Our latest Pulse Survey Report is out for those who participated, and as always provides some fascinating insight into the business of remuneration strategy. 

In an employee’s market, one major challenge for 2025 will be devising strategies to engage and motivate personnel as a priority.   

More than ever, design of your incentive structure will be essential to create fair and reasonable expectations, and you may need to adjust current thinking to get appropriate reward and performance alignment.

As always, this research provides some great insight into the next 12 months, particularly where remuneration strategy is concerned. 

With a persistently low unemployment rate, particopants told us that having a competitive REM remuneration package is their biggest challenge and coming up with strategies to engage and motivate employees will be a priority.   

According to the Australian HR Institute, the cost of replacing an employee in Australia is on average 1.5 times their annual salary, with the cost ranging from 16% to 200% depending on the role and seniority level.  More than ever, equitable design of your incentive structure will be essential to create fair and reasonable expectations, and you may need to adjust current thinking to get appropriate reward and performance alignment. 

The latest report contrasts sectors and levels of management, and will be an excellent guide for your next REM planning phase.

Keep an eye out for the release of our full report in the next few weeks.