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Either Employers Have No Clue About the
Priorities of Their Employees or They Are in a State of Self-Denial
Thursday, November 16,
2006
According to the 2006/2007 Strategic Rewards Survey by Watson Wyatt,
71 percent of employees ranked pay as one of the top three
reasons that would motivate them to leave their current
employers. Only 45 percent of employers ranked pay among their top
three employee retention tools.
Pay, opportunities for promotion, and work/life balance are the top
three priorities for employees. On the other hand, 66 percent of
employers put career development as a top retention tool, which is a
top pick for only 23 percent of employees.
These results were based on a survey of 262 large U.S. corporations
and 1,100 workers.
Let's put it this way: career development is only good if it's going
to lead to a promotion, which means a higher salary. Career
development in and by itself is definitely not sufficient, or, in
other words, career development is a means to an end. Employers
should recognize that.
Pay vs. Prestige
Wednesday, April 12, 2006
News grads are often faced upon graduation with the choice between
pay and prestige. Indeed, some smaller firms are willing to pay
more to attract good recruits because they don't have the "name" on
their side.
Experts say that neither should prevail in the end. There are more
important considerations such as possibility of advancement, type of
work, training provided, office environment, etc.
My advice: Keep things in perspective. You're just out, think
long-term... and at such a young age, better hone your skills than
hone your status.
Top Billionaires of 2006
Sunday,
April 09, 2006
If you work hard, you may get up there one day...
Top 10 richest men:
- William Gates
- Warren Buffett
- Carlos Slim Helú
- Ingvar Kamprad
- Lakshmi Mittal
- Paul Allen
- Bernard Arnault
- Prince Alwaleed
- Kenneth Thomson
- Li Ka-shing
The World's Billionaires, Forbes
What's Your Worth?
Monday, March 13, 2006
Elizabeth Levin mentioned something quite surprising in her
article: more than 80% of workers who feel that they are
underpaid actually are not according to a survey by Salary.com.
The idea is not to rely on your "job title". A job title might
not reflect the actual nature of a person's work...
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