Introducing Agile-Flex Experiences from
uFlexReward
Flexibility and choice within reward packages is becoming more and more essential for organisations.
Employees expect a certain level of personalisation and autonomy over how they receive their reward. By underpinning the Reward function with a global reward database, an ‘agile flex experience’ is then based on consistent and complete reward data across the enterprise, and crucially allows individual territories to easily experiment with flexibility and choice.
Here are the key approaches:
- Gather a digital inventory of all reward plans
- Index the plans in categories in order to publish Total Reward Statements
- Request feedback from employees within the same user experience to align employee sentiment towards individual reward plans, and the cost of you providing it. This provides opportunities to identify waste or opportunities within the spend
- Pivot and experiment with reward offerings based on optimising the spend rooted in what employees might, or do, want instead
What does flex mean to you? It takes various forms…
“Flex for us was about replacing waste spend on phones and insurance and reinvesting that in vouchers for employee through choice.”
“Flex usually means consultants which means headache – this year flex for us was about managing a complex change in the pension. It went very well with simple to use tech I could configure myself!”
“Flex for us was about improving our vacation spend. Those that want more can buy more, those that don’t can get some money back.”
“Flex for us is about allowing employees to reinvest the bonus into shares, this can be a complex thing to show. Modellers are very useful.”
If you want to see more check out these videos…
Using Total Reward Statements to help Communicate Reward Effectively
How uFlexReward Helps to Enable the Future of Work
