europe Articles


Addressing Location Strategy in Europe With a Rising Virtual Workforce

As remote work becomes the new reality, companies across Europe are assessing geographic pay differentials and the impact of location strategy on total rewards.

Published: September 2020
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Rewards Solutions Spotlight: Wie sieht MULTIVAC die digitale Zukunft von HR?

Ian Karcher, Associate Partner im Bereich Rewards Solutions bei Aon, sprach kürzlich mit Lulzim Gojani, Executive VP HR bei Multivac darüber, wie die Digitalisierung Human Resources in einer der führenden Firmen der Verpackungsindustrie verändert.

Published: September 2020
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A Year Unlike Any Other for the European Banking Industry

The effects of the COVID-19 pandemic are bringing about new compensation challenges for banks in Europe, further highlighting the importance of data to make informed decisions.

Published: September 2020
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Rewards Solutions Spotlight: How Technology is Changing HR at Johnson & Johnson

Ian Karcher, associate partner in the Rewards Solutions practice at Aon, recently spoke with Thorsten Eger, head of HR in Switzerland at Johnson & Johnson, about how technology is transforming human resources at the pharmaceutical giant. The following is an edited transcript of their conversation.

Published: August 2020
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Addressing Gender Pay Gaps in the U.K.: Looking Backward to Move Forward

As the economy and businesses in the U.K. head towards COVID-19 recovery, many firms are reviewing their rewards strategies, including reassessing their approach to gender equality and pay gap reporting.

Published: August 2020
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As European Technology Firms Consider a More Virtual Workforce, They Must Decide How Location Factors Into Pay

Remote working will permanently transform the workforce culture. In the short term, however, rewards professionals need to consider changes to compensation plan design, including whether, when and how to implement geographic differentials to wages.

Published: August 2020
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Egalité salariale – comprendre les enjeux pour réussir

La loi du 5 septembre 2018 « pour la liberté de choisir son avenir professionnel » et son décret d’application du 8 janvier 2019 ont fixé de nouvelles exigences en matière d’égalité salariale entre les femmes et les hommes. Pour réussir votre politique d'égalité salariale entre les femmes et les hommes, certains facteurs doivent être pris en compte.

Published: July 2020
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Rewards Solutions Spotlight: The Pay Equity Landscape in Europe Continues to Evolve

As the world’s heightened focus on equality and fairness continues to grow, conducting pay equity analyses and implementing more transparent communications with employees over how their compensation is determined is becoming even more important. This Q&A offers insights into what’s new, what we have learned and where pay equity legislation is headed for firms across Europe.

Published: July 2020
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Facing a Cash Crunch, European Startups Rethink Their Approach to Equity Compensation

European startups have relied heavily on cash compensation to attract key talent, but in the current environment, this approach is unsustainable. To conserve cash, some firms are initiating exchange programs and exploring greater use of equity incentives.

Published: June 2020
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In Early Public Filings, Many U.K. Companies Adjust Rewards and Suspend Stock Buybacks

As 2020 Annual General Meetings enter into full swing in the U.K., we analysed early public disclosures on how FTSE 350 companies are addressing the economic impact of COVID-19.
 

Published: May 2020
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European Companies Accelerate Downsizing Efforts, but Actions Vary Widely by Sector

As the humanitarian and economic toll of the COVID-19 pandemic continues to climb, organisations across Europe are taking big steps, including layoffs and furloughs, to manage costs.

Published: May 2020
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For an Effective Job Levelling Approach, Follow These Five Steps

Job levelling is an important component for managing rewards structures. But many firms try to force a method rather than adapting the process for what fits the needs of their business.

Published: February 2020
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Why Companies Must Take a Regional Approach to Compensation Benchmarking in Germany

As Germany becomes a bigger destination for technology talent, it has become more important for compensation professionals to take a nuanced look at fast-moving pay trends in the country.

Published: November 2019
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Benchmarking Hot Jobs: Software Engineers at e-Commerce Firms Command a Pay Premium

Demand for digital jobs is high, and e-commerce companies are paying a premium for key roles. In this article, we examine compensation levels for software engineers at internet and e-commerce companies compared to software companies and provide advice for how to use survey data to create compelling rewards packages.

 

Published: October 2019
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How U.K. Companies are Calculating the CEO Pay Ratio in First Year of Disclosure

The CEO pay ratio rule in the U.K. allows companies to choose from three different methodologies. While we see a favoured approach so far, there are technical considerations to make when selecting the right one. Read our article for the latest disclosure trends and tips for complying with the new rule.

Published: September 2019
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Cybercrime: A Growing Challenge For HR

In this article, we examine the importance of the HR understanding of the individual cybersecurity functions and internal risk potential they present.

Published: August 2019
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How Modern Job Evaluation Systems Can Support Agile Work

In this article, we explain how a modern job evaluation system can support agile work in the best possible way and lead to success.

Published: August 2019
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Technology Wage Growth in Other Regions of the UK is Catching Up to London. Why It Matters.

Inner London may continue to be the central hub within a thriving UK tech sector, but other regional hot spots for tech talent are close on its heels.

Published: May 2019
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Robust UK Life Sciences Sector Prompts Efforts to Curb High Employee Turnover

The outlook for the UK life sciences sector is optimistic with aggressive hiring and employee turnover on the rise. This is causing firms to reinforce their efforts to retain top performers. We explain the talent and rewards strategies companies should think about.
 

Published: September 2018
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To Compete for Talent, European Life Sciences Firms Burn More Equity Once Listed in the US

Life sciences companies headquartered in Europe have long used less equity compensation than their US peers. However, as more European companies list on US stock exchanges, and at earlier stages in their development cycles, a middle ground is emerging. In this article, we explore how US-listed European biopharma companies may encourage increased overhang and burn rates in Europe.
 

Published: July 2018
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Technology Sector Wage Growth in London Continues to Far Outpace the Rest of the UK

In spite of Brexit, the London pay premium for technology sector talent continues to accelerate, which is why our latest data from the UK underscores the need to constantly examine and reevaluate regional pay differences.
 

Published: May 2018
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Learning From Rewards Practices at High-Performing European Technology Companies

Successful technology firms in Europe and the United States share many of the same rewards practices, which are distinct from the broader market. In this article, we identify those practices, explain how they drive better results and offer key takeaways that can be adapted for any compensation budget.

Published: January 2018
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In the UK and US, Performance Share Plans Appear Due for a Makeover

A handful of companies in the UK have traded in their performance share plans in favor of restricted stock with lower maximum payout levels and longer vesting and holding periods. In some cases, these moves even include executives. Now, the question we must ask is will this movement gather enough steam in the UK to jump across the Atlantic to the US?

Published: October 2017
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Developing Effective Peer Groups at European Life Sciences Companies

For European life sciences companies, developing effective comparator groups requires a balancing act between not looking too narrowly or broadly for peers. This challenge is particularly acute for European-headquartered firms trading on a US exchange. Our article outlines three critical issues to consider when faced with this task.

Published: June 2017
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Lessons from Copenhagen: Getting Incentive Compensation Right across Global Markets

Business is booming in the Nordic life sciences market, attracting new sources of foreign talent in the process. For HR leaders, this makes managing rapid workforce change, high levels of employee turnover and incentive plan design as challenging as ever. At our recent event in Copenhagen, Denmark, we met with our clients to discuss these very issues.

Published: April 2017
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Russia’s Economy Has Stabilized, Affirming a Stay-the-Course Approach to Employee Pay

When economic uncertainty and rapid inflation jolt a market, it's tempting to make quick adjustments to compensation to ease employee concerns. However, as Russia’s stabilizing economy shows, adjusting pay to match inflation rates or pegging salaries to foreign currencies often doesn’t pay in the long run.

Published: April 2017
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UK Gender Pay Reporting Law Provides an Opportunity to Strengthen Rewards Programs

In an effort to close the gender pay gap, the UK government’s Gender Pay Gap Reporting Regulations go into effect in April 2017. Our new client alert provides tips for compliance as well as voluntary measures all companies can take to proactively address potential inequalities in their rewards programs.

Published: March 2017
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Pay Differences in the UK Technology Sector Highlight the London Premium

When benchmarking pay to determine the competitive job market in countries that have especially powerful economic or industrial hubs, it's important to take a periodic review of regional pay premiums to see how much they are changing. Following up on our research from nearly three years ago, we revisit regional pay differences among UK technology companies and find the premium commanded in London is stronger than ever.

Published: January 2017
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Car Allowances Remain Common in Europe, Even as Perks are Increasingly Questioned

As European economies continue to struggle with low growth rates, perquisite practices face greater levels of scrutiny. Yet, new data from Radford shows that at least one long-time perk in Europe— the car allowance— remains fairly commonplace. And even where changes in practice are occurring, the rate of change is moderate.

Published: February 2016
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Are Nordic Biotech Companies Under-Utilizing Equity in the Search for Top Executive Talent?

Biotechnology firms in the Nordic region of Europe grant significantly less equity to their employees and executives than peer companies in the rest of Europe and the United States. As Nordic-based firms seek to recruit more global talent, it's time to ask if their equity practices are competitive on the world stage.

Published: February 2016
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