Deciding on the most beneficial incentive scheme for your employees

By Jevita Derby

INTRODUCTION

The introduction of an employee incentive / benefit scheme is an important decision for an organisation. Organisations should choose to implement incentive / benefit schemes which will provide the most value to their particular organisation in terms of motivating employees and increasing retention.

Is your remuneration policy internally and externally equitable?

By Jevita Derby

THE WAY IT WAS

Cast your mind back to the way it was 20 or 30 years ago when jobs were clear-cut, the battle for talent didn’t exist, and people were paid the same for doing the same work regardless of their performance. The precise nature of jobs during this time meant that remuneration levels were reasonably fixed and individuals had relatively little control over their pay increases. Life was simple.

TODAY’S REALITY

The labour market today is substantially more complex than it was 20 or 30 years ago and a fierce battle for talent now exists.