Staff question reward versus effort says CIPD January 2012
Posted date: 3 January 2012
Employees are losing confidence in reward and how it compares to their work, according to research from the Chartered Institute of Personnel and Development (CIPD).
Many workers have been left unsatisfied with the level of pay rise and bonus that they received in 2011, with more than half experiencing a freeze or cut in wages. This is despite findings that suggest staff are sympathetic to the economic conditions and have altered their expectations accordingly.
The annual Employees Attitudes to Pay survey showed that of the 45 per cent of the workforce that did obtain a remuneration increase, only 19 per cent felt that it reflected how hard they had worked. Nevertheless, overall the net satisfaction in 2011 remained positive at +56, only slightly down from +61 in 2010.
Charles Cotton, Reward Adviser at the CIPD, believes it is encouraging that employees are recognising that employers are struggling to reward them due to the state of the economy. However, companies must ensure that individual achievements are acknowledged.
He warned: “Employers must try harder to explain what performance the organisation values and how it will reward and recognise this. If not, levels of motivation and productivity could fall.”
The main cause of dissatisfaction was that pay increases were not keeping pace with the cost of living. This reason was given by 63 per cent of respondents in 2011, up 10 per cent from the previous year.
For further analysis of the results look out for a feature from the CIPD in our February issue.
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