How testing times will pit the demand for benefits against the need to balance budgets
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Inflation, labour market shortages and organisational change are influencing ways in which employers are approaching benefits design. With most recognising the need to retain and improve benefits, HR may have a new challenge in proving that value to secure the higher budgets needed to maintain benefits or accept the need to make their spend work smarter.
This webinar will draw on REBA’s Benefits Design Research 2024 to delve into the internal and external pressures affecting benefits decision-making, and explore what the data means for employers. It will put a spotlight on how cost pressures are reshaping benefits design, and the investment employers still plan to make in the next two years, though budgets will be tight.
The panellists will explore how organisations are adjusting spend, communications, and the proliferation of benefits, as well as replanning their technology to maximise benefit return on investment.
Key Issues to be explored:
- How employers are re-thinking their benefit design in response to inflation pressures
- Which internal and external pressures are shaping where employers are focusing their benefits spend
- How employers can manage budgets to meet employee needs and expectations without compromising value to the business
- Best practices for effectively communicating benefits to promote employee engagement and ROI on spend
- The role benefits technology needs to play to improve effectiveness of benefits design, spend and delivery
Head of Reward and Benefits, Herbert Smith Freehills LLP
Ellie Vaughan is the Head of Reward and Benefits at Herbert Smith Freehills, a global law firm with 5000 employees. Here, she is responsible for all aspects of compensation for employees and benefits and wellbeing for employees and partners globally. Before moving into the legal sector in 2016, Ellie spent 12 years working in various HR roles in the not for profit sector.HR Director, Cundall
Fiona Wallace is Global HR Director at Cundall, who are a global engineering consultancy. Fiona leads Cundall’s global HR team in delivering a people strategy for growth, as Cundall continues to expand its global footprint.
Prior to joining Cundall, Fiona has been working in people and culture for over 20 years in professional services organisations, including wealth management, banking, insurance, legal and engineering, both internationally and in the UK. She has held a number of HR leadership roles across talent, L&D, HR technology, employee experience, performance and organisation design, as well as non-exec experience, particularly in reward and performance. She describes herself as being passionate about developing talent and creating positive workplace culture, by maximising all aspects of the employee experience to provide an environment where everyone can thrive.