Martin Schillig, HR business partner at sports betting organisation Tipico, posed these three questions:
- Which external environmental changes will affect your reward practice or strategy for 2014??
- How will these affect your reward practice or strategy??
- How will you communicate these changes to both management and employees?”
Robert Holman, group reward manager at international retail franchise operator MH Alshaya, responded: “The most influential external environmental change will be the speed at which the economies of Europe come out of recession in 2014.
“This will see the recruitment market pick up, making it necessary for your reward offer to be competitive and refreshed.
“As for communication, keep to the golden rule of simplicity, whatever you do.”