Scientists from the universities of Illinois and Oregon have discovered a way to get people to work more for less.
As a study by scientists has shown, sometimes peopleperform much better at below market wages than employees in the same positions at higher wages. The phenomenon is explained by several factors.
Firstly, wages below the market eliminatecandidates for whom only money is important. Second, lower-paid employees feel like they are making sacrifices for the good of the company. Thirdly, a small salary can help employees unite.
Based on this, Inc.com has compiled rules that will help make employees work more efficiently for less pay. Need to:
- show employees clearly that the company benefits the community;
- ensure transparency of salaries, that is, everyone should know how much his colleague earns;
- Do not provide too high a salary to the head of the company;
- ensure salary coverage of basic needs of employees.