SteveYi
Granting good salaries to outstanding workers are the delight of a company who is experiencing excellent growth due to excellent productivity. However, many people believe that receiving a good salary shouldn’t be based on performance.
They believe that, regardless of the quality of performance, mediocre workers should receive the same degree of monetary compensation as those who perform excellently day after day. But the whole idea is foolish, and isn’t taking several things into consideration, including quality and productivity.
Quality of Work
Customers love quality. If an employee doesn’t care about the quality of his or her work, then mistakes and complaints increase. For example, if an account doesn’t do a poor job of managing a company’s financial records, then when it is time for the company’s audit things could get chaotic, especially when it comes to legal issues. Do employees want to pay this individual an outstanding salary. I think not.
Productivity will Suffer
Directly connected to good performance is great productivity. When customers demand a product or service right away, successful companies are ready to meet those demand and beyond. However, if employees are not performing to the minimum standards required, customer appreciation will fail miserably, and they will go elsewhere.
Paying your employees based on excellent performance will most likely be an incentive strong enough to keep them loyal to your company. For their outstanding knowledge, skills, and commitment to the success of the company you will be making a wise decision to keep a great performer.
Unfortunately, many companies ignore top performance and reward low performance equally, if not less, simply because the employee is popular or has a history with the company. Even though they attempt to exercise patience, the company suffer multiple customer complaint and earns an unfavorable reputation.
The Destructiveness of Bad Performance
Bad performance on a continual basis will send a company on a downward spiral. Internal conflict among employees will be a big problem. Most of a company’s work is interconnected. The completion of one person’s job depends on the other person doing his or her part.
If a smooth workflow isn’t occurring then there is almost certainly, a weak link that needs to be addressed immediately. If this issue is ignored, then a company might see an exodus of outstanding individual with transformative knowledge and skills.
Consequently, customers will begin to complain due to low delivery and quality. Necessities in demand can’t be held back. You, as an owner, will lose a degree, if not all, your customer base to the excellent performance of the competition. You must deliver.
Therefore, a company pursuing exceptional growth and development must recruit the best talent possible. This includes people with passion for the industry along with an outstanding track record that will life the company to higher heights.
The highest salaries should go to the higher performers. These individuals will be responsible for the success of the organization and its effort to become a Fortune 500 company.
The Exceptions: New Recruits
When it comes to excellent performance, new recruits must be given a chance to prove themselves. They must first learn the inner and outer workings of the organization before they can be considered for an honest performance evaluation. They should be paid the salary agreed upon when hired.
However, for employees who have been there for a couple of years without improvement in their day-to-day performance should be considered for a reduction in salary, especially if their action and behavior is continually contrary to the expectations of the superiors.
Companies who Reach for the Stars and Succeed
Great salaries to employees who deliver excellence performance are what highly successful companies with a strong, loyal customer bases are made of. Such companies will gain:
- Popularity
- Customer Loyalty
- Longevity
- Financial Security
- Market share Dominance
- National and Global Expansion
No doubt salaries should reflect excellent performance as well growth toward greatness. What employers must do is convince their employees to pursue excellence in their work, especially when it comes to receiving bonuses and promotion.
Employees should understand that knowledge and skill enhancement will take the organization to a higher level, which means higher revenue. As a result, the door will be open for higher salaries across the board, not just to those who perform excellently from the start.
When everyone is receiving quality pay, then they atmosphere of the entire company will reflect passion and excitement for the work. Once everyone is in alignment with the company vision and mission, the very stars are reachable.
