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By Staff Report
Feb. 18, 2009
Many companies are facing the difficult decision regarding the tradeoff between staying within lower budgets and rewarding employees to maintain morale and motivation. While doing performance reviews without pay increases is not ideal, there are ways you can communicate this without sending the wrong message and creating turmoil among your staff. Some important points to consider are:
Giving your employees the feeling that you are unsure about the future of the company will be the most significant factor in an increase in turnover following this situation.
SOURCE: Jim Robins, TTI Performance Systems Ltd., Scottsdale, Arizona, January 20, 2009
LEARN MORE: Companies across varying sectors are encountering similar challenges.
The information contained in this article is intended to provide useful information on the topic covered, but should not be construed as legal advice or a legal opinion. Also remember that state laws may differ from the federal law.
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