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Rethinking Remuneration at the RCSA Workforce Symposium

Monday 17 March 2008

Strategic Futurist Marcus Barber has presented 'The 8 Factors' model of remuneration at the Recruitment & Consulting Services Association 7th Workforce Symposium in Canberra in March. The model, previously appearing in Australia's leading Innovation magazine 'Fast Thinking' provides a means for businesses to think beyond 'cash' as the primary motivator or attractor and

looks to provide greater strategic flexibility for employers and employees by aligning incentive types to the actual needs of the employer and employee.  As Barber explains "The trap some businesses fall into is their reliance on just one dominant form of paying employees, yet as retention becomes an area of concern a reliance on just one way increases the risk of employee turnover.  The 8 Factors model throws a light on what is really required to keep employees"

At the conference the Minister for Workforce Engagement, Brendan O'Connor detailed some of the new Government's thinking and areas of focus for workforce issues, adding that the Federal Government had recieved hundreds of submissions from all sorts of stakeholders that will be considered as they formulate their go to market strategies for workforce engagement.

In a later session looking at the issues over generational management, Marcus Barber joined Anders Sorman-Nilsson a 'Gen Y' specialist and Mark Heaysman of Diversity at Work for a panel discussion expertly hosted by Peter Couchman with the key take away being: 'Don't put your employees in a box, talk to them how they need to talk to you' and look for ways to foster broader relationships across the so called generational divide

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