I’ll Gladly Pay You Tuesday for Your Services Today
Thursday, March 26th, 2009Executive Compensation . . . you can’t open your eyes or ears nowadays and not hear something juicy on this topic. However, far from the typical Executive Compensation discussions of the day, lays a far less scandalous, but more relevant topic to consider. How can you fairly compensate your employees and, in fact, motivate them to work harder in these recessionary times. Fear of losing their job? I prefer the carrot rather than the stick approach. Perhaps it’s time to think slightly out of the box and motivate your team to succeed through alternative compensation methods rather than beat them into submission with pay-cuts and lay-offs.