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Improving remuneration and incentive strategies
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Remuneration and incentives have always been a Pandora’s box for business leaders. In the post-pandemic climate, however, in which employee values have shifted, the equation has become trickier. In this episode of The HR Leader Podcast, host Jerome Doraisamy speaks with TalentCode HR founder and managing director Trudy MacDonald about the difficulties business leaders have long had with implementing successful remuneration and incentive strategies, how COVID-19 spawned a shift in employee thinking around work/life balance, the Great Exhaustion and its implications, the impact of resenteeism, and how difficult it is for employers to cater to idiosyncratic needs of all staff.
MacDonald also reflects on whether employees are staying put right now (following the Great Resignation), employee disgruntlement amid high inflation and a cost-of-living crisis, how the latest WGEA data might impact employee thinking, the steps that HR professionals and C-suite executives need to take, measuring success, and the folly of viewing remuneration as an isolated issue.
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