Getting a Raise
September 18th 2008 03:30
Getting an annual raise is a wonderful thing, but is it being done fairly to reward you for your hard work? I have worked in many different institutions. Some give everyone the same percentage increase from the lowliest worker to the top of the food chain. Others have given a higher percentage to those at the bottom and a lower percentage to those making the top salaries. I like the way it is done with my current employer.
My current employer bases raises on performance. Now that is motivation. Money is just one factor that motivates me and it does not always rank at the top. However, when everyone is getting raises, I want to see that all of my hard work has been noticed and that I am getting the same as everyone else.
I realize now that the employer that gave everyone the same was really doing something that was more of a de-motivator for me. If I perform extraordinarily I would get paid the same raise as if I had perform sub-par. Huh? That does not give me an incentive to go the extra mile.
So to all of those employers with the philosophy that we need to be equitable in our raises, don’t go there. Instead, reward your best employees to encourage them to stay with your organization. There is a benefit to paying a sub-par employee a lower raise – they may just leave the organization and allow you to hire someone better.
My current employer bases raises on performance. Now that is motivation. Money is just one factor that motivates me and it does not always rank at the top. However, when everyone is getting raises, I want to see that all of my hard work has been noticed and that I am getting the same as everyone else.
I realize now that the employer that gave everyone the same was really doing something that was more of a de-motivator for me. If I perform extraordinarily I would get paid the same raise as if I had perform sub-par. Huh? That does not give me an incentive to go the extra mile.
So to all of those employers with the philosophy that we need to be equitable in our raises, don’t go there. Instead, reward your best employees to encourage them to stay with your organization. There is a benefit to paying a sub-par employee a lower raise – they may just leave the organization and allow you to hire someone better.
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