To attract, retain, motivate and reward staff you need to pay them the appropriate salary. This can be determined by market rates, ability to pay or job evaluation.

Other ways in which staff can be rewarded are through remuneration packages which can consist of bonuses, incentives, perks and benefits. Benefits can include paid leave, occupational sick pay, occupational pensions, private healthcare and a company car or car allowance.

Typical questions

 
• How do I set the appropriate level of pay? 
• How can I set up an incentive pay scheme? 

For answers to these questions and others please log in to the Directors' Information Gateway (DIG) with your IoD membership number and password, or contact us for further assistance.

Did you know?

Did you know that as an IoD member you can obtain:

• salary information and model job descriptions by contacting the Business Information Service
• free and independent advice on remuneration and other HR issues by contacting the Directors' Advisory Service