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.

THE FINANCIAL CONDUCT AUTHORITY DOES NOT REGULATE SOME EMPLOYEE BENEFITS.

STOCK DATA
Value Move %
FTSE 100
9491.25 63.52 0.674
FTSE 250
22197.62 150.318 0.682
FTSE 350
5188.96 34.78 0.675
FTSE All Shares
5133.41 34.13 0.669
Dow Jones
46758.28 238.582 0.513
Nasdaq
22780.506 -63.594 -0.278

Source: Rapid API
Updating every 15 minutes