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Management Buzz 12/04

Rewarding top-rung employees, the work/life balance and more
December 1, 2004
URL: http://www.entrepreneur.com/article/73732

Bonus Round

How can you keep your employees happy when they've hit the top of the company's wage scale?

It's a tricky question business owners face as the economy shows signs of life. "Entrepreneurs should continue rewarding employees, because if they don't raise the bar, someone else will," says Bill Coleman, senior vice president of compensation for salary website Salary.com in Needham, Massachusetts. Here are ways to reward employees who have hit the company's salary ceiling:


57%
of workers are happy with the balance between their social and work lives.
Statistic Source: Pendaflex

30%
of managers are viewed as "severely lacking" in their ability to manage other people.
Statistic Source: Right Management Consultants