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Myth #5: We need to offer top pay and top line benefits if we have a hope of attracting and keeping top performers. |
Research and experience continue to show that pay and benefits are among the weakest ties. There’s no question you need to offer a package that’s in the right ballpark… but so long as these factors are roughly right, others become much more important.
The factors that attract the right candidates and keep your people focused and productive are what researchers refer to as the four critical aspects of fit. Fit with manager is the most important; it will make you or break you. The other three are fit with the job, with the team, and with the company. It’s surprisingly easy to filter people in to a conversation with you on the basis of these aspects of fit, and yet remarkably few organizations have figured out how to do it reliably.
The most valuable competitive advantage for any business is to staff with top performers who perform better and stay longer. You can rely on the Fit First Philosophy… it will power your business to better results and a stronger P&L.
Employee turnover is an enormous, hidden drain to the health and vitality of any business. The direct costs alone are sobering enough - but when you layer on the indirect costs - the toll mounts quick...
There is absolutely no correlation between employee happiness and business performance. In fact, there is a level of dissatisfaction with the status quo that actually fuels passion and drive in many e...
The way most organizations manage their most expensive and valuable asset - their people - hasn't fundamentally changed much in decades... and may actually be hurting employee engagement, workplace pr...