Everyone looks forward and expects a pay rise throughout the year. That simple increase to an employee’s salary is the result of a delicate process called a pay review.
Another way of attracting new employees and retaining your top, experienced talent is by providing an attractive employee benefit package.
Often than not, employers tend to consider annual leave as an inconvenience. However, if planned and managed well, annual leave can have positive effects on the company and its employees.
High staff turnover causes negative morale at the office. Demotivation and disengagement kick in, affecting the relationship with your customers, which will eventually affect your turnover and profit margins. All this leads to a serious negative impact on your company culture and also on your company’s reputation.
I was recently at a client and we discussed the importance of having a proper pay structure in place. The director explained that in today’s job market, they do not necessitate having one in place as they are constantly scrambling to pay more to entice prospective employees and/or retain their people.
Think of each and every job applicant your organisation has had over the years and consider how you handled each and every one of them. Did you ensure that the job applicant’s first impression of the company was positive? Was the experience of those who were not employed positive too?
I am all for continuous professional development (CPD) and I do believe that an ongoing process of learning is crucial for the progression of any career or profession.
A common problem that managers face is employees dressing inappropriately for the workplace. It may mean an awkward and sensitive confrontation with the employee with the concern of easily offending them.
A few weeks back I wrote about the millennials and the Gen Z, and how businesses and employers need to change to attract and retain them.
The very basic reward philosophy deals with how reward can help in achieving performance goals whilst underpinning the company’s core values.
Every business has its own reward strategy, even if not written. It aims at linking reward strategy with the company brand and organisational performance.
