Organisations may be forced to implement non-financial bonuses such as flexible working practices in order to keep their members of staff satisfied during the ongoing tough monetary times.
That is according to Diana Bruce, policy liaison officer at the Chartered Institute of Payroll Professionals (CIPP), who has said that with many workers still operating under pay freezes in the aftermath of the global economic downturn, such benefits will prove to be a "key area" throughout 2011 for employers looking to avoid grievance cases.
"Employers need to keep communication open at all times and find other ways of motivating staff," noted the expert.
Ms Bruce went on to say that areas such as "childcare provision or private health insurance" may be ideal opportunities for companies to do this.
This comes after the Hay Group stated recently (January 19th 2011) that while the majority of employers are planning pay rises this year, the bulk of them would struggle to keep up with inflation.
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Posted by Cheryl Bennett