edition of R.News

by Andrea van Olst, Senior Remuneration Consultant, Remesys

Dilbert

If you are anything like me then every time you read Dilbert you will laugh out loud but also cringe a little at just how close to home it is. In this edition of R.News, we review the need for the Performance Review, offer some tips for your variable pay strategy and share Danone Nutricia's R.Review journey...

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The Danone Nutricia Experience

Nutricia is one of the growing number of organisations experiencing the benefits of implementing R.Review, an online solution to manage the salary and incentive review process. In implementing R.Review Nutricia have reduced the administrative burden of managing their review process and received fantastic feedback from their managers about the new approach.

Nutricia, part of the France based Danone Company, has a mission to bring health through food to as many people as possible. Nutricia is recognised as the leader in specialised nutrition and operates in a unique position in the global market as the only company whose entire business is based on nutritional products and support for all age groups.

Following their first year of using R.Review, Remesys’ award winning SaaS salary review solution, Mandy Allen, Nutricia’s Human Resources Manager for Australia and New Zealand explained their reasons for implementing R.Review and their experiences throughout the process. You can read the case study here or Downlad the PDF version.

In the past 12 months companies such as Boral, ClearView, Cristal, Foxtel, GrainCorp, HCF, IOOF, SMEC and Sportsbet have all implemented our online salary review solution to replace their manual spreadsheet approach to manage the remuneration review process.

R.Network

At our next R.Network event we'll be hearing from an Australian expert on Gender Pay. With National Statistics showing very little movement in the gender pay gap we'll discuss the 'devil' that sits behind the statistics and ask what can be done and who is responsible for doing it? Register your interest to attend the event here Join R.Network on LinkedIn

Re-thinking your Variable Pay Strategy…?

The inclusion of a variable pay component within a Total Rewards Package is increasingly becoming standard practice and employees now view the existence of the incentive plan as mandatory. The challenge for organisations today is to ensure that their incentive plans balance the requirements of the business, with the desires of the individual, offering something that differentiates you from your competitors while still remaining financially viable for the business.

Whether designing a new incentive plan, or just re-thinking an existing one, make sure you consider the following:

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