Friday 4 November 2016

Dare to be Different?

I would like to remind those of you based in the UK and with responsibility for, or interest in, reward about my forthcoming session on reward innovation:

WHEN: Tuesday 15th, 3.30-5.30pm.

WHERE: Microsoft, 2 Kingdom Street, London, W2 6BD.

WHO: You, us and lots of other Senior Reward executives from BT, RBS, John Lewis, DHL, Microsoft and more

It is quite understandable that there has not been much innovation in the reward area. Mistakes in this area have much more impact than in other areas of HR.  Employees and recruitment candidates also have ingrained expectations about the type of deal they will find.

But actually retaining an untransformed set of best practices is not not without risk either.  There is increasing evidence that the traditional ways of rewarding people need to change.

Actually the whole idea of following generic best practices is probably misdirected anyway.  There is an interesting new article on Linkedin’s Talent Blog reviewing the development of Netflix’s unconventional HR and reward practices described in its famous culture deck (no annual reviews, market based pay, unlimited vacation etc).

As the article notes, this came after 14 years of a heads-down approach where Netflix’s head of HR isolated herself inside its walls to come up with the streaming giant’s revered culture.

“During that decade-and-a-half, she wasn’t out and about chatting up human resources professionals or regularly attending talent acquisition conferences. Instead, she refused to read what other companies were doing and only attended HR conferences every two or three years. Consequently, Patty says she didn’t get influenced by what others were doing. And it paid off.”

That does not mean learning about new practices is unimportant - this is after all the purpose of this event. It just means that after learning about what may be possible HR and Reward professionals need to put their heads down and focus on what is going to be important for them.

I'll be talking about how attendees can best do this as well.

I hope you will decide to book for the event and look forward to seeing you there.

Organised together with beqom

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