Companies must have a marketbased policy in place to maintain some consistency. Smart companies that want to retain their best staff are asking what can my employees get out of me', rather than what can I get out of my employees'. When it comes to high performers, companies need their employees more than their employees need them. Strong words indeed, and not a little revolutionary. Globalisation has changed that, says Friedman.
Employees are always in the market place, continually being head-hunted.
There is no job for life. We are not blindly loyal to employers, and this has changed how employers compensate employees. There is a move away from job evaluation, and you pay what you have to. People who own their own businesses are the most motivated to succeed, says Friedman. With ownership comes empowerment, because people are in charge of their own destinies.