What are pay reviews?
To run a successful business, it’s important your employees feel valued and know they are recognised for their contributions. People are seldom motivated by money alone, but a salary or wage review process, or a well-developed commission and incentive scheme provides opportunities to reward employees.
Pay reviews and incentive and commission schemes are important processes which are separate from the performance review process, even though they are linked. It's important to conduct pay reviews well, and to give full consideration to incentive and commission schemes, to ensure business and employee expectations are fully justified and managed correctly.
Why are pay reviews and well-developed incentive and commission schemes important?
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