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Innovative rewards key to 'motivating those in graduate jobs'

Published: Tuesday, 19 April 2011   Category: All Graduate job news

Companies are finding innovative and creative ways to motivate staff in graduate jobs as high inflation and budget constraints put pressure on their ability to use pay effectively.

That is according to the Chartered Institute of Personnel and Development (CIPD), whose Reward Conference will focus on this very topic when it takes place in London on May 25th and 26th.

Leaders from McDonald's, Unilever, Oxfam, TFL, Capital One, The National Trust, John Lewis and Sainsbury's will assess and evaluate the ways that HR departments can reward and create added value.

Charles Cotton, reward advisor at the CIPD and chair of a session on the value of pay and benefits, said: "Although we are seeing certain areas of the economy slowly recover, increasing pressure from high inflation, stagnant wages and public sector cut backs means organisations still need to maintain momentum."

He added that innovation is "the key to success" when it comes to praising staff, with "increasingly dynamic reward strategies" being used to improve employee retention.

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