Rewards and Recognition

Imagine this: you've hired someone who's skilled, has plenty of experience, and is perfect for the job.

You think you're on to a brilliant thing, but after six months they leave because they didn't feel that the great work they were doing was being recognised. After you've gone to all the effort of hiring someone the last thing you want is to see them go because you didn't express your appreciation.

Whether they've made a cracking cup of tea or completed a big project particularly well, you want to make your employees feel that their contribution has been noticed. Employee motivation is a complex area – motivation doesn’t always come from monetary reward, but how do you decide what is the most effective way to reward people and ensure staff retention?

Picasso HR can help you to devise a job evaluation scheme and other reward and incentive structures to make your people feel valued.

Job evaluation is a structured method for defining the worth of jobs. This allows an organisation to develop a fair and objective process for rewarding staff. More details can be found in the job evaluation section of this website.

But how else can you be sure that your reward and recognition policies are both competitive and effective in ensuring employee retention?

One way of establishing this is an approach often overlooked by organisations: ask the staff themselves. Here at Picasso HR we can assist you to develop a staff survey which gives you feedback on your employees’ experience of working for you. The survey can cover a range of issues in addition to reward and recognition, including motivation levels and the value to employees of processes such as performance appraisal. More details of our staff survey service can be found here. We can also help you develop an effective communication strategy, to ensure your employees understand and appreciate the value of the reward package available to them.

Employee benefits

Competition for high quality staff will always be fierce, but we can help you stay one step ahead of the others by undertaking a benchmark exercise, to see how your salary structure compares with the market. We can also work with you to devise a complete reward strategy which links to the achievement of your business objectives. Areas we can cover include:

• bonus and commission schemes
• incentive schemes such as reward vouchers
• health cover
• company cars
• childcare vouchers
• flexible benefits
• total reward statements
• employee communication

Areas of reward and recognition have the added complexity of employment law behind them. Are you complying with the National Minimum Wage? What if you want to change the benefits on offer to existing employees? What happens to a pregnant employee’s benefits when she goes on maternity leave? These and other questions can be answered by our team of experienced HR professionals, all of whom have excellent employment law knowledge and practical experience in these areas.

Related Pages

Job Evaluation  A description of Job Evaluation (JE) and methods.

 

 

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