Jeremy Bennett group reward director at Metro Bank on their future reward strategy
“Ultimately the dialogue we seem to be having with colleagues and managers around benefits is around the wellbeing piece,” he says.
A key issue they have been talking about is their private medical provision and whether it reaches enough of their colleagues, and does it do what they want it to do. In addition, they have also been talking about reward in terms of moving people to be more home-based and what that means for salaries and benchmarking.
Other key questions being raised within Metro Bank include the use of recognition, ensuring that there is a balance between home and office benefits – for when things return to some normality – and, also aligning reward with the organisation’s wider strategy.
Bennett attended REBA’s exclusive Reinventing Reward for New Workforce Needs breakfast in association with Mercer Marsh Benefits. It brought together senior reward professionals from an array of sectors to discuss the rising challenges, risks and opportunities for 2021.
Read a full round-up from the breakfast event on Reinventing reward: the rising challenges, risks and opportunities for 2021.
Watch Michele Russell, head of reward at esure Group on the risks and opportunities for 2021.
Watch David Dodd of Mercer on how to utilise data to help predict future workplace challenges.
Read Tegwen Smith of Arm on the primary challenge for 2021 and the changing ways of working.
