Is there a more challenging or perplexing HR task than that of designing and managing an effective rewards system? I have compared notes with dozens of colleagues and clients on the issue of rewards systems. We all have had our moments of trial and error with very little (dare I […]
Tag: rewards
What are the 2 golden rules of healthy and successful rewards strategies?
There are two fundamental considerations that organisations need to take into account to develop rewards that will incentivise staff to pursue excellence, establish a strong external reputation for ethical business practice, and build a healthy internal workplace culture, writes Joydeep Hor The recent Royal Commission into the Banking and Financial […]
Does your rewards strategy identify and address employee stressors?
Optimal employee rewards strategies need to be supported by well-designed surveys that reveal employee stressors – as well as their needs and preferences, writes Peter DeBellis What is the basis for your company’s rewards offerings? For too many companies, it is purely benchmarks – that is, they make rewards decisions based […]
How to design a collaborative rewards strategy which drives business results
Collaboration is an essential part of designing and deploying personalised, differentiated, agile, holistic rewards packages needed to attract, motivate and develop top talent, writes Peter DeBellis You’ve probably heard the ancient Indian fable about the blind wise men and the elephant. In it, each of the men touch an elephant […]
Best fit vs best practice: 3 keys to developing a compelling rewards offering
A properly designed rewards offering should represent a differentiated brand in and of itself, according to Pete DeBellis who explains that there are three steps to designing and bringing such an offering to market It’s a good time to think about your company’s rewards offering – not just because it’s […]