Awards won for Most Effective Benefits Strategy, Best Use of CSR in HR and Most Effective Total Reward Strategy
RS Components (RS) the world’s leading high service distributor of electronics and maintenance products and the trading brand of Electrocomponents plc (LSE:ECM), has won multiple awards for its innovation and best practice in human resources (HR). At recent ceremonies in London, the company was awarded Best Use of CSR in HR and Most Effective Benefits Strategy at the HR Excellence Awards 2011 and Most Effective Total Reward Strategy at the Employee Benefits Awards 2011.
The company’s total reward strategy, ‘My Reward’, was the winning innovation for the Most Effective Total Reward Strategy and Most Effective Benefits Strategy awards. Both categories were awarded for demonstrating the successful adoption and implementation of a ‘total reward’ or benefits strategy, including how the strategy benefited the organisation and met its business needs. My Reward encompasses every benefit and positive aspect of working for RS and has given employees greater visibility and control in the way that they are rewarded. This has helped the company to improve engagement with its workforce, retain employees, and attract new talent.
The Best Use of CSR in HR award was presented for demonstrating the strategic role of HR in the execution of corporate social responsibility (CSR) initiatives throughout the organisation, including how it is making a difference to employees and the business. Through its CSR policy, RS has shown a strong sense of community responsibility, encouraging its businesses to enhance relationships with their local communities and increasing employee participation in activities that benefit these communities. This has produced numerous successes on many levels both for RS, its employees and the communities at large.
Ian Watson, General Manager, HR at Electrocomponents, commented: “These awards are a true recognition of our ongoing commitment to our employees and a testament to the hard work and effort the HR team has put in to help support the growth across the company. Our innovative use of new strategies and activities to improve employee engagement and increase job satisfaction has been tremendously successful. We will continue this drive for excellence on our journey to make RS a great place to work.”
The HR Excellence Awards is well established as the key event for recognising talent, intuitive thinking and excellent execution of employee focused schemes in the HR industry. The Employee Benefits Awards is dedicated to celebrate, recognise and reward those employers which have made a significant difference to their organisations through their reward strategies.