Most global businesses often face an increase in pressure in the way a report is managed and reported – and Unilever is no different. The company has to access detailed pay data, in order to manage pay equity across a diverse group like gender, race, age and disability, maximise margins, and communicate rewards to the employees. To start ahead in this race, Unilever has ‘My Reward’, powered by uFlexReward.
This reward system automatically gathers rewards from multiple sources for every employee in the business into one database. In other words, My Rewards digitises reward policies by applying logic for pay, bonus, pensions, benefits, and shares into the database set. Having said that, the company has a detailed total reward table for every employee working in the organisation.
The best part is that every single Unilever employee, globally, can use ‘My Reward’ to see their total reward package. In a way, this offers employees to learn about the value of their reward package. ‘My Reward’ has a personalisation option which allows for the individual to input benefit choices, additional messages and key personal details.
The company also offers a feature that allows the employees to add real-time reward feedback on their individual reward items. Not only that, but within ‘My Reward’, you can also gain access to multiple features such as flexible enrollment, package modelling, reporting, etc.
This is how ‘My Reward’ is streamlined, consolidated, and has revolutionized Unilever’s approach to rewards, with uFlexReward as the enabling digital platform.