![]() Understanding your legal obligations and pay processes can help avoid mistakes occurring in the first place, and enable you to resolve any issues concerning pay swiftly.īy law, employers must pay their employees either the National Minimum Wage or the National Living Wage. Organisations should make every effort to resolve any disputes internally, to avoid the problem escalating and being referred to an employment tribunal or court case. Occasionally disputes about pay arise, and when they do, it often has a negative effect on staff morale and productivity. Organisations sometimes use pay scales to determine the wage a worker is entitled to, based on their performance, competency, qualifications or skills.Įmployees generally move up the pay scales as they develop their skills and improve their performance, which can motivate and engage staff. The challenge for most companies is to set consistent pay levels which give value for money to the organisation while rewarding employees fairly. Businesses must pay their employees in line with the law and their contract of employment. Pay is one of the most important factors of an employment relationship. Pay and reward strategies should be supported by communication with employees so that they are aware of the behaviours and performances being rewarded, how they will be rewarded and why they are rewarded. Attract, retain, inspireĮmployers should find out what attracts, retains and inspires individuals within their industry or organisation and explore how they can meet the wants of their employees while operating within a legal framework. The most effective pay and reward packages are aligned with the needs of your business. ![]() Pay and reward covers all benefits an employer offers its employees, including financial benefits such as wages, pensions, paid leave and sick pay and non-pay benefits such as appraisals, flexible working, opportunities for development and ongoing training. In addition, an attractive and economically viable pay and reward system can have a positive impact on recruiting new staff, engaging employees and encouraging loyalty. There are certain legal requirements concerning pay which all employers must meet, including equal pay, the national living wage and the national minimum wage. Pay and reward covers all benefits an employer offers its employees ![]()
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