| Client Testimonials
| "Thanks to the principles of our management development training last summer, I've been able to implement several principles into my management style this year."
Read This Testimonial » |
|
|
| Recently Published Articles
| Another Sunday, another loss for the Denver Broncos (and their fans). Another week of turmoil in Washington, and another downturn in economic indicators, the stock market and national morale.
Read This Article » |
|
|
|
|
| 89.
Let Your Compensation Program Take The Worry Out Of Being Close
| One of the most volatile work issues and the one most likely to damage work relationships, is compensation. That is why a key mark of management competence is the ability to create and sustain a fair compensation system.
When confronted with making assignments, measuring and appraising performance and then determining merit or promotional increases, an arbitrary approach to compensation will feel like walking through a mine field. And if you try to save pennies when awarding salary increases, you will suffer higher turnover and most likely the loss of your most talented staff.
Where then does the worry in "being close" come from? It comes from that disconnect associated with assigning work and measuring and rewarding performance fairly.
Management must clearly define expectations (performance and deliverables), measure that performance quantitatively, and reward performance fairly and consistently. Such an approach to compensation takes the worry out of "being close".
Remember, of all the things you do in your company, your compensation programs are the clearest manifestation of your management philosophy. |
| |
|
|
