Exclusive Feature: Building your business with better incentives

When it comes to company goals, are your incentive schemes keeping employees focused?

Exclusive Feature: Building your business with better incentives

If you’re an HR professional, you’ve dealt with employee incentive schemes firsthand. And a good incentive scheme is a great thing to witness – when it’s done right, it will align employees with organisation goals and boost performance in the process.

But many HR professionals don’t get the desired results, and don’t understand why. Surely creating an incentive scheme isn’t much trickier than putting some KPIs and rewards together, right? As it turns out, this isn’t the case at all!

In this HRD-exclusive article, remuneration specialists Strategic Pay reveal their secrets to developing an effective incentive scheme:

  • How incentive schemes are a statement of company values
  • The difference between intrinsic and extrinsic motivators – and why you need to leverage them in your workplace
  • The important difference between discretionary bonuses vs incentive pay
  • Why employee incentive schemes are actually an investment, not an expense
  • How your current staff incentive scheme might be setting you up for failure

Recent articles & video

Air New Zealand returns as most attractive employer for NZ

Same pay despite different locations and roles: Does it work?

ChatGPT use soars in Q1: Report

Overworked employees face higher risks of stroke, heart disease: report

Most Read Articles

Privacy Commissioner: Think about consequences of AI before use

Director gets 2-year jail time for not passing deductions to IR

Pressure to always remain online driving burnout across New Zealand