RBS continues to invest in staff motivation

Date: 17/06/2009

The Royal Bank of Scotland (RBS) has announced that it is continuing to invest in employee reward and recognition in the downturn in order to help itself out of the economic downturn.

Making his comments to the Employee Benefits Summit in Monte Carlo, Jim Cowan, the senior consultant for remuneration and benefits at RBS, said the organisation still needed to make strong business decisions despite being under constant public scrutiny as it was for the best.

The host company's website reported Mr Cowan as saying: "As we communicate with our employees, we have to be very honest.

"There are a lot of things in our benefits programmes that carry real added value for employees."

An incentive scheme has been implemented in order to enhance performance and it is hoped they will see the benefits of such a programme soon.

The scrutiny for RBS was perhaps at its highest towards the end of last year, when former chief executive Sir Fred Goodwin - who presided over the biggest annual corporate loss for a UK company in history, losing over £24 billion - walked away from his post with a £700,000-a-year pension.

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