Companies need to be focussed on more than money rewards

15 December 2010, Christchurch.

Pivot Software has released “(DON’T) Show me the Money” highlighting the new reality of managing remuneration decisions.

The eBook offers practical advice for HR professionals and a strategic template to assist organisations in reviewing their remuneration processes.
“By taking a more holistic view of remuneration, an organisation can help improve employee engagement and build a stronger employment offer,” says Philippa Youngman, Chief Executive of Pivot.

“The eBook features a four dimensional model we use based on common sense and sound remuneration practices we’ve seen at large banks, government departments and insurance companies across New Zealand and Australia,” says Philippa.

The eBook refers to HR consultancy Hewitt’s ‘Best Employers’ study, that found getting your employment offer right is seen as crucial to employee engagement.

“The study found that when line managers had a good understanding of their company’s remuneration policy and process they could explain it well to staff, which corresponded strongly with a positive perception of pay amongst employees”.

“Furthermore, if a company’s remuneration policy is well understood, staff were happy about being paid on performance,” says Philippa.

The complimentary eBook can be downloaded from Pivot’s website, www.pivotsoftware.co.nz.

ENDS

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