The right pay and benefits help an organisation to attract and retain the right people. But pay policy is a complex issue, linked to external competitiveness, internal equity, culture, objectives and affordability.
Though all payscales are not created equal, equity is key. An effective system of reward must be felt by all parties to be fair. The concept of ‘felt-fair pay’ was the focus of some of Bioss’s earliest organisational research and consultancy.
Today, Bioss’s Felt-Fair Pay solutions help organisations to make policy decisions and build an architecture for recognition and rewards that is strategically aligned to value creation, reflects the complexity of each role, and acknowledges the capability of the person filling it.
Talk to Bioss about Reward.