Set up employment policies for your business

Pay, rewards and benefits

Pay is a key aspect of your relationship with your employees. Setting the right pay rates for your business will likely take into account your need to attract talented employees and retain those that you have already. Above all, pay rewards should be fair, and the process transparent. See our guide on how to set the right pay rates.

You may decide to implement a results-related pay system, such as commission or bonuses. These are provided by your business in addition to basic pay and can be used to reward employees who perform at a high level:

• commission is calculated based on the performance of an individual or a team
• bonuses may be connected to the performance of the entire business

Depending on the sector in which your business operates, eg in the catering trade, setting up a tips and gratuities system may be more appropriate. You should be aware that there are certain types of business expenses which are allowable and need to be disclosed to the relevant authority. See our guide on business expenses and dispensations.

Subjects covered in this guide

• Introduction
• What types of policies should I set up?
• Working time policies
• Patents and copyright
• Health and safety policies
• Disciplinary and conduct policies - harassment, bullying and disputes
• Company policies and facilities
• Training and performance management
• Pay, rewards and benefits
• Writing staff policies

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