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Friday, 16 May 2008
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Remuneration
The Market Rate
More or Less?
Basic Pay
Bonuses and Commission
Using Shares and Options
Benefits
Non-financial Extras
Pay Reviews

Remuneration

Get your remuneration packages right and you will attract reliable employees with the skills your business needs. Get them wrong and you will be unable to recruit or retain these people.

Since the remuneration package is the most visible part of any job offer, you must pitch it right to interest the right people. But even that can be easy, compared with fine-tuning the rewards to keep good people with you.

This briefing covers:

  • Deciding how much to pay.
  • Complying with statutory obligations on minimum wage and working time.
  • Structuring pay and benefit packages.
  • Using non-financial rewards.
  • Handling pay reviews.
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