by Derek Irvine
Understanding. Purpose. Meaning. Value. All are critical parts of a creating a WorkHuman environment in the workplace. All are elements of communication. I would argue every manager of people must be a proficient communicator or willing to become so.
The bottom line – people’s perceptions of the fairness of their pay relative to the market far more dramatically affect their decisions to stay than the reality of their pay. If we simply communicate more clearly and honestly, people are more satisfied with their pay.
Click through to my Compensation Cafe post for a summary of key observations of the full study.
About Derek Irvine
The VP of Client Strategy and Consulting at Globoforce, Derek Irvine is one of the world’s foremost experts on employee recognition and engagement, helping business leaders set a higher vision and ambition for their organizations. As a renowned speaker and co-author of "The Power of Thanks" and "Winning with a Culture of Recognition," he teaches companies how to use recognition to proactively manage company culture. Derek holds a B.Comm and Masters of Business Studies from the Smurfit Graduate Business School at University College Dublin.