1. How do I know what to pay?
Ranstad's latest world of work report offers a detailed insight
into the current jobs market across the vast number of sectors
Randstad specialises in. Joel Natfal, Major Players Head of
Recruitment for Research Insight & Analysis jobs gives a
brief overview of how to reward your staff.
Alternatively, if you want to read the full report you can get
your hands on it by requesting a copy here. Or if you're looking
to find your next star employee then get in touch with one of
our many specialist consultants or submit a brief.
The cost of growth and skills shortages
Money is tight, but organisations are going to have to accept
that people will now be asking for more. Most of those who’ve
had to work harder and who’ve developed new skills during the
downturn have done so without any increase in remuneration
as a reward.
2. Pay has been held down or frozen, whilst inflation has gone up,
and productivity and performance have improved. People have
reached a definite conclusion: 60% of them say they expect a
pay rise in 2010.
Other employee expectations
Organisations need to appreciate what people want: not just
absolute increases in salary, but improvements in training,
career development, and their work/life balance. There are cost
implications in catering to these improvements, and
organisations will need to make careful calculations concerning
the returns they can expect from making such investments.
3. Insentivising the individual
Mark Bull is CEO of Randstad Construction, Property and
Engineering. He says, “A lot of organisations set their 2010
budgets in 2009 when the outlook was uncertain, if not
downright bleak. Whilst things look more positive now, it would
be inadvisable to go too far too soon.
At the same time, given current worker sentiment,
organisations do need to take action on rewards”. He says that
by developing a full yet affordable toolbox of incentives for use
across the year, organisations can expect to motivate, attract
and retain staff.
About Major Players
Headquartered in Covent Garden, London, Major Players’ team
of more than 80 consultants provides freelance and permanent
personnel. The firm recruits for various advertising jobs,
marketing, design, digital media, events, interactive media,
creative, design, PR jobs in UK.for more information visit
http://www.majorplayers.co.uk/
