The new face of reward - grasp the opportunity

With reward and bonuses hitting headlines, now is the time to reconsider how your reward system works and make it more effective than ever.

The recession has brought the issue of bonuses and salaries into sharp focus. Whilst the majority of the attention has been focused on the financial sector and bonuses being given to perceived ‘fat cat’ bankers, other business sectors should not assume that they will remain untouched from the fallout of the economic situation. A few months into 2010, we are slowly seeing a shift towards greater transparency when it comes to rewards. Instead of treating this as a threat, businesses should treat it as an opportunity, as it allows them to increase compliance levels, whilst helping to create a more motivated workforce.