Employers could see downfall with 'wait and see' tactic

Date: 20/01/2010

With pay freezes and cuts nearly across the board in 2009, it seems that a similar trend is to continue into 2010, according to a new survey.

The WorldatWork 2009-10 Salary Budget Survey found that of the organisations that cut pay, 37 per cent said they were not considering recovery actions, a further 29 per cent planned to restore pay and 15 per cent said pay cuts were permanent.

Alison Avalos, research manager for WorldatWork, said that with lower than average employee satisfaction levels, it is "crucial" for the upper levels of a company to centre employee value proposition on an entire total rewards package or similar incentives and recognition.

She continued: "Employers can cultivate employee loyalty by highlighting non-cash rewards, particularly for key employees. These programs validate the employee's time, effort and talent, even in the absence of salary increases."

Allowing more people to work from home and giving them the correct amount of support when doing so is an excellent way to boost morale in the workplace, according to a recent study by oneDrum.com.

Posted by Michelle Fry

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