Saturday, 18 June 2011

Try not to mortgage the future

"Individual expenditure not only rises to meet income, but tends to surpass it"  C. Northcote Parkinson.

If you give employees opportunities to borrow off tomorrow's wages, they usually will.  After all, why shouldn't they get the highest standard of living they can?

The trouble is that those debts catch up with them  - financially and often emotionally.

So, be wary of allowing your employees to mortgage their future ability and effort to today's rewards.

No comments: