compensation

25 ideas

  • Employee groups are becoming heterogeneous. 
  • Standard blanket homogenous rewards and benefit offerings are no longer ideal for employees.
  • Employees have started to prefer organisations that offer a basket of reward options based on their individual preferences. 
  • This includes offerings that support their healthcare, lifestyle, wellbeing, learning priorities such as gym memberships, cafeteria options, skill addition opportunities etc.

 

4 STASHED

1 LIKE

Rethinking total reward strategies

strategy-business.com

3 IDEAS

Rewarding To Maximize Motivation

The expectation of rewards may decrease the spontaneous interest in the activity to be rewarded. So it’s important to understand what the rewards should be and how they should be awarded to avoid this side effect.

Rewards should go beyond the usual healthcare and salary raise to provide a good work environment. The ideal is a corporate culture that recognizes good employees with nice perks and words of encouragement, but also provides a setting where people can grow, be heard, take ownership of their work and feel they have a purpose. 

35 STASHED

Incentives: The Importance of Rewarding Your Employees

huffpost.com

1 IDEA