Matt Sinnott’s recent article on the removal of the bonus cap in the UK (here if you missed it: The end of the bankers’ bonus cap: raising the ceiling, or lowering the floor?) got Stephen thinking about how companies might tackle the difficult topic of whether to rebalance back from fixed pay to variable pay for […]
The end of the bankers\’ bonus cap – thoughts from new 3XO Principal, Stephen Forbes Read More »
by Matt Sinnott, Principal 3XO It’s widely thought that the most significant effects of the bonus cap were largely unintended in nature. The creation of ‘role-based allowances’ and other mechanisms to increase fixed pay meant that all but the highest total compensation packages were significantly less closely linked to performance, effectively insuring poor performers or
The end of the bankers’ bonus cap Read More »
If you’ve just taken on a role as CHRO, or your organisation is going through a transformation or budget change that gives you a chance to reset, designing your HR organisation and leadership team can seem a daunting undertaking. Service models and organisation structures for a modern HR function rarely follow a template. Of course,
Setting up your HR Organisation Read More »
It’s a year since we launched 3XO and, at a recent weekend event, the team took a moment to reflect on the past year and look forward to fulfilling times ahead. Twelve months ago, the Founding Partners, Rupert, Mike and I, recorded our purpose and optimal ways of working: how we saw 3XO helping clients
Reflections on 3XO\’s first anniversary Read More »
The pace and intensity of HR activity related to merger and acquisition is well-known and yet many organisations do not take time up front to plan for these events, even when the business strategy has expansion as an explicit goal. By supporting the development of an HR Acquisition Readiness Plan, 3XO helps our clients be
Is your organisation acquisition ready? Read More »
Establishing a fully optimised workforce in the current climate can feel like an activity in perpetual motion and a daunting one at that, but there are simple levers that drive real and sustainable value. 3XO Principal, Chris Mendes, shares his thoughts. Where can organisations focus to optimise their labour force? There are many potential areas
Workforce optimisation: building organisational capability through data Read More »
Many HR practitioners have never lived or worked in a high inflation environment. However, the latest ONS data for September 2022 shows that CPI is now 10.1% a year and RPI is at 12.6%. This is an issue which we have been thinking about at 3XO so it’s great to have the opportunity to put
Facing into a higher inflation environment Read More »
Remuneration Committees sit at the apex of a set of critical governance and operational processes. 3XO provides experienced, commercial and independent advice. Our HR advisors have decades of experience in advising Boards and Remuneration Committees. At 3XO, we have brought together a team of highly regarded independent external advisors and leading professionals with practical in-house
Board & Remuneration Committee advice Read More »
Optimising internal and external skills and expertise to deliver successful organisational outcomes. In practice, most organisations need to draw on a mix of internal and external expertise, but that becomes more acute during periods of major change. Like any task, executing organisational change needs the right tools. And they need to be available at the right
Making best use of your existing team, and filling the gaps, to support organisational change. The processes and activities that involve people, those generally completed by an organisation’s HR department, will usually be in heavy demand during any period of organisational change. However, typically, functional areas like HR, Finance and Technology, are organised and resourced