Directors' Briefings
Remuneration
« Back to Human Resources Management (HR)Remuneration (HR 26)
The right reward
Get your remuneration packages right and you will attract reliable employees with the skills your business needs for success. Get them wrong and you will be unable to recruit these people or hold on to them. Since the remuneration package is the most visible part of any job offer, you must pitch it right to interest the right people. But even that can be easy, compared with fine-tuning the rewards to keep good people with you.
This briefing covers:
- Deciding how much to pay.
- Structuring pay and benefit packages.
- Using non-financial rewards.
- Handling pay reviews.
Incentive pay (HR 11)
Rewarding performance
Productivity and high standards are important to you. Recognition and encouragement are important to employees. Incentive pay is a way for you and your employees to achieve results.
A good incentive pay scheme can motivate employees to work better for your business. A badly thought-out scheme, on the other hand, can be divisive and demoralising.
This briefing explains:
- How to set objectives.
- The types of scheme to consider.
- How to ensure that your scheme works.
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