HR executive fails to prove entitlement to pension rights was contractual.

| August 9, 2016

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Membership of a defined benefit (DB) pension scheme, based on salary rather than defined contributions (DC), is rare these days. In the case Prometric v Cunliffe, the claimant argued that he was entitled to membership of a DB pension plan, rather than his employer's DC scheme, on the basis of a promise allegedly made to him by a group director back in 2000.

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Pentra

Pentra is an employee benefit consulting firm focused on improving the financial and operational performance of health care and employee benefit programs for mid-sized and large employers.

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How talent assessments can help to build an ethical corporate culture

Article | March 18, 2020

There are 128 companies in the world recognised for exemplifying corporate citizenship and standards of integrity, according to Etisphere. Those on the most ethical list include Capgemini, T-Mobile, Hasbro, LinkedIn and Visa, based on elements like leadership, reputation, culture, corporate citizenship and governance. Good ethics are proven to make a difference to business performance. Etisphere tracked stock prices of publicly trading companies, finding that the world’s most ethical companies have a stronger financial performance – an impressive 14.4% over five years.

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How an Agile Executive Search Strategy Plays Out

Article | February 12, 2020

The Australian Financial Review on Feb 5 2020 carried a piece by Edmund Tadros in which the CEO of Rio Tinto, Jean Sebastien Jacques explains how he uses an internal management consulting team to do work previously done by external advisors. In responding to “The Australian Financial Review’s Annual Chanticleer CEO survey” Jacques admitted that Rio Tinto do use external consultants to provide specific niche expertise to support the Rio Tinto team but that he wants his core team to develop strategy and projects. If large organisations are going to do this successfully, the vision needs to start with their Executive Search strategy. Essentially what this entails is the sourcing of senior executives to lead specific functions who have cross functional experience and capability. It may not be necessary for a C-Suite executive to be a real generalist but increasingly we are seeing examples such as Chief Marketing Officers who have been Sales Directors, Chief Operating Officers who have been Financial Controllers or Chief Information Officers who may have led a high-tech manufacturing operation. The clear benefits that this executive search strategy produces are in the provision of at least a duality of skills to a specific role and also the potential to contribute effectively to an internal advisory team. Obviously, at this level, there is a reasonable assumption that the executive is operating at a high enough level to have his or her team operating independently and effectively. They must have the capacity as well as the capability to support broader strategic initiatives when working with with other executive colleagues as internal consultants. This will often represent a significant change in behaviours and culture and the smart organisations are more likely to shy away from traditional advisory services in favour of executive learning that helps senior people and their direct reports create additional capacity, while developing broader capability via an internal problem-solving “language” of tools and processes that they are all familiar with. Consequently, we start to see organisations who espouse the nurturing of their own teams, turning to the kind of leadership development support that is focused on transferring skills, enabling executives to be more effective in their roles and to make a broader contribution to their organisation. In turn, this is more likely to produce organisations that are closely aligned behaviourally and through their business activities with the longer term mission, vision and values of the corporate entity. #executive search #leadership development #advisory #riotinto #Jean-Sebastien Jacques

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How To Design An Effective Employee Onboarding Experience With An LXP

Article | March 10, 2020

Successful onboarding is the key to getting new employees off to the right start. Get it right and your investment in talent pays off. Get it wrong and you risk losing people you just hired. An LXP can enhance the onboarding experience of new employees, but you need to make sure you use it effectively. Studies show how good onboarding can make the difference between new hires staying and not. But often onboarding is simply ineffectual—no more than a box-ticking exercise. But badly handled it can make a new employee feel isolated.

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How key person insurance can help your business

Article | July 15, 2020

So, you want to protect your business today while making sure you plan for retirement and maybe even leave a legacy. But what happens if your plans get interrupted and you can’t continue running your business because of a health issue? Running a successful business means dealing with tough issues – and preparing for the unexpected is one of them. Insurance is one way to help make the most of what you leave behind. You can use key person insurance in a number of ways.

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Pentra

Pentra is an employee benefit consulting firm focused on improving the financial and operational performance of health care and employee benefit programs for mid-sized and large employers.

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