Putting the right reward strategy in place that is relevant to your organisation and to the people you want to recruit, retain and motivate is a critical lever for success. If your reward strategy does not align with your organisational values or people feel it is unfair – they will notice and eventually will leave or withhold their discretionary effort. For many organisations, pay is also their biggest cost.
So, while reward may not be the first thing you think about as you look to the future, it should be high up on the list.
At the request of our clients, we have re-entered the reward ‘space’ because people are telling us that they have limited choice of experienced providers whereas we have a small army of highly experienced people who are very capable and willing to help.