No matter someone’s role in your business, all employees should feel valued, irrespective of their earnings level.
It is important to review the pay and reward structure you offer to your employees in order to keep motivation high.
In today’s environment, pay increases have been rare, leaving even the most valued employees facing financial pressure due to the rising cost of living. Following the outbreak of the coronavirus, employers could also be affected as employees who have financial difficulties may also experience mental and physical wellbeing issues.
Employers therefore need to strike a balance between employee engagement and effective rewards.
Find out more in effective rewards for the lower paid.