19th February 2018
As anticipated at the beginning of the year, 2017 is proving to be another challenging year for managing pay and reward with legislative changes and economic challenges contributing to further pressures on limited pay budgets. With employee compensation being a significant expense for most companies, it is important to get it right. In this article we will explore key steps that you should consider now to ensure you can demonstrate an ROI on compensation spend. This will offer hints and tips to ensure that you can: understand what you are currently paying for; make sure you know what high performance and talent mean to your organisation; ensure that this flows through to your reward programmes; consider the balance of intrinsic vs extrinsic reward and; utilise technology to improve decision making.