Continuing our series of compensation resolutions for 2016 — “Organizations are told that they need a fancy glittery compensation program to “attract, retain and motivate” – what they really need is a fair and equitable program that just does its job and stays out of the way!”
Resolution #2 – Build a program that will take compensation off the table — effectively making it a non-issue rather than a bone of contention.
In his best-selling business book “Drive,” Daniel Pink makes a compelling argument that it is essential to “take compensation off the table.” That means that you need a compensation program that works so well that people simply aren’t thinking about pay. When you take the focus off of “how to make more” and “whether I can do better elsewhere” (or even “can I afford to keep working here”) you free up employees’ time to actually think about doing their jobs.
Do you see the irony here? Organizations are told that they need a fancy glittery compensation program to “attract, retain and motivate” – what they really need is a fair and equitable program that just does its job and stays out of the way!
The…
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