REBA Technology Survey 2017/18: Total reward technology platforms are failing to hit the mark
Total reward technology platforms are failing to hit the mark and are attracting higher dissatisfaction levels than any other reward technology.
The conclusion comes from the REBA Technology Survey 2017/18 which involved a poll of more than 200 reward and employee benefit specialists conducted by the Reward & Employee Benefits Association (REBA) in association with JLT Employee Benefits.
It showed that almost a quarter (22.9%) of respondents were dissatisfied or extremely dissatisfied with their total reward statements platforms and a further 21.3% said that they were indifferent.
The research showed that much of the dissatisfaction comes from a lack of functionality from the technology – such as the ability for real-time updates and that users are looking for their platforms to do more. To this end the research also showed that a third plan to replace their total reward platform at some point before 2020.
“True total reward platforms are tricky to pull together because of the variety of different benefits and reward they need to emcompass. Pulling the right data for pay, commissions, share schemes, pensions, insurances and other benefits is currently hampered by having so many different systems,” said Debi O’Donovan, director at REBA.
Download the REBA Technology Survey 2017/18 in full.
Read the next article
- Benefits Technology
- Business mobility
- Bonus & Pay Sponsored by 3R Strategy
- Company Cars
- Employee Engagement Sponsored by Aon Employee Benefits
- Employee Share Plans
- Financial Wellness Sponsored by Salary Finance
- Flexible Benefits
- Group Risk Insurance Sponsored by Aviva
- Health & Wellbeing Sponsored by Health Shield
- International Benefits
- Reward/benefits strategy
- Staff Motivation
- Tax Efficient Benefits
- Total Reward
- Voluntary Benefits
- Workplace Pensions Sponsored by NEST
- Future Predictions
- Workforce Demographics
- For SME employers Sponsored by Busy Bees Benefits
- Research reports
- REBA news round-up
- REBA professional members
- REBA news
- REBA training
Sign up for REBA Professional Membership and join our community
Professional Membership benefits include receiving the REBA regular email alert, gaining access to free research and free opportunities to attend specialist conferences.
Professional Membership is currently complimentary for qualifying reward and benefits practitioners.Join REBA today