Category: Long Term Incentives
The Future of Performance-Based Pay Schemes
Sarah Lardner | 11 October 2024
Long Term Incentives | Performance Related Pay | LTIP | Pay
Employee motivation is crucial to any organisation because it helps kick-start or maintain a desired level of engagement, productivity and performance. Regardless of their role or level, workers who feel motivated are more likely to invest in the long-term goals of a business, take an interest in the setting of those goals and contribute to meeting or surpassing them.
Three considerations when setting employee performance targets, pay and bonuses in a volatile market
19 August 2020
Bonus | Long Term Incentives | Performance Related Pay | Pay Fairness | Pay & Reward | Reward Strategy
How do you balance doing the right thing by your employees in terms of bonus and commission when business performance is not where you expected it to be? This is a hard question to answer and there will not be one approach that works for every business. However, there are questions all businesses can ask themselves to help navigate the challenges with performance targets and variable pay.
Keeping morale high with remote recognition
23 June 2020
Long Term Incentives | Motivation | Recognition | Covid-19
Simple recognition is often the best. Every time we run focus groups on the subject, the thing people want to most is a simple thank you – they just want to be acknowledged. Whilst we run round like headless chickens, reacting to the latest need this pandemic creates, take a moment to say thank you to those around you – it goes further than you think.
How to give your incentives an MOT
09 July 2019
Long Term Incentives | Performance Related Pay | Pay & Reward | Employee engagement | Sales Bonus | Pay Structure | Pay Review | Productivity
When did you last do a health check of your incentive schemes? Far from contributing to the success of the organisation, your incentive scheme may have quite the opposite effect. Here, James Bigus looks at three factors to bear in mind when designing a new incentive scheme, or when reviewing an existing one.
Attrition: The Silent Killer
15 August 2017
HR Reward | Reward Consultancy | Long Term Incentives | Motivation | Pay & Reward | Employee engagement | Engagement | Organisational Design | Reward Strategy | Reward
Excessive employee turnover costs UK businesses millions of pounds every year - but sometimes the numbers are just the tip of the iceberg. In this week's blog, client director Will Price considers the hidden cost of attrition and how it could be damaging more than your bottom line.
