Take care of your employees; they'll take care of you
By Dale Dauten
The Boston Globe - December 3, 2006
"Success is never final."
-- Motto of Marriott Hotel executives
What kind of employee is attracted to average pay? Well, yes, the average one. And if that's your compensation strategy, you've admitted to the world: "Mediocrity lives here!"
But wait a minute: There are all those studies concluding that "average" employees think they are "above average," which means that they are not going to be content with average pay. If you shoot for average pay, your company will be a lure for third-rate employees who think they are average. Hence, your strategy really comes down to, "If you pretend to work hard, we'll pretend we pay well." ...
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