Motivate your team without giving them a Porsche!
How to motivate your team without giving them a Porsche!
Thames Valley Chamber HR group recently asked me to present on the topic of non monetary rewards, as an introduction to a ‘table discussion’. Some of the key messages are summarized here.
Why do you need rewards?
Surely having a job and being paid is enough?! Well no, it doesn’t quite work like that.
According to HRmagazine.co.uk & Hyphen:
A third of employees would take a pay-cut in favour of more annual leave
Career prospects are more important than money for graduate jobseekers
A quarter (25%) of 16-24 year olds chose their employer based on number of holidays
Nearly three quarters (70%) of more than 1,000 employees polled feel their employer either takes their efforts for granted or expects them to feel grateful for having a job
An effective compensation & benefits strategy is an opportunity for an organisation to differentiate itself from its competitors, and will make a significant positive difference to an organisation’s success.
We live in challenging...