When Kenexa High Performance Institute researchers Brenda Kowske and Jack Wiley embarked on a years-long study of best HR practices, they asked thousands of employees worldwide a simple question: What is the most important thing you want from the organization for which you work?
They heard one response over and over: Fair compensation for a day’s work, and enough of it.
For everything else that contributes to employee satisfaction, most people wouldn’t do their jobs free. Compensation is a critical tenet of the employment contract, Kowske and Wiley write in their new book, Respect: Delivering Results by Giving Employees What They Really Want (Jossey-Bass, 2011).
They urge employers interested in attracting and retaining excellent employees to ask these questions about their compensation practices:
1. Do you have a stated compensation policy? A good policy spells out a broad framework within which decisions about sta...(register to read more)