There’s a new crisis when it comes to attracting, motivating and keeping talent. The old ways of pay grades and increments - along with the icing on the salary cake of tailored benefits - no longer have the same traction or impact they used to, not least due to this crisis of economics, motivation and meaning, which impacts almost every workplace and grinds the gears of employees on all levels, especially younger cohorts.
Published: 15 September 2023
How a leader departs is important for the individual and important for the organisation.
Published: 24 November 2022
Companies must work to understand the financial situations of their staff, and help employees understand more about their finances. That way, when we discuss wage increases, the conversation can be rooted in the reality of expenditure, rather than aspirational or hypothetical situations.
Published: 22 November 2022
Motivation programmes are more important than ever. Research shows they can be an effective way to address the Great Resignation, and attract the right new talent. But incentive schemes are only as good as their design, and most companies are yet to use the best source of data to tailor strategy around their employee audience.
Published: 25 July 2022
Too many managers think that they can only motivate people if they have the chance to offer them a bonus. In some cultures, it is considered rude or embarrassing to talk about money at any time. In other cultures, men may talk about money, but not women. Individual attitudes to talking about money vary, even within similar cultures, but as a manager, discussing salaries and bonus schemes is unavoidable, with any of your team, no matter their background.
Published: 6 July 2022
When attrition skyrockets address employee satisfaction, make it hard to go and easy to return.
Published: 27 January 2022
Best performers are the most valuable asset in any company. Customers, products, technology, inventory come and go.
No doubt, the company pays the best employees well and has a great culture, mission, strategy and vision. Nowaday in the market competitors can offer the same conditions.
The question is: how to keep the best people, consider tying them to company with handcuffs made of gold.
Published: 22 September 2021
Earned Wage Access allows employees to withdraw a portion of their pay in advance of their regular salary payment date without any changes to an employer’s payroll process, and at no cost to employers
Published: 13 August 2021
McDonalds publicly committed to a 50/50 gender balance among its corporate employees by 2030. This definitely stands out as an optimistic step forward being taken by a trend-setter in the business. However, traditionally, these types of statements ultimately end up being empty gestures, as often Human Resources departments are under-informed about the realities of what the payment landscape truly looks like.
Published: 8 April 2021
Any organisation striving to be a good employer will recognise that pay and benefits are important in attracting, retaining and engaging employees. It’s therefore extremely concerning that even before the pandemic only a third of employees though their pay was fair.
Published: 9 March 2021