They're seeing that as a way to reduce their costs in some places. Some might think employers are taking a Scrooge mentality, but they're putting it into a different form.
More Quotes from Ken Abosch:
Employers recognize that the value in tying awards to performance, as opposed to the holidays, better connects employees to the company's goals and objectives, eliminates 'entitlement' issues, and leads to increased productivity and improved business results.Ken Abosch
Variable pay is designed to help employees concentrate on company goals and objectives, while eliminating 'entitlement' issues that often arise with a holiday bonus.
Ken Abosch
The good news is that after seeing very significant reduced spending overall, companies are projecting a slight recovery for 2003.
Ken Abosch
Most employees view base salary as a barometer of their worth, so thinking about a steady decrease in the amount of money being provided to them has had a psychological impact. That's why organizations looked to variable pay as a way to counteract that -- until recently.
Ken Abosch
Readers Who Like This Quotation Also Like:
Based on Topics: Place QuotesBased on Keywords: scrooge
The 9/11 Commission recently released their report, citing important changes which need to be made to improve our nation's homeland security. I voiced my disappointment with the House leadership when this report was left until after the August recess for action.
Leonard Boswell
Music, I feel, must be emotional first and intellectual second.
Maurice Ravel
The timid man calls himself cautious, the sordid man thrifty.
Publilius Syrus