Human Resource managers weighing which employee benefits incentivize improved job performance may want to take note of a recent study by WorldatWork which rated the top employee rewards.
The study honed in on employee perception of equity when it comes to worksite benefits related to performance. Those polled stated that opportunities for career development, base pay and pay increases were the top concerns for both managers allocating these rewards and the employees hoping to benefit from them.
"Reward professionals view career development opportunities as the top reward fairness concern because growth opportunities are in high demand by employees, while at the same time, career development processes are not particularly developed in many organizations," explained Tom McMullen of the Hay Group.
McMullen believes that one way to resolve the issue is to improve the HR management system governing incentive decisions. Honing effective methods of communicating company policies and expectations is one way HR representatives can help improve employee perception of a reward system, according to the source.
Standardizing the ways in which job performance is measured and fine tuning job designs within an organization may also aid in improving staff opinion regarding career development, the source suggests.
