Comments on: Communication is the New Compensation

By: The Week In Recruiting (Reading the blogs, so you don’t have to…)

The Week In Recruiting (Reading the blogs, so you don’t have to…) — Mon, 26 Jan 2009 17:22:25 +0000

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By: Frank

Frank — Fri, 23 Jan 2009 21:15:23 +0000

Thanks, Ann. It's funny…I guess more communication is an all-the-time thing. It's just that in this economy, it takes more authentic discussion. This is person-to-person discussions. Solid stuff.

By: mszypko

mszypko — Fri, 23 Jan 2009 19:51:54 +0000

Bill only likes it because it is inexpensive!

By: Frank

Frank — Fri, 23 Jan 2009 19:41:05 +0000

Thank you…I cringed a little when I was writing it because it could look a little self serving. But I think it's the real deal.

By: Strahan

Strahan — Fri, 23 Jan 2009 19:31:56 +0000

Damn this one is good.

By: Frank

Frank — Fri, 23 Jan 2009 15:58:36 +0000

Rick, you have that rock solid. So true, so true, brother.

By: rick

rick — Fri, 23 Jan 2009 15:27:58 +0000

You are absolutely correct with one caveat. Communicate even when you can compens.ate. Too many companies think a check, or a promise of one through incentives takes the place of communication.

They are wrong

By: Ann Bares

Ann Bares — Fri, 23 Jan 2009 14:57:44 +0000

Frank:

Great post … and completely true. I do annual research in my marketplace here on what local HR professionals think is the most successful compensation strategy each year. Don't yet know the verdict for this economic crisis, but when I surveyed following our last slowdown (2002), the top answer for best reward strategy was …. (drum roll) “open and frequent communication”. So, we know this. We just have to act on it.