When developing a payroll system for a company, it is important to consider many factors. Effective material motivation depends not only on regional and industry characteristics, but also on the scale of the company, the competitive environment, and the time of its existence. One of the common mistakes in this area is focusing on the average salary in the region. Companies that monitor only this parameter usually use simple labor motivation systems.
However, attracting and retaining outstanding talent requires innovative approaches. Instead of simply matching regional average pay standards, companies can offer slightly better pay than their competitors. Alternatively, incentive schemes can be developed to help retain valuable employees over the long term.
Average salary rates by region
Let's look at a practical example. Let's bangladesh email list say there is a regional forest industry enterprise located in a remote area and offering small salaries. However, the organization decides to hire an outstanding programmer to service the accounting programs. To make its offer more attractive, the company purchases an apartment worth two million rubles in advance. The employee is discussed with the condition that the apartment will become his property after three years of work from the moment of employment.
This innovative approach helps the company stand out in the market and attract outstanding specialists, despite the relatively low regional salary standards. At the same time, such a motivation scheme ensures employee retention on a long-term basis, which contributes to the stability and growth of the organization.
Therefore, it is important to realize that the preparation of a payroll system must be individualized and adapted to the specific conditions of the company in order to attract and retain the best specialists.