Performance management Performance improvement plans are intended to improve performance and retain the employee, but the end result may in fact be termination of employment if performance levels continue to be unsatisfactory. For this reason, it is important to be aware of current unfair dismissal legislation and of the organisation's policy on termination before the process begins. Performance management systems fail retention programs Traditional performance management systems are partly to blame for costly failed retention strategies. The outlay for larger organisations losing senior staff is in the millions, according to a recent Mercer Cullen Egan Dell survey. For more information about performance management, please visit our performance management page , or Mercer Cullen Egan Dell's main site .
Employee benefits are an important part of remuneration management.
Although lower marginal tax rates reduce the tax effectiveness of salary sacrifice arrangements offered by many organisations, Mercer Cullen Egan Dell expects salary packaging will be retained by most employers as a critical element of employees total compensation. When considering employee benefits, it's important to consider the employee's attitude to them. For example, access to new learning opportunities is extremely important to the Generation X workforce - young, skilled workers born between 1963 and 1977. To these individuals, learning is both a means of effectively completing their current job, and a way of adding to the set of skills they can offer to the market. The opportunity to pursue knowledge and skills can be the currency of reward for these employees.