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Human Resources

Remuneration and Reward

(Or how much, what and when?)

This is an area where robust policies and a consistent approach can ensure a positive framework for the organisation.

“’Money is a motivator”. Discuss’, is a popular examination question because of all the other extrinsic and intrinsic rewards available.

Salary clearly forms part of any Remuneration and Reward strategy as do pensions, bonuses, promotions and gym memberships. Remember too, your people are seeking recognition, achievement and responsibility in many cases, and employees will judge their relationship with the organisation by assessing both sets of rewards.

As part of your strategy, how is Remuneration and Reward viewed in your organisation? Is it a necessary evil, something to remember to do at the annual pay review, or does it form part of your Human Resource strategy? Wherever your organisation sits, talk to The Business Development Experience, we can help review, refine and deliver the best Remuneration and Reward strategy for your business.

 

 

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