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Employee Benefits

What types of employee rewards are most effective? Part 2

In our article last week, we said that we often receive calls from employers who are desperate for a way to better their employee management practices. One of the requests that we hear most often is for us to help them with their employee-retention strategies. We mentioned that one of the things we look at it is the indirect rewards that the company gives their employees. We also look at the non-financial employee rewards which are given.

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Change staff behaviour with a recognition and rewards strategy

Rewards strategy

You know what it's like to run a team or a business: your greatest asset is your employees, who also happen to be your greatest challenge! As a manager or CEO, how do you go about effecting a culture change, or even just motivating your employees to perform? Read on to find out!

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Get more bang for your buck from your medical scheme for your employees

Medical scheme

At this time of the medical scheme benefit year, members have realised the impact of medical scheme inflation on their net disposable income - a scenario exacerbated by, for example, fuel hikes and increased food prices. Cash-strapped consumers – just like your employees - are looking to get more bang for their buck, and this applies to medical scheme benefits as well. The question is how can you help your employees do this?

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How fast should wages be growing?

Wage growth is always topical because we all want to know how our salaries and wages might grow. We all want to know if we are being short changed, and if our wages are fair.  As workers, we want more, many employers want to pay less as a matter of course and as HR professionals, we want to know what to advise management so that key staff are retained and morale is maintained, while costs are not unnecessarily increased.

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Employee benefits programmes: Who are these really benefitting?

South Africa had, according to Stats SA, 13.6 million employed people in the first quarter of 2013. During this same period, employment in the formal sector grew 0.8% while employment in the informal sector grew 4.1%. So with all of these employees currently active in the labour market, are they getting benefits packages which are actually profiting them?

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