The Price of Talent Salary is first on the list of inducements to join a company and stay there, according to recent surveys. But before you break the bank to give your business manager a raise, consider that for the past several years most surveys placed salary third or lower among ways to attract and keep employees. Now many employees take such working conditions for granted and again covet higher earnings. Keep them informed. Kaye and Jordan-Evans have found that employees want to know the truth about the company and about their own performance.
Morale suffers when management conceals, withholds, or distorts.
Paying your people fairly is just the start. An editor since the age of 6, when she returned a love letter with corrections marked in red, Mary Campbell founded Zero Gravity in 1984 to provide writing, editing and marketing services. Small Business Builder is published on Wednesdays. ABC News Internet Ventures. Internet Safety Information applicable to the site.