The partner for the employee benefits scheme should help with this. We would work with you to build and execute a communications plan, this will focus upon your particular requirements and location of your employees. The plan and approach will include office and remote workers, part time and full time employees as well as online and offline communications. The measure of our success is defined through the use of our solutions by your employees.
Reward & Recognition play a key role in the continuous motivation of any individual or team. A well structured Reward & Recognition programme focuses upon the core KPI’s associated within a particular role of an individual or a team. A clear measurement that when exceeded triggers recognition and, where appropriate, a reward. We like to align these to stretch targets as we know how hard it is to change a basic salary or a commission package. Take time to agree the stretched targets beyond the individuals ‘normal’ performance and clearly specify the rewards available upon achievement. A key point to note here, is that the rewards should be self funding through the achievement of the stretched target. Supplying the rewards of choice also further engages an individual or team. By this, do not assume that because you like a particular retailer that your entire team will think the same way. Give them choice within a reward value and avoid cash payments as they need to remember the reward! Cash should be used to best effect in the basic salary and associated commission or bonus elements, rewards are about a celebration of achievement. Recognition is just as important, so carefully think about how the individual or team will be recognised and how often recognition will be given. For more top tips please contact us.
After the Christmas Period is when financial anxiety sky rockets, CIPD researched this matter and found that 1 in 5 are losing sleep at night due to money worries and that this lack of sleep is having a profound effect on their ability at work.
In a segment on BBC Breakfast this morning (11/1), Charles Cotton talks money worries with the country and spoke about the research the CIPD have conducted on the topic. Talking with the interviewer, a statistic was aired that stated it is not only low-income families that have money worries or money anxiety.
Charles Cotton can be seen saying that employers can provide certain things in order to help bring those money worries down, such as; training, ways of development in order for the employees to move up the corporate ladder, guidance in terms of being financially smart and education in terms of how to handle money and what is best for their money & finally he mentioned striking up deals with local businesses such as hairdressers and retailers to give the employees discounts on the luxuries that surround them.
Find the clip here – http://www.bbc.co.uk/iplayer/episode/b087shhh/breakfast-11012017