Some firms like to link pay explicitly to performance - with a direct link.(the 'carrot approach')
Some like to rely on post-poor-performance sanctions ( the 'stick' approach).
Those who think of themselves as enlightened pay good basic pay and expect good performance (the 'faith') approach).
Others pay poor wages but still expect good performance (the ' miserable fools' approach)
.... but the majority have never thought about it (the 'ignorant fools' approach)
Which one do you adopt? Does it work? How do you know?
Some like to rely on post-poor-performance sanctions ( the 'stick' approach).
Those who think of themselves as enlightened pay good basic pay and expect good performance (the 'faith') approach).
Others pay poor wages but still expect good performance (the ' miserable fools' approach)
.... but the majority have never thought about it (the 'ignorant fools' approach)
Which one do you adopt? Does it work? How do you know?
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