Maxioms by Ken Abosch
Most employees view base salary as a barometer of their worth, so thinking about a steady decrease in the amount read more
Most employees view base salary as a barometer of their worth, so thinking about a steady decrease in the amount of money being provided to them has had a psychological impact. That's why organizations looked to variable pay as a way to counteract that -- until recently.
The fact we saw 10 percent of organizations freezing salaries was astronomical. It was a really unusual year.
The fact we saw 10 percent of organizations freezing salaries was astronomical. It was a really unusual year.
The good news is that after seeing very significant reduced spending overall, companies are projecting a slight recovery for 2003.
The good news is that after seeing very significant reduced spending overall, companies are projecting a slight recovery for 2003.
Employers recognize that the value in tying awards to performance, as opposed to the holidays, better connects employees to the read more
Employers recognize that the value in tying awards to performance, as opposed to the holidays, better connects employees to the company's goals and objectives, eliminates 'entitlement' issues, and leads to increased productivity and improved business results.
Variable pay is designed to help employees concentrate on company goals and objectives, while eliminating 'entitlement' issues that often arise read more
Variable pay is designed to help employees concentrate on company goals and objectives, while eliminating 'entitlement' issues that often arise with a holiday bonus.
