Executive Master Class in Human Resource Management

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1. How to maximise the potential of Total Reward Statements

   Previous research by the Centre for Excellence in Strategic Rewards has proven that reward professionals consider reward communication to be increasingly important. Moreover, employee satisfaction with the communication on rewards has a positive impact on her/his perception of organisational support. A good Total Reward Statement offers an individualised and comprehensive overview of the financial and non-financial rewards offered by the employer. This white paper which is based on research and examples from practice shows that there are 7 characteristics of a great Total Reward Statement.

2. Millennials still have high expectations of employment market, but Covid-19 dampens optimism

   The expectations final-year students have of their first job are still high. Good communication with their colleagues, a sociable atmosphere and plenty of opportunities for training are at the top of the list. What is more, these millennials prioritise career security over job security. They consider their relationship with their first employer to be temporary, expecting to work for a whole range of different companies during their working life. However, the Covid-19 outbreak has toned down their optimism about the future. Now afraid that fewer jobs will be available to suit their skills and qualifications, they are once again attaching greater importance to job security.