Navigating change: Innovations in staffing services for unpredictable times
In today's fast-paced business landscape, staffing services play a pivotal role in helping organisations adapt to unexpected changes.
The fundamental difference between performance and salary reviews is that a performance review is all about development and career progression and a salary review is purely about remuneration.
It is a common belief that the two should always be kept separate and this is why?
Performance review should be used to promote and encourage development and growth, however, there are many companies that tie bonus payment with performance. The majority of bonus payments are measured on individual or company performance or a combination of both. If this is the case, the bonus structure should be set in black and white and the measurables should be communicated clearly. When the time to award the review arrives there really should be no need for a discussion, it is a given or not as the case may be.
It is now a common belief that the way to drive high performance is through honest feedback that employees and managers really hear. Clouding the focus with a conversation on pay and bonus is not conducive, nothing would be heard other than if their performance has been enough to deserve a pay rise or receive that annual bonus.
Keep the two separate and concentrate on using the performance review to focus on success and work through areas for development.
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In the ever-evolving landscape of recruitment, companies are turning to innovative solutions to meet their talent acquisition needs
It is no secret that we are experiencing unprecedented challenges and changes in our economy, which have led to an increase in unemployment and falling job vacancies.