REWARD MANAGEMENT
Survey shows half of managers dissatisfied with reward systems
Only a half of managers polled by Roffey Park Institute feel they are rewarded appropriately for their contribution at work.
Roffey’ s fourth annual survey found that among the 204 managers quizzed almost six in ten said they were underpaid and two-fifths expressed a lack of confidence in the appraisal system.
Motivation and loyalty damaged
The data gathered by the Roffey researchers suggests that this dissatisfaction with rewards appears to have damaging consequences for both employee motivation and loyalty.
But as Caroline Glynn and Linda Holbeche, the authors of the report, observe: It appears to have less impact on respondents’ willingness to accept additional responsibilities.
Among the key findings:
Only a third of respondents reported that their organisation had introduced flexible reward packages.
Almost a third of managers do not feel that their contribution at work is appropriately recognised by managers, peers and subordinates.
As many as 69% said they would be prepared to be rewarded with time rather than money.
The report also examines:
managers’ experience of change
work-life balance
use of information technology.
Want to know more?
Title: The Management Agenda 2001, by Caroline Glynn and Linda Holbeche, Roffey Park Institute.
Methodology: Questionnaire which draws on the experience of people working in small, medium and large organisations in all sectors of the UK economy.
Sample size: 204 managers responded to the survey (male 59% professional 55% middle managers 34% senior managers 38%).
Availability: Contact Roffey Park Institute in West Sussex, United Kingdom, tel: 01293 851644, email: Info@roffeypark.com.
For more details, jump to www.roffeypark.com.