Reward Issues; Paying Staff
Achieving value from a pay increase budget is becoming increasingly challenging.
Despite Brexit, the UK economy is doing well, applications for vacancies from Europeans are reducing, the UK economy is approaching full employment, & wage inflation is increasing.
The question is, how to balance the demands of rewarding key talent adequately and at the same time addressing the cost of reducing pay diversity.
Both issues impact reward funding & reward decision making.
At Human Capital Efficiency, we believe the solution is in understanding the balance between the job, the market, & the individual.