Compensation MAP (mindset, attitude, philosophy)—in a nutshell
by Miki SaxonSuccess is like a 3-legged stool—
Customers / equity-holders / employees
If one leg becomes too long, the stool tips over!
Taking care of the first two is a given, whereas, taking care of employees seems to be based on the labor market.
If the market is hot, people are showered with money and perks, as the market cools, so does employee care.
Yes, you can buy people and you can replace people, but it’s very expensive!
So, remember, people who join for money/stock will leave for more money/stock.
However, if you
- do the right thing,
- treat them fairly,
- give them interesting work,
- enable their growth, and
- satisfy most of their intangible hot buttons
then they’ll be
- more productive,
- innovative,
- committed,
- caring,
- happier, and
- healthier.
What more can any boss ask?