by Derek Irvine
Understanding. Purpose. Meaning. Value. All are critical parts of a creating a WorkHuman environment in the workplace. All are elements of communication. I would argue every manager of people must be a proficient communicator or willing to become so.
The bottom line – people’s perceptions of the fairness of their pay relative to the market far more dramatically affect their decisions to stay than the reality of their pay. If we simply communicate more clearly and honestly, people are more satisfied with their pay.
Click through to my Compensation Cafe post for a summary of key observations of the full study.