Improve your employee satisfaction and performance with a pay and reward strategy.
Research over recent years has shown that individuals are attracted, retained and engaged not just on the level of salary but by a whole range of financial and non-financial rewards. This means that in a tougher business climate, and with a bit of thinking away from the ordinary, your staff can still be rewarded without it costing more than the company might be able to spare.
These rewards, however, should remain as relevant as possible to be as effective as possible and regularly reassessing them will ensure they continue to adapt to yours and your employee’s circumstances.
Having an appropriate pay structure and reward strategy can be very powerful in aligning the employee needs with the company’s HR and business strategies to improve employee satisfaction and performance.