SmallBizResource Blog -- Productivity
How To Make Pay For Performance Work
Throwing money at a problem--or employees--isn't any way to ignite greater productivity or solve issues. One expert offers up some good tips on how to make sure your compensation approach is getting you the most for your money.
Check out what Tod Loofbourrow, CEO and founder of Authoria, has to say about job compensation and what companies are doing wrong these days.
In the short article he penned for News.com, he writes that if companies want to attract and retain motivated employees, organizations need to invest the time and resources to make talent management their number one priority.
While appropriate and competitive compensation is absolutely critical, it needs to be part of a larger strategy for better evaluating, engaging, growing and retaining talent. Left on its own, compensation may ensure well-paid individual employees. But it doesn't engender loyalty.
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