DISQUS

Ann Bares · 11 months ago

Frank:

Great post ... and completely true. I do annual research in my marketplace here on what local HR professionals think is the most successful compensation strategy each year. Don't yet know the verdict for this economic crisis, but when I surveyed following our last slowdown (2002), the top answer for best reward strategy was .... (drum roll) "open and frequent communication". So, we know this. We just have to act on it.

Frank · 11 months ago

Thanks, Ann. It's funny...I guess more communication is an all-the-time thing. It's just that in this economy, it takes more authentic discussion. This is person-to-person discussions. Solid stuff.

rick · 11 months ago

You are absolutely correct with one caveat. Communicate even when you can compensate. Too many companies think a check, or a promise of one through incentives, takes the place of communication.

They are wrong.

Frank · 11 months ago

Rick, you have that rock solid. So true, so true, brother.

Strahan · 11 months ago

Damn this one is good.

Frank · 11 months ago

Thank you...I cringed a little when I was writing it because it could look a little self serving. But I think it's the real deal.

mszypko · 11 months ago

Bill only likes it because it is inexpensive!