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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