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What are companies doing with regards to 'Fair Deal'

Learn about the Factors Effect Model

What affect will focus on the 'Fair Deal' factor have?

Fair Deal - How happy employees are with pay and benefits

Fair Deal itself doesn’t directly influence another factor. It’s classified as a hygiene factor. Sure, doubling everybody’s salary would make them happy but it wouldn’t make them feel any better about factors such as leadership and management.

Now although pay is not an engager, it is important that pay and benefits are at the right level as to not disengage employees further.

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Business Services

BB7

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BB7 supports its employees' career growth with initiatives like the graduate sponsorship programme. This programme encourages employees to become well-rounded professionals, utilising their skills, and offering a pathway to becoming a Chartered professional.
BB7 managers offer guidance and mentorship, promoting an environment of trust and care. They focus on developing their employees' consulting skills, project management, commercial understanding, and technical excellence.
BB7 offers a host of benefits to its employees, including a bonus scheme, Cycle2Work Benefit, Electric Car Benefit, and a contributory pension scheme. These benefits reflect the firm's commitment to treating its employees fairly.
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Technology

Eagle Eye Solutions

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Managers at Eagle Eye Solutions receive extensive support, including 1:1 coaching and access to mental health resources. They are also encouraged to participate in the "Purple Leaders" program, further enhancing their leadership capabilities.
Eagle Eye Solutions rewards employees based on company performance and values-aligned behaviour. Its Flexi Leave scheme allows conversion of unused sick leave into extra annual leave, demonstrating fair treatment.
Eagle Eye Solutions prioritises employee wellbeing through initiatives like certified mental health first aid training, access to the Headspace app, and comprehensive health assessments for employees over 40.
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Consultancy

Enfuse Group

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Enfuse Group promotes a strong team spirit through daily stand-ups, regular meet-ups known as 'Mark's Day', and company-wide Away Days. These initiatives create an environment of fun and camaraderie, fostering a deep sense of belonging within the team.
Enfuse Group recognises the importance of fair compensation, offering generous pay increases, promotions, and bonuses. The firm also has recognition awards linked to its values, including the newly launched Purple Cow Prize and the Be Truly Remarkable Prize.
Wellbeing is a top priority at Enfuse Group, with a monthly wellbeing budget for each employee and an incentivised life insurance app, YuLife. The company encourages a work-life balance and actively promotes activities that support personal health and performance.
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Technology

mhance

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mhance supports personal growth by encouraging employees to undertake professional qualifications such as Microsoft exams, CIPD or CIMA. The 'Educate & Celebrate' programme provides structured learning opportunities, encouraging skill utilisation and career advancement.
Team spirit is nurtured through regular company socials and virtual team quizzes. Monthly face-to-face sessions and the new HR system facilitate interaction and camaraderie among colleagues, fostering a sense of belonging.
mhance ensures a fair deal for its employees with a comprehensive benefits package, including an Employee Assistance Programme, reduced gym memberships, and cashback on medical expenses. They also offer 13 weeks sick pay and an income protection scheme.
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Financial Services

Hinckley & Rugby Building Society

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The Society values employee development, offering both internal Learning & Development programmes and external specialist training. It also encourages professional memberships and conference attendance, supporting employees' growth and advancement.
The Society's senior leadership team models the importance of colleague recognition and supports communication campaigns, creating a supportive environment for employees. Its Performance Management Framework ensures clear expectations and standards for their managers.
Employees are recognised through the FAB awards, a monthly employee scheme in which colleagues nominate each other for delivering amazing service or going above and beyond, with monetary rewards for the winners.
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Marketing & Media Agencies

Stagestruck

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Stagestruck provides a fair deal to its employees with a profit share scheme based on the company's performance. The organisation also offers an EMI Share option scheme related to service and not position.
Stagestruck is committed to the growth of its employees, offering a £500 yearly personal development budget and regular knowledge-sharing sessions. This allows employees to continuously hone their skills and advance in their roles.
Stagestruck prioritises employee wellbeing with initiatives like an employee assistance programme, mental health first aiders, a wellbeing committee, and a free Calm subscription, ensuring the balance between work and personal life.
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Leisure & Hospitality

Blacklock

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At Blacklock, personal growth is facilitated through initiatives such as the 'WordTake' quarterly review process and the 'Training Skills Workbooks'. These programmes provide a structured support system for employees to continually develop and improve their skills.
Blacklock believes in rewarding its employees' hard work and loyalty. This is reflected in its rewards and recognition scheme, which includes shopping vouchers, paid sabbaticals, and even round-the-world tickets for long-term employees.
Blacklock demonstrates its commitment to society through initiatives such as paid volunteering days and collaborations with charities like Only A Pavement Away. The company encourages employees to give back to the community, highlighting its commitment to social responsibility.
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Recruitment

Instant Impact

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Instant Impact places great emphasis on personal growth, providing a clear progression structure and an annual Learning & Development budget of £500 for each employee. The '10% development time' scheme also encourages employees to spend part of their work week on personal development.
The company has a fair and transparent performance review system, with pay reviews and a potential 10% annual performance-based bonus. This ensures employees feel they are treated fairly and compensated appropriately.
Instant Impact is dedicated to giving back to society, recently establishing a charity partnership with Concern Worldwide. This includes hosting charity quizzes and step challenges, and securing marathon spots for fundraising, demonstrating a commitment to societal impact beyond profit.
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Leisure & Hospitality

The Inn Collection Group

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The company invests in learning and development programmes such as the Bar Training Academy, Chef Academy and Leadership programmes. These initiatives ensure employees are challenged and their skills are fully utilised, promoting career advancement.
The Group's geographical cluster support promotes a strong sense of team spirit and belonging. Its regular general managers' meetings and regional hub training also encourage relationship building and peer-to-peer learning.
The Group recently standardised its pay and reward across the business, lifting itself out of being a National Minimum Wage employer. The company also offers a range of benefits allowing colleagues to enjoy company locations with family and friends.
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Financial Services

Airwallex

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Airwallex conducts performance reviews every six months to ensure fair and appropriate recognition and rewards for its employees. This includes promotions, compensation changes, bonuses, and equity.
Airwallex has a comprehensive wellbeing strategy, integrated into daily work life. Initiatives such as wellbeing weeks, a calendar of regular events, and access to counselling and coaching services, ensure that the wellbeing of employees is a top priority.
Airwallex's leadership team is engaged and hands-on, maintaining a strong connection with the ground-level operations. Their commitment to prioritising customers and crafting long-lasting solutions sets a positive example for the entire organisation.
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