Is your pay and reward aligned with your business and employees' needs?
Pay and reward strategy should go beyond an over simplistic approach of pay and benefits, instead taking on a holistic approach.
This will encompass all aspects of work that are valued by employees:
- Stimulating work environment
- Opportunity for learning, development and career advancement
- The ability to support causes they care about.
Taking this approach leads to:
- Improved attraction and retention of the best talent
- Improved employee engagement
- A distinctive Employer Brand that is hard to replicate
- Increased return on investments
Dakota Blue can help you to develop a strategic, integrated approach that considers the four critical elements of pay and reward:
- Pay (Base salary and benefits)
- Opportunity (Career development)
- Future (Company strategy and vision)
- Environment (Day to day work environment)
Using this approach we can help you to prioritise your investments in rewards in line with the needs and preferences of the different employee groups within your business.
