Recruiting, motivating and retaining able staff is a key preoccupation of many businesses and getting the rewards mix right is an important ingredient. Remuneration menus made up of pensions, life insurance, tax efficient bonuses and benefits are common in well-managed businesses. But they require careful planning and selection depending on the type of business and the type of staff who are involved. What motivates and retains staff at an Internet start up business or a bioscience research operation may require a different balance than at a manufacturing business with a substantial production line workforce.

If staff are the keys to successful businesses, then well-founded and well-managed reward strategies are vital. Taking the right advice early on means that you can make the right moves sooner rather than later. The result should be contented and efficient staff who are confident that they are getting the best deal for their time and their labour.

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