Work stats: Pay doesn't equal performance

June 2008
Human Resources (Haymarket Media Group Ltd);Jun2008, p8
The article highlights the survey conducted by management consultancy Hay Group on the significance of pay rise to achieving greater business performance in Great Britain. The survey shows that the world's best performing companies pay 5% less on average. In addition, 74% of Most Admired Companies (MAC) employed executives think that reward consists of both the tangible and intangible. Meanwhile, 41% of MAC employees think that their reward program is fair compared to 27% non-MAC employees.


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