A message from the editor...
Back in October 2016 we first revealed Payroll World was changing. At our Spring Update event on 25 May 2017, I was delighted to reveal the change to our new brand at last: Reward Strategy.
Let me talk you through the changes.
As you see, along with the new name, we have a brand new website and magazine with a fresh look and feel. There are dedicated sections to provide you with news, opinion and advice on all the areas relevant to pay and reward professionals, including payroll, international payroll, HR, employment law, workplace pensions, employee benefits and, of course, reward.
So, why the change from Payroll World to Reward Strategy? You won’t need reminding that over recent years, the remit of the payroll professional has widened considerably. “It’s not just payroll any more” is a common refrain within the industry, and it’s true. As such, the different sections of coverage on the website and in the magazine reflect the broad reach of responsibility for pay professionals. The job of making sure workers are paid the right amount at the right time remains as important as ever, but added to that are crucial strategic decisions involving compliance, communication, employee engagement and wellbeing. Payroll remains at the heart of the job – just as it remains at the heart of our new brand – but the term is insufficient to convey the full scope of tasks covered by professionals in the industry.
The lines between payroll and HR are becoming increasingly blurred, in terms of both work and systems, and the two functions are moving ever closer to ensure compliance with new and existing legislation and regulation. Payroll continues to move into the wider reward space and it’s clear the sector is undergoing exciting change and development. The way the profession sees itself is also changing.
As Ken Pullar, CEO of the Chartered Institute of Payroll Professionals (CIPP), told us in December last year: “Organisations are realising the strategic value payroll can have. Payroll managers are becoming pay and reward managers.”
This reflects the vision behind Reward Strategy. We have entered a new era for the profession; Reward Strategy is there, with you, at the vanguard.
I look forward to you accompanying us on the journey ahead as the pay and reward sector leads the way forward and consolidates its place at the cutting edge of the modern organisation.