Pay and reward covers all benefits an employer offers its employees, including financial benefits such as wages, pensions, paid leave and sick pay; and non-pay benefits such as appraisals, flexible working, opportunities for development and ongoing training.
Its a bit of a minefield believe it or not! In this episode, we dive deep into pay and reward, its importance, how to manage it as well as what to do when you receive requests that create an real imbalance in an employees pay and reward.
We cover Intrinsic & Extrinsic rewards & Financial rewards
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