Define 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 free managers guides and templates – Reward & Recognition Guide, (Engage section) 👉 – https://breathingspacehr.co.uk/how-to-hr/
Define 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 moreMarket Research: Regularly benchmark salaries against competitors. Adjust for Inflation: Consider cost-of-living adjustments (COLA). Flexible Benefits: Offer non-salary benefits like bonuses and wellness programmes. Transparent Pay: Make the pay structure clear to employees. Retention: Provide career development and promotion opportunities. Reward Systems: Use performance bonuses or profit-sharing. This helps retain talent and keep pay competitive.
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 […]
Read moreLead by Example Ensure leaders model inclusive, respectful behaviour and promote open communication. Promote Diversity Actively recruit diverse talent and support inclusion through training and employee groups. Encourage Employee Voice Create safe channels for feedback and involve staff in shaping workplace values. Recognise and Celebrate Acknowledge achievements and celebrate cultural events to build connections and […]
Read moreIdentify Causes: Assess the root causes of stress, whether it’s workload, management style, or workplace culture, and address them. Offer Support: Provide access to mental health resources, such as Employee Assistance Programs (EAPs), counselling, or stress management workshops. Promote Open Communication: Encourage employees to discuss stress-related issues early and provide a safe environment for feedback. […]
Read moreOnboarding: Provide a structured and robust induction plan and welcoming process with clear introductions to culture and role. Clear Expectations: Set clear goals and job alignment from day one. Regular Check-ins: Assess progress, gather feedback, and offer support. Development Opportunities: Offer training, mentorship, and career growth paths. Recognition: Regularly recognise achievements and provide feedback. Work-Life […]
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