najeebae21 Globally, emerging trends in the types of conflict and industrial sanctions costs companies an estimated $500+ billions in annual revenue. A workplace conflict is a dispute amongst the workers, OR between employees and their employer. These may arise from clashing personal interests, poor working conditions / policies, change, pays & benefits, or collective employment laws. … Read more
Organizations that recognize an employee’s contribution and incentivize worker performance will maintain an ever-growing workplace productivity curve. The term ‘reward’ means everything a worker receives from their employer after work. There are two types of employee rewards: 1. Intrinsic Rewards Intrinsic rewards include all the psychological benefits an employee gets out of achieving an impactful … Read more
Developing an organization’s reward package needs strategic approaches based on key internal drivers and external labor market insights. These key indicators signal that a company needs to implement a rewards system: When formulating a rewards system, consider the following external factors: Developing a Rewards System The answers to the questions below help HR to highlight … Read more
A policy initiative refers to the strategic actions taken by organizations to drive performance in different sectors. Businesses need HR policies that guide their rewards system if they are to improve employee productivity. It is best if you involve employees in the design and implementation stages of a rewards program. This participation makes the final … Read more
Government legislation greatly influences an organization’s reward system. Such regulations regularize and govern how much and how often a company can give or introduce employees to rewards respectively. In the UK, for example, companies must strictly adhere to the National Minimum Wage Act (1998), the Equality Act (2010) and the Working Time Regulations of 1998 … Read more
Line managers are an important link when organizations are designing and implementing rewards decisions. People practice supports these managers to make consistent and appropriate reward judgements. To better understand how people practice guides line managers to make exceptional reward strategies, follow this 8-point review. How People Practice Supports Line Managers to Make Reward Decisions 1: … Read more
Line managers are charged with making reward judgements based on organizational approaches to reward. To do this successfully, reward strategies must conform to psychological incentive theories such as expectancy, process-based, or reinforcement theory. In creating motivation policies, line managers factor principles like valence, fairness, and financial / non-financial company goals in the framework. Many employers … Read more
Are you a CIPD student in the United Kingdom? then you are required to keep abreast with emerging issues and future implications of HR policies and procedures in UK. As a people professional you are required to familiarize with developments in people profession due to technological advancements such as artificial intelligence and its impact in … Read more
A global pandemic. An ensuing lockdown. The emergence of virtual workers, hybrid working models, and an unprecedented gig economy. Add to the equation fast-changing technological trends especially in people analytics, AI, and robotics. The traditional talent manager and workforce planner is in a tight spot! But there’s relief, finally. Most accredited institutions nowadays teach a … Read more
Post COVID, businesses can’t ignore the 87% of workers who’ll only work in a collaborative office space. According to a Gartner research, facilities management in hybrid working in 2024 helps over 82% of world organizations to retain 59% of their hard-earned talent. To drive efficiency in a business, its people, place, processes, technology, and workforce … Read more