Accelerate May 2015 - Page 66

Reward Developing a pay structure is always going to be a challenge. Developing an effective one is an even greater challenge. In other words, you need to develop a pay structure that works. What does this mean? A pay structure that works is firstly, a structure that motivates employees to work harder and smarter and secondly, one that will result in employees wanting to stay longer. So, let’s begin by learning how to develop an effective pa