Retaining and incentivising staff
In the war for talent, retaining key employees and maintaining a stable and successful workforce has never been more critical.
In challenging times, 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 difficult times. However, employees don’t just look for financial incentives. Increasingly, employees want to work for responsible businesses, where diversity and inclusion and flexible working is high on the agenda.
Salary sacrifice arrangements13 September 2023
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.
Lifting the cap21 December 2022
One of the few proposals to survive from Kwasi Kwarteng’s Growth Plan in September 2022 is the abolition of the so-called bankers’ bonus cap. We take a look at the consultation paper that has just been published.
Climate emergency, work and employment law29 September 2021
This article explores how the climate emergency may shape future employment law and practice and looks at some early developments and trends.
Protecting your business where employees are in short supply21 September 2021
This article summarises some steps you can take to protect your business as recruitment and retention become more challenging.
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?
Coronavirus the impact on post-termination restrictions12 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?
Choppy waters ahead – long-term employee incentive plans in a recession28 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.