Business transformation needs HR transformation 

An organisations purpose and ways of doing business are changing; what impact is this having on the type of talent they need and their reward and benefits strategies.

In this research report, in partnership with the Reward & Employee Benefits Association (REBA), we explore how an organisations purpose and their ways of doing business are changing, revealing the impact this is having on the type of talent they need and their reward and benefits strategies.

The Covid-19 pandemic demonstrated to business why the CHRO and their HR professionals are essential to the sustainability and future profitability of their operations. And given the current economic climate, acute skills shortages, sustainability commitments and the cost-of-living crisis are just some of the challenges that are on the radar for CHROs and reward professionals.

Companies are aligning their corporate purpose with both their employee value proposition (EVP) and specific business objectives. Key data at a glance:

  • 29%

     of organisations EVP and purpose match ‘completely’
  • 64%

    of organisations EVP and purpose match ‘to some extent’
  • 40%

    changed their purpose to align with business objectives

In this video interview, David Wreford, Partner and UK Sustainability Consulting Leader at Mercer, speaks with REBA’s co-founder and director, Debi O’Donovan, about the transformation of HR and the expectations around business and HR transformation.

The full findings discussed in this video can be found in our report.

This report is the fifth in our Transforming Engagement series with REBA and aims to provide the context and practical steps needed to show how an organisations purpose and their ways of doing business are changing, revealing the impact this is having on the type of talent they need and their reward and benefits strategies.

HR transformation needs business transformation

This report is the fourth in our Transforming Engagement series with REBA and aims to provide the context and practical steps needed to show how businesses are beginning to understand that sustainability is crucial to the future performance of their brand, workplace and employee experience.
Contributor(s)
Maura Jarvis

UK Transformation Leader, Mercer

Kerry Ghize

- Partner, UK Career Leader, Mercer

David Wreford

- Sustainability Consulting Lead, Mercer

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