Lower salary budgets are a fact of life for many companies; research from Towers Watson reveals that on average companies set aside a budget of just 3% for base pay increases, equal to UK inflation. And according to the survey results, companies are trying to make those budgets go further by using pay differentiation.
Reward your staff for a job well done
Are your managers and employees walking in different directions? Many employers still adamantly believe that you are either an engaged individual or you’re not, but this is not the case. Enjoying your job is not the same as being engaged while working and employee engagement is very much a two way street. Yes individuals are [...]