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Management Buzz 12/04

Rewarding top-rung employees, the work/life balance and more

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This story appears in the December 2004 issue of Entrepreneur. Subscribe »

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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:

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