May 1999
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Articles Quality On Trial: Achieving Success At A Law Firm Columns Let's Go To The Oasis Features Sorry We're Closed: Diary Of A Shutdown Brief Cases Pageturners |
Business Briefs Pay Me The Same as the
Crowd Slow Down! Ever wish there were more hours in a day? Not enough time to think? This fast-paced lifestyle has gradually gotten progressively worse without anyone realizing it. Although it may seem that we accomplish more with this constant hustle and bustle, we are not taking the time to think about the decisions we make. This poses a potentially serious risk. According to a recent study by Copernicus: The Marketing Investment Strategy Group and Gazelle International of Newton, Mass., managers make split-second decisions based on the short-term results without consideration to the long-term possibilities. Next time you feel rushed for a decision, breathe, think and slow down. That short time of thinking may result in long time benefits. Wage Increase—Think Again It’s as simple as supply and demand. Increased labor shortage equals increased salaries. Not necessarily, according to a recent article from Trend Alert, by Roger Herman and Joyce Gioia, strategic business futurists. Businesses are too sensitive to their
profits, thus finding alternatives to keep employees
without incurring the costs of increasing their pay.
Signing bonuses, educational opportunities and flexible
hours are some ways in which employers can promote
employee retention while competing in today’s
workplace. While these perks have been around for years,
the tight labor market coupled with increased competition
for talent has caused many companies to rethink and
revisit compensation in the broadest sense of the
word. |
