Thoughts on people, teams, organizations, communities, effectiveness and success
Forget drugs, embezzlement, investment banking, or racketeering. The real answer to how to get paid well can be found in last Sunday’s New York Times.
On a conceptual basis you get paid well when there is a high market price paid for your work. Part supply and demand, part value equation (cost/effectiveness = value ), pay in part is what you do, how well you do, and who you do it with.… Read the rest
As my colleague Margaret O’Hanlon has blogged at the Compensation Cafe, merit budgets in 2009 are tiny: the upshot is that most employees won’t see a salary increase. At a time of 10.2% national unemployment, the goods news for the folks who have them is that they have a job – the bad news is they’ll see no compensation reward for hard work and performance this past year.… Read the rest