"PAYING FOR GOOD"

"Modern slavery"

The migrant crisis between France and the UK made the headlines again last week with another terrible tragedy – 27 people losing their lives as they made the perilous journey across the Channel in an inflatable boat, hoping for a better life on our shores. 

Tens of thousands of people seek asylum in the UK every year. About 37,000 applied in 2020, with half receiving a positive outcome. But while some may go on to secure decent work, others will likely become modern slaves.

To talk about this highly emotive topic, I invited Matt Crossman, Stewardship Director at Rathbone Investment Management.

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To find out more about how we could work together on designing and implementing a Responsible Reward strategy, the integration of remuneration and sustainability, in your organisation, please email me at [email protected]. I look forward to hearing from you!

“Paying for waste.”

The pandemic has made us all realise how much we take the availability of supplies for granted, and what happens when the chain breaks. Here are some examples:

• We see empty shelves in shops.
• Safety equipment is not available and health risks are increased.
• We queue for hours and become irritated.

To talk about this highly complex topic, which involves a multitude of players, often global and disconnected, I invited a special guest to this week’s ‘PAYING FOR GOOD’ podcast: Annika Howse, the founder of Altrubi, a sustainable supply chain management consultancy. She specialises in the food and fashion industries, and argues that the current model is broken. Listen to her here.

TO GET EACH EPISODE OF MY PODCAST STRAIGHT TO YOUR INBOX, PLEASE SUBSCRIBE HERE: https://www.peoplenet.ltd.uk/newsletter/

To find out more about how we could work together on designing and implementing a Responsible Reward strategy, the integration of remuneration and sustainability, in your organisation, please email me at [email protected]. I look forward to hearing from you!

“If you’re not working on the integration of ESG and incentives already, you’re lagging behind.”

Cevian made a public statement on 3 March 2021 asking for ‘significant, measurable and transparent ESG targets that should form part of senior management compensation plans for all European public companies. And therefore Cevian Capital is today calling upon European public companies to start or accelerate the development of such ESG targets for integration into compensation plans to be put to shareholder votes at the AGMs in 2022.’

My special guest this week is Harlan Zimmerman, Senior Partner at Cevian Capital, who explains the rationale behind this far-reaching statement. As you would expect from my thought-provoking podcast, I also ask Harlan how incentives are structured at Cevian for its own employees. Listen to him here.

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To find out more about how we could work together on designing and implementing a Responsible Reward strategy, the integration of remuneration and sustainability, in your organisation, please email me at [email protected]. I look forward to hearing from you!

"Let's be bold!”

Have you heard of the term ‘greenwashing’? This is when an organisation is not accountable for its impact on sustainable development. Now, a new trend is emerging: ‘rainbow washing’. It applies to firms that say they’re embracing the UN Sustainable Development Goals (SDGs) yet do not provide details about what they’re doing, nor how they’re going about it.

I wanted to call out this abuse of surfing the growing sustainability wave, so I invited this week’s special guest on my ‘PAYING FOR GOOD’ podcast, Dr Carol Adams, Professor of Accounting at Durham University and immediate past Chair of the Global Reporting Initiative (GRI) Stakeholder Council, to give her thoughts on the subject.

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To find out more about how we could work together on designing and implementing a Responsible Reward strategy, the integration of remuneration and sustainability, in your organisation, please email me at [email protected]. I look forward to hearing from you!

“Crisis-proof”

Did you, like me, think there was something wrong with your phone on Monday night and kept rebooting it until you realised the problem was global? Billions of people couldn’t access their social media profiles or make free calls for what seemed like an eternity.
These worldwide technical outages, coming on top of recent whistleblowing allegations, cost Facebook founder, Mark Zuckerberg, $6 billion of his personal wealth and around 5 per cent of his company. Crises are expensive.
Of course, in the remuneration world, we are not shy of executive pay scandals, either.

This week, I welcome Jonathan Hemus, Crisis Management Consultant at Insignia - Crisis Management Training, Planning and Consultancy.

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To find out more about we could work together on designing and implementing a Responsible Reward strategy, the integration of remuneration and sustainability, in your organisation, please email me at [email protected]. I look forward to hearing from you!

“LET'S ACT AS ONE”

I’d like to invite you to listen to this week’s guest on my ‘PAYING FOR GOOD’ podcast: Henry Bishop, who co-founded climate tech subscription platform, Furthr, 18 months ago. Furthr aims to incentivise mass action from the workforce on climate change.

Your action takeaway from Henry:

Henry welcomes the opportunity to talk with potential investors, partners and employers who would like to be involved in the venture. You might want to consider the Furthr (white-labelled) platform as part of your benefit offering. They are also in the process of developing a new app that will be ready in the next six months. So, watch this space!

TO GET EACH EPISODE OF THIS PODCAST STRAIGHT TO YOUR INBOX, PLEASE SUBSCRIBE HERE: https://www.peoplenet.ltd.uk/newsletter/

To find out more about how to design and implement a Responsible Reward strategy, the integration of remuneration and sustainability, in your organisation, please email me at [email protected]. I look forward to hearing from you!

In this episode:

• I share with you a summary of what we covered in the previous season 4 of the podcast
• I highlight what's to come in this 5th season
• I remind you of my other resources available to help you design and implement a responsible reward strategy, the integration of remuneration and sustainability, in your firm: masterclasses , workshops and individual support.

Your action takeaway:
Get involved in any way you can to make the achievement of global sustainability goals your daily reality: check out my resources highlighted in this episode, sign up for a free masterclass and join the workshops with your peers.

TO FIND OUT MORE, PLEASE EMAIL ME AT [email protected]

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“WHAT MONEY TYPE ARE YOU?”

This week on my ‘PAYING FOR GOOD’ podcast, my special guest is Fanny Snaith - Money Coach.

Fanny reveals that financial matters are the second most common cause of divorce in the UK, after infidelity. At work, we are conditioned to chase the next grade. We get upset when we’re bypassed for promotion or a pay rise. Many employee grievances centre on money.

So, what money type are you?

Your action takeaway from Fanny:

If your relationship with money doesn’t serve you or those around you, please consider one-to-one or group money coaching.

TO GET EACH EPISODE OF THIS PODCAST STRAIGHT TO YOUR INBOX, PLEASE SUBSCRIBE HERE: https://www.peoplenet.ltd.uk/newsletter/

To find out more about how to design and implement a Responsible Reward strategy, the integration of remuneration and sustainability, in your organisation, please email me at [email protected].

'REMUNERATION GOVERNANCE'
This week on my ‘PAYING FOR GOOD’ podcast, we’re turning our attention to Remuneration Governance. David gives us an update on the codes and recent research linked to remuneration commissioned by the FRC. I also ask him three questions. Bearing in mind the events of the past 18 months:

• Has the remit of the remuneration committee changed?
• Have we got the right people sitting on remuneration committees?
• Do we need to review the remit of external auditors?

Your action takeaway from David:

When reporting on your Remuneration Governance, focus less on process and more on activities and outcomes:

• What activities took place?
• Were they successful?
• If not, what would you do differently in future to improve?
• What did you learn?

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To find out more about how to design and implement a Responsible Reward strategy, the integration of remuneration and sustainability, in your organisation, please email me at [email protected].

'HEALTH & SAFETY AND BONUSES'
This week on my ‘PAYING FOR GOOD’ podcast, we’re turning our attention to health and safety at work with our special guest Christian Harris, founder of Slip Safety Services, and how H&S metrics form part of the incentives structure in some industries.

From a sustainability point of view, I believe that health and safety is so important that it affects all three ESG pillars: Environmental, Social AND Governance.

What H&S metrics do you use in your organisation?

Your action takeaways:

To help prevent slips and falls, Christian has designed a four-part framework for his clients called ‘The four Ps’:
 Protect your staff and buildings to achieve high performance. This, in turn, leads to profit, with which you have the power to improve, invest, innovate and impact.

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To find out more about how we could work together too on designing and implementing a Responsible Reward strategy, the integration of remuneration and sustainability, in your organisation, please email me at [email protected].