“In my day, you could get a candy bar for a nickel!” Different generations have different reference points when it comes to money in general and compensation in particular. And those perceptions play a big role in recruitment and retention of employees. It’s wise to be aware of your own bias when it comes to matters of compensation. This is true whether you’re in a position to set pay rates for others or you’re simply in a position of working for pay that is set by others. The market matters more than your feelings. Also, demonstrated competency matters more than your feelings. Take a look around. See what the fair market value is for your work or the work you’re hiring others to do. Find Us Online: BrosPodcast.com - LinkedIn - Youtube - Instagram - Facebook - Eddie's LinkedIn - Tyler's LinkedIn If you enjoy the podcast, please rate us on Apple Podcasts or wherever you listen to us! Thanks for listening!
See omnystudio.com/listener for privacy information.
See omnystudio.com/listener for privacy information.