Fair Deal - How happy employees are with pay and benefits
Fair Deal itself doesn’t directly influence another factor. It’s classified as a hygiene factor. Sure, doubling everybody’s salary would make them happy but it wouldn’t make them feel any better about factors such as leadership and management.
Now although pay is not an engager, it is important that pay and benefits are at the right level as to not disengage employees further.
Riverford gives all co-owners the opportunity to refer a friend for any of its live vacancies. If the referred candidate is successful in getting the role, once they have passed their probation period, it pays the co-owner who made the recommendation £400. The friend they recommended will also get £100 – this is an unlimited
Fair pay is fundamental at the organisation, particularly for those co-owners at the lower levels of pay. It is a Real Living Wage employer. To offset the gender pay gap, it has overhauled its role banding, increased transparency over the rates for different levels, and installed measures to ensure that these bandings are consistently applied.
Riverford has a whole host of developmental opportunities for its people. Including captured learning, personal and professional needs during 1:1s, establishing aspirations, and providing learning to support the individual in improving confidence, performance, and motivation. It also runs an internal management programme that focuses on performance coaching and development conversations.
