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Acerta's two-yearly survey of more than 2,000 employees shows that 45% of Belgians do not know how their salary is determined. The other half identified seniority and experience as the most important pillar. A fair wage, a clear growth path and transparent communication work best. But how exactly do you do that?
There are two important conditions for a strong and sustainable remuneration policy: transparency and fairness. For example, employees will more readily accept differences in pay between colleagues if it is clear why those differences exist. For example, responsibilities, seniority and experience are measurable, and thus form a clear criterion. However, one should not pay purely on the basis of years of work, because that does not motivate. So how do you motivate your employees?
Healthy motivation is the best fuel for high-performing employees. Motivated employees are those who see their basic needs of Autonomy, Bonding and Competence fulfilled, according to the theory of self-determination (Deci & Ryan):
Of course, pay remains an important pillar for motivating people and keeping them motivated. Did you know that the ABC model can also be integrated into your wage policy? Only when remuneration meets personal needs, is perceived to be fair and is transparent, does it have a motivating effect.
Research continues to show that more than 70% of Belgian workers want more say in the composition of their pay package. It is therefore striking that more than 8 out of 10 Belgians indicate that they have no choices in their current salary package. If, as an employer, you do give your employees choices, you will gain a major competitive advantage in the current situation of labour shortages and the war for talent. In addition, a green cafeteria plan can also be used to make a commitment to the climate. You can offer bike leasing, electric company cars, etc. Win-win-win for your organisation, your employees and the climate!
Leasing a bike through work has never been more popular
Company bikes are very much in evidence on our Belgian roads. As many as 25% more employees opted for a bike lease this year.
Read moreProfit bonus fast gaining popularity
In spite of the tough business climate, a slightly larger number of white-collar workers were paid a profit bonus this year, which also increased the average amount. This is corroborated by the scan conducted by Acerta. Which makes the profit bonus an advantageous way to reward your employees.
Read more(How) can your employees buy extra holidays?
What if your employees would like extra holidays on top of the agreed statutory and non-statutory holidays, and the work allows this? What are the possibilities? You can already assume that it will boost your employees’ motivation if you can respond to their requests for extra holidays. For that reason alone, it is worth looking at the options.
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