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Retaining and incentivising staff

Retaining key talent and maintaining a stable and successful workforce has never been more critical.

As businesses continue to adapt to the challenges of the  pandemic, retaining your most talented and productive staff members, and protecting your ideas and interests, will become an even greater priority.

It is necessary to ensure that employees are engaged with the core business and are alive to the importance of ensuring that the business’s key resources and interests are safeguarded. Incentivising staff, not just financially, plays a big part in employees feeling engaged during these difficult times. Employees increasingly want to work for responsible businesses, diversity and inclusion is also high on the agenda and striking the right balance is key.

Further reading

Aerial view of Kensington in the morning, London

Climate emergency, work and employment law

29 September 2021

This article explores how the climate emergency may shape future employment law and practice and looks at some early developments and trends.

Working from home desk

Protecting your business where employees are in short supply

21 September 2021

This article summarises some steps you can take to protect your business as recruitment and retention become more challenging.

Checklist

How to structure employee remuneration packages after Covid-19?

01 September 2021

A principal concern for employers has always been finding the best way to retain and incentivise key staff. In the wake of Covid-19, with employers facing skills shortages, that concern has increased not only for key staff but also the wider workforce. With many businesses dealing with escalating costs and cash flow difficulties, how can employers ensure that their remuneration packages are competitive?

Salary sacrifice arrangements

21 August 2020

A salary sacrifice arrangement is where an employee gives up the right to receive part of the cash salary due under their contract of employment in return for the employer’s agreement to provide some form of non- cash benefit.

COVID-19

Coronavirus the impact on post-termination restrictions

12 August 2020

As the Coronavirus lockdown slowly lifts, we’ve seen an increase in employee resignations as well as competitor recruitment activity. Will your post-termination restrictions stand up to the new challenges?

COVID-19

Choppy waters ahead – long-term employee incentive plans in a recession

28 July 2020

One of the many issues arising from the Covid-19 pandemic is its effect on existing long-term cash and equity incentive plans. We answer some of the key questions that businesses are asking.

Working from home desk

Employee competition in the time of remote working

16 July 2020

For many employers recent priorities have focussed on the practicalities of transitioning their workforce to homeworking, taking advantage of the government’s furlough scheme, and making cost savings. Another important consideration is the need to protect businesses from unlawful employee competition during and in the period following the lockdown. We have seen a significant increase in this activity in recent weeks and this article sets out practical steps for employers to follow.

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