This winter you can bring a colleague for free on selected reward management training workshops. A complimentary second delegate place is included in all bookings. Double the training, half the cost on the following classes:
Dianne Auld’s Pay Structuring Workshop
Dianne Auld’s Incentive Design Workshop
Dianne Auld’s Excel For Reward Masterclasses
Dianne Auld Diploma: Excel For Reward Pro – Levels 1 & 2
An Introduction To Reward Management
Reward Strategy Executive Workshop
Note: Offer excludes E-REWARD's classes in partnership with WorldatWork and David Cichelli.
A sale to private equity owners following the nationalisation of its parent, Royal Bank of Scotland (RBS), was the catalyst for a programme of reward and compensation change at WorldPay, a global leader in payment processing. This restructuring of reward for the 2,500-strong UK workforce was also driven by a perceived need to better align compensation with business performance, and to iron out inconsistencies in the previous grading structure.
This case study, researched and written by e-reward, focuses on two important aspects of the on-going restructuring programme at WorldPay:
CONTENTS
Executive summary
WorldPay’s reward journey since autumn 2010
Organisation profile
Who e-reward interviewed
Refining the “value account”
Pensions auto-enrolment
“Freedom” benefits
Benefit choices
Widening access to performance bonuses
Valuing reward
Boosting variable pay
Future prospects
Lessons learnt
Box 1: Key remuneration principles
Box 2: WorldPay “Freedom” flexible benefit programme: example benefits