Incentivising Your Employees

Compensation and Benefits is often at the centre of key debates on the workforce in any business; issues of how to attract talent and how to retain it will often come back to a discussion of whether an employer is paying enough in salaries or offering the right set of benefits or bonus and commission structure. However, as we move into a dynamic in which we have multiple generations in the workforce (Generation X, Y and Z) and an economy shaped by technological innovation, it may well be that the key attractions for attracting and retaining talent will actually be policies which cost very little to the business.

What are Employers Currently Offering?

Our UAE 2016 Workplace Study found that 43% of respondents offered benefits in order to retain staff; with only 11% stating that the focus of benefits was to attract new staff.  This perspective demonstrates an interesting shift in focus in a maturing economy and one which it is fair to say has been affected by the oil