Clear answer for "Retention strategy for the brilliant employees". Let the best idea win! Drive by ideas and not hierarchy! How many of today's leaders are open to 'allowing others to win', that too when they consider them 'big' leaders and under them are 'small' leaders! Is it not conflicting/oxymoron when we attach 'big; and 'small', 'senior' or 'junior' to the word leader? Leaders are leaders! Just that or else you do not allow the best idea to lead you as a company!
The Hay Group Total Reward Framework A new way of understanding reward Reward strategies must be anchored in business reality to be effective. Which means linking it to your business strategy – and the needs of your employees as well as your organisation. Our Total Reward Framework helps you optimise reward, no matter how challenging the conditions. The issue Remuneration tends to be one of the worst-managed parts of an organisation’s cost structure. But with 10-70 per cent of total costs wrapped up in it, reward cannot be ignored, particularly in a downturn. To be effective, reward programmes must reflect the needs of the business, now and in the future. Only if they are tied closely to company strategy, business performance and the needs of employees can reward programmes deliver the ROI that is needed in tough times[MK1] . The Hay Group Total Reward Framework takes strategy as a starting point – and it focuses on total reward: every financial measure together with no
Post a Comment