This helps retain talent and keep pay competitive.
There is no legal requirement for employers to pay extra for overtime unless it’s stated in the employment contract. Contractual Agreements: Employees are entitled to that agreed rate if overtime pay is specified in the contract. National Minimum Wage: Overtime pay cannot fall below the National Minimum Wage or National Living Wage. Voluntary Overtime: Employees […]
Read moreProvide development plans, meaningful recognition, fair, consistent pay practices, and flexible working where possible. Exit and stay interviews reveal what to fix before people leave.
Read moreTo balance expectations and business realities: Be Transparent: Communicate openly about financial constraints and future plans. Offer Non-Monetary Benefits: Provide perks like flexible work, professional development, and wellness programmes. Highlight Career Growth: Focus on skill-building, mentorship, and internal mobility. Benchmark Salaries: Stay competitive within budget limits. Recognise & Reward: Show appreciation through bonuses, promotions, or additional […]
Read moreDefine objectives (e.g., sales targets, performance metrics). Set eligibility criteria (e.g., roles, tenure). Determine the structure (e.g., percentage of sales, fixed amount). Establish payout frequency (e.g., monthly, quarterly). Outline terms and conditions (e.g., clawbacks, performance reviews, and consider bonus rules). Communicate clearly to employees. Document the scheme in writing and make sure it’s non-contractual. For […]
Read moreShare the “why”, involve teams in decisions, recognise effort, and improve manager capability. Small habits—thank-yous, visible progress, and autonomy—go a long way.
Read moreIdentify Gaps: Assess current skills and determine where gaps exist. Have a robust succession plan in place. Develop Talent: Offer training, mentoring, and development programmes to prepare employees for new roles. Encourage Career Growth: Create clear career progression paths to motivate employees to upskill. Internal Job Postings: Advertise openings internally to encourage existing employees to […]
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