Quote:
Originally Posted by CU Tiger
That's a great attitude.
Builds no employee loyalty, and those people will remember when the market returns and their first offer comes along.
My compensation philosophy is pay what it takes to retain your best people, hell I pay what it takes to make sure they never go looking....the bottom half, I intentionally under pay, and let it be known what the top half makes..they either improve or move on either way its a win.
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It's a long-term contracting position with the government. It's a situation where you sacrifice some money, but you have security (which is in rare supply right now). If the economy improves, the pay improves. We've honestly never had any issues hiring people and the low stress and 40 hour work week helps tremendously. You'd be surprised how many people are willing to take lower wages in exchange for quality of life.