Directors' & Staff Benefits

How to reward good performance.

Recruiting, motivating and retaining able staff is a key preoccupation of many businesses. Getting the rewards mix right is an important ingredient in successfully managing such staff. Remuneration menus made up of pensions, life insurance, tax efficient bonuses and benefits are common in well-managed businesses. But they require careful planning and selection depending on the type of business and the type of staff who are involved. What motivates and retains staff at an internet start-up business or a bioscience research operation may require a different balance than at a manufacturing business with a substantial production line workforce.

If staff are the keys to successful businesses then well founded and managed reward strategies are vital. Taking the right advice early on means that the right moves can be made at the outset without having to make them as the business goes along. The result should be contented and efficient staff who are confident that they are getting the most appropriate deal for their time and their labour.

STOCK DATA
Value Move %
FTSE 100
8146.86 -16.81 -0.206
FTSE 250
20120.36 -75.59 -0.374
FTSE 350
4482.59 -10.29 -0.229
FTSE All Shares
4438.37 -10.32 -0.232
Dow Jones
38589.16 -57.941 -0.15
Nasdaq
17688.883 21.322 0.121