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Pay & Incentives - Coggle Diagram
Pay & Incentives
Job Evaluation?
Development Reviews
Progression depends on area of the business
Development is limited unless business critical
No annual pay review or profit share (historically there was).
Morale impacted when company performing
Lateral moves/transfers are discouraged or stopped
Limited flexibility to working hours
76% Male workforce
Large EU proportion
Bonus paid on output not quality
Impacts support teams and customer opinions
Pay Considerations
Market environment
Size of order book and forecast volumes
Raw Material Costs
Attrition rates
Benchmarking against local employers
Compliance with UK Pay legislation
Published gender equality
Skills required to achieve goals
Attention to Detail
Speed
Consistency
Previous Experience
Commitment
Flexible (hours)
Risks
Brexit impact on EU migrant employment desire
Customer pressures and change in order volumes
Industry is not as appealing to school leavers
Ageing workforce (particular areas)
Little or under-developed employee consideration
Growing unionisation of workforce leading to more class-action movement
Competitors
Local Manufacturers
Other Furniture Manufacturers
Local Skills based jobs
EU Work Conditions
Pay Decision Making
Manufacturing
Skilled
Grade 1
Grade 5
Grade 3
Unskilled
Labourer
Despatch
Apprentices
Support Staff
Finance
Customer Service
Design & Development
Procurement
HR
Managerial
Director
Senior Managers
Supervisors