Clear Review has joined Advanced - Discover our full suite of powerful and innovative people management solutions

Find out more

Subscribe to our newsletter for inspiration, ideas and updates on the latest in performance management.

Back to blog

The impending challenge with pay and reward

Impending challenge of pay reward

Employ­ee rat­ings are a chal­leng­ing and stress­ful time for every­one involved. For man­agers who need to eval­u­ate the per­for­mance of every team mem­ber they have, for HR work­ers who need to review and analyse the find­ing of the rat­ings, and for the employ­ees, who wor­ry what the out­come will be, and if they will be rat­ed fairly.

This is even more stress­ful now than ever before! Right now infla­tion is at its high­est since the ear­ly 80s, mean­ing com­pa­nies are hav­ing to tight­en their spend­ing, but employ­ees are want­i­ng more mon­ey to com­bat their ris­ing liv­ing expenses.

Along with this, the great res­ig­na­tion remains an ongo­ing issue for many organ­i­sa­tions, with a great deal of employ­ees remain­ing on the brink of leav­ing jobs to seek out an employ­er who can meet more of their needs. In gen­er­al peo­ple expect more from their employ­er than ever before, it’s no longer the employ­er who holds the pow­er, who can set the rules no ques­tions asked.

This all adds up to a high amount of pres­sure for organ­i­sa­tion leads to ensure they are get­ting rat­ings, pay, and reward right. With a lim­it­ed pot for bonus­es and wage increas­es, and many employ­ees weight­ing their options on whether now is the time for a career move, how organ­i­sa­tions move for­ward with their pay and reward deci­sions, could have a huge impact long term.

Fur­ther­more, many of the ways organ­i­sa­tions cur­rent­ly rate their employ­ees are flawed, lead­ing to incor­rect and unfair results, and run­ning the risk of top tal­ent get­ting over looked, ulti­mate­ly leav­ing to go some­where they are bet­ter appreciated.

But what can organ­i­sa­tions to do com­bat all this? How can they find their true top per­form­ers, how can they fair­ly han­dle pay and reward in today’s tur­bu­lent times?

In an attempt to shed some light in these mat­ters, we have decid­ed to ded­i­cate the next three months to deliv­er­ing con­tent that can help pro­fes­sion­als who have to make deci­sions relat­ing to the rat­ing, pay and reward.

With help from our Inno­va­tion Direc­tor Nick Gal­limore, and Work­place Psy­chol­o­gist Ian McRae we’ll be putting out week­ly, edu­ca­tion­al pieces of con­tent, includ­ing blogs, videos and guides, that will con­tain help­ful insight into mak­ing fair and informed decisions.

Con­tent will cov­er sub­jects such as, the issue with rat­ing on a bell curve, how to man­age pay and reward with­in a con­tin­u­ous per­for­mance man­age­ment mod­el, a guide to iden­ti­fy­ing and reward­ing top tal­ent, the future of work­place incen­tives and more.

If you’d like to find out more now, you can talk to our team to find out how Clear Review can help. 

Want to learn more?

Book a demo to learn how Clear Review can help your pay and reward process.

Book a demo!