Budget: know your reward spend. Understand what is sustainable. What are your fixed spends and what are your variable spends. Reporting and measuring are important here to keep your CFO happy - always have the numbers at hand to contrast the reward cost with the cost of recruitment and the cost of disengaged staff.
02 August 2009
rewards and recognition A to Z (B=Budget...)
Budget: know your reward spend. Understand what is sustainable. What are your fixed spends and what are your variable spends. Reporting and measuring are important here to keep your CFO happy - always have the numbers at hand to contrast the reward cost with the cost of recruitment and the cost of disengaged staff.
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