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Blog: Compensation 

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 HelĂș
  • 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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