If you want to improve your profitability you need to measure employee performance regularly, using effective standards of measurement.
It is often said that your staff are your most valuable assets, and indeed your long-serving employees may know as much about your business as you do. So why not take advantage of that knowledge, and some tax breaks, to improve your profits?
Employee share schemes, such as share incentive plans (SIPs) and Save As You Earn (SAYE) schemes, are increasingly being used by firms to reward good staff performance and retain workers, and make an attractive remuneration package when recruiting.
An independent review has said that involving employees fully in the future of their firms will help businesses to innovate, develop and grow.
