At the most basic level, the relationship between an employer and an employee comes down to compensation. While we spend time discussing management at a tactical level in terms of communication, feedback, goal planning and other aspects of performance management, the initial bargain is an exchange of time and skills for something of value, usually in the form of money.
This becomes increasingly apparent when we look at why people change jobs. In a recent survey by CareerBuilder, only 43% of employees were happy with their salaries, which means that more than half would take the same job at another firm if they were offered more money. (http://www.careerbuilder.com/share/aboutus/pressreleasesdetail.aspx?sd=1%2f9%2f2014&siteid=cbpr&sc_cmp1=cb_pr797_&id=pr797&ed=12%2f31%2f2014)
Tags: Compensation Planning