Editor's message: Organisations like to be inventive with their reward offerings. Paying all employees only their salary, with no opportunity for them to earn any more during the year, may work for some roles, but is unlikely to engage or motivate employees in others.
Bonuses are one of the most common incentive payments used by employers, and can add up to a considerable enhancement to the salaries of some individuals. The possibility of earning a bonus encourages employees to go the extra mile - ultimately providing a benefit to both employer and employee.
Other payments don't require specific input from employees. Long-service awards, for example, reward employees for longevity with their employer. Although some such awards are token, for example a badge or a pen, some organisations make awards that are worth considerably more to recognise long service.
Rachel Sharp, HR practice editor
Updated to include revised advisory fuel rates, effective from 1 September 2019.
Away from health-related benefits, company cars and pensions, there are a host of other benefits available to employers to boost the package they offer to employees. We investigate some of the other benefits available.
This summary report covers key findings from the 2019 XpertHR survey on reward strategies and priorities.
We look at the average bonus payments across different job roles and industries, and how likely employees are to receive a payment.
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The new owners of sandwich chain Pret A Manger have promised a £1,000 bonus to all employees who are on the payroll when the deal completes. But does a one-off cash bonus actually foster engagement, asks Ian MacRae?
HR and legal information and guidance relating to employee incentives.