Rewarding Compensation is all about providing tangible resources in return for the service your employees provide. Scott Wiggins, Director of Staff for Pinelake Church, has some wonderful stories and practical strategies that can speak to your own compensation plan and how it can strengthen your organization’s workplace culture.
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In this episode:
- Rewarding Compensation is all about:
- First, fair and equitable total compensation plans provide peace of mind and a sense of satisfaction that an individual’s personal, and family financial needs are met.
- Second, rewarding compensation practices remind employees that they are respected and valued.
- And third, compensation is not a primary motivator in sustaining employee engagement, but getting it right is important. It may not be the reason an employee stays with your organization, but it may be a reason they choose to leave.
- What could you do to bring about a positive perspective about fair compensation among your employees?
- Research is key to developing a positive perspective about fair compensation.
- What's a good approach to compensation when it comes to salary increases?
- Rewarding compensation is only the fruit of a larger root. The root is Inspirational Leadership and a Sustainable Strategy.
- Beware of feelings over facts when having conversations about compensation.
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