Annual Reward Conference, 6 February 2008

Chair: Michael Rose, CIPD Vice-President Reward and Director of Reward and Policy, Aon Limited

This seminar will provide a top level view of key economic drivers and explore how organisations are responding to these changes. Plus, hear the impact on reward practices of the current reward climate, evolving trends and latest developments from the CIPD Annual Reward Survey 2008.

Speakers: Charles Cotton, Reward and Employment Conditions Adviser, CIPD
David Smith, Economics Editor, The Sunday Times

Recruiting and retaining talent is one of the biggest challenges facing organisations today. Introducing specific reward strategies for high potentials can make all the difference.

But what drives high performers? Do they require different incentives to keep them engaged and committed? And how do you reward talent without alienating the rest of your staff?

Explore the relationship between reward and talent and understand how two leading organisations are using reward as an integral part of their talent management strategy.

Rahim Rajan, Head of Reward for Europe, Yahoo!
John Marsden, Human Resources Director,
Honda F1 Racing Team

The reward and employment climate is changing. More than ever before employees and potential recruits are looking for more than just financial remuneration. Organisational ethics, training and development opportunities and achieving a healthy work-life balance are all major factors when choosing a new employer.

Use this informal panel session to determine how organisations in the public, private and not for profit sector have successfully integrated non-financial aspects into their reward schemes. Learn how to successfully engage and recruit staff through additional non-monetary reward strategies.

Chair: Paul Bissell, Nationwide Building Society

Speakers: Gillian Hibberd, Buckinghamshire County Council
David Wightman, Head of Compensation and Benefits, Heineken
Janet Fleming, Head of Workforce Hub for the third sector, NCVO

Seminar A

Total reward is a very powerful management tool and change catalyst. But implementing a total reward scheme that also manages to promote your organisation’s reputation as an employer of choice can be a complex process.

Where do you draw the line between choices related to personal needs and choices what are strictly business related? How do you accurately assess the worth of non tangible and holistic benefits?

Whether you are reviewing, enhancing or designing a total reward approach, this seminar will give you an opportunity to hear some practical examples of how you can make it work for your organisation.

Chair: Mark Childs, Director, Total Reward Careers

Speakers: Colin Miller, Reward Manager, Kent County Council
Jim Cowan, Senior Consultant Rumenration and Benefits, RBS

Seminar B

Rewarding employees in direct correlation to their output seems like a straight forward and fair system but introducing and maintaining a transparent performance related pay scheme can be exceptionally challenging.

How can you accurately assess targets and results across an entire organisation? How can you support and develop line managers to act with fairness and transparency?

Understand how two organisations have successfully implemented performance related pay systems and use their experiences to determine how you could introduce or improve your scheme.

Chair: John Campbell, Citibank
Speakers: Samantha Gee, European Head Reward, KPMG
Vivian Leinster, Vice President Reward , BT Global Srvices, BT Group

Seminar C

Pay and incentives are highly emotive subjects that affect us all. So, when formulating a reward scheme for your organisation, it is vital to understand the science and psychology behind how people perceive reward and the connection between pay and performance. How can you avoid money becoming a demotivator? Do reward schemes actually deter positive decision making? How does financial reward impact the psychology of the individual?

This seminar will provide a fascinating exploration of the psychology of pay and reward as well as suggesting some practical tips and simple guidelines for motivating people in your organisation.

Speaker: Adrian Furnham, Professor of Psychology, University College London