The two different currencies for reward
Whenever we think of ‘reward’ in employment terms, we often think of the salary we are giving to our people. The salary is what is referred to as the transactional (financial) reward.
Whenever we think of ‘reward’ in employment terms, we often think of the salary we are giving to our people. The salary is what is referred to as the transactional (financial) reward.
Some statistics from the United States of America – courtesy of Bloomberg Business Week: 64 per cent of directors on the Standard & Poor’s 500-stock index have served ten to fifteen years on a board of directors.
Values are the core of the company’s culture. They are guidelines which people need to ingrain and follow. Needless to say, they are of little value if they are not understood or considered as important by the leaders of the company.
“New year, new me!” We hear that phrase countless times at the start of the year. And many of us are already enthusiastically embracing our new year resolutions.