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How to spend money - Coggle Diagram
How to spend money
Objectives
To attract new staff
To secure current staff
To recognise conditions of work
To encourage training
To encourage rotation
Implementation
timescale
communication
involve others
Scope
Increase benefits
Increase real pay
temporarily
increase payrates
increase OT rates
increase weekend rates
implement training bonus
implement supplements
increase pay for skills
attendance bonus (monthly)
performance bonus (monthly)
permanently
same as above
add breaks
add hot food
refurbish canteens and changing rooms
add transport / transport allowence
sponsored holidays
sponsored gym
company purchase schemes
Who does it apply for
what to do with bonus