Peter Newhouse, Unilever Global Head of Reward, and Ken Charman, CEO of uFlexReward, join me on Tech Talks Daily to share the story behind the bespoke HR data consolidation platform.
I learn how the platform extracts all the necessary data from payroll, pension systems, benefit supplier systems, share administration systems, and so on, as well as the value of non-monetary rewards, making this data available in real-time.
Thanks to this technology, Unilever is now able to experiment with allowing employees the freedom to choose how their reward is allocated in a way that goes well beyond the flex benefits that employees are familiar with. The company can also understand each employee’s cost in real-time, which is crucial for regulatory compliance and effective reporting and analysis.
After the platform became instrumental at Unilever, the multinational has spun it out into its company, uFlexReward, to make it available for peer organizations. I learn more about how total reward data is especially critical right now for organizations trying to respond to the impact of Covid-19, be that through reducing headcount, cutting reward spend, pausing pension contributions, and more.
We discuss their mission to make reward more beneficial to employees and employers by transforming global practice in employee reward; the biggest spend category in most businesses.
Subscribe to the Tech Talks Daily Podcast