I’ve seen reference to research showing pretty much what you’re saying: Inadequate pay gives dissatisfied employees, but raising pay above a certain level only gives very short term increase in employee satisfaction. The conclusion was that pay has to be high enough that people feel fairly compensated, but further increasing it has little to no long-term effect.
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Badass_panda@lemmy.world 10 months ago
So… this is pretty stupid, a raise in pay certainly might help.
However, from the perspective of a career spent managing teams, often organizations with hundreds of employees, if you think your people are all solely motivated by compensation, you’re going to do a very poor job as a manager.
Everyone wants more money, but that’s not all they want – and there are plenty of people who quit high paying jobs that treated them poorly or gave them no opportunity to grow.
Think about appropriate compensation as necessary, but often not sufficient – and think about the best boss you ever had. They probably did more than just pay you fairly, that’s the bare minimum.
thebestaquaman@lemmy.world 10 months ago
Badass_panda@lemmy.world 10 months ago
Yep. It’s why companies can offer ridiculous salaries and still have crazy employee churn (see: amazon, tesla).
charles@lemmy.world 10 months ago
What the list needs is “fire their toxic manager” or “ask them what they need to be happy and successful in their career”
Badass_panda@lemmy.world 10 months ago
Right… “perform an actual exit interview” would be good