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Remuneration (+ flex remuneration)
Reward or payment for the execution of a work or provision of a service. It can be a salary or any other gratuity paid by the employer to the worker due to their employment relationship.
Some examples:
- Medical insurance
- Food vouchers
- Transport card
- Nursery vouchers
- Training
The flexible remuneration model in the company aims to significantly improve the quality of life of the worker. Enjoying different services and products that are exempt from tax, represent great savings for the family economy. Work motivation increases and consequently so does productivity, which translates into a better environment in general.
Without this method, workers in some cases would not consider eating in a restaurant every day or taking out health insurance for the whole family.
The costs for the company are very manageable, or they are not very high, the organization only deals with the management of these services, this investment is easily recovered by obtaining more motivated and efficient employees. It is logical that more people want to stay in companies that care about the motivation of their employees, which helps retain talent.
Finally, this type of remuneration helps in family reconciliation by reducing absenteeism.
Pay for Performance
The role of people management professionals should not avoid one of the fundamental aspects on which labor relations are based: remuneration policies. We analyze how the trend of "Pay for Performance" or payment for contribution can also support the development of talent in organizations.
