By Dolly J. Krishnaswamy
So I’ve got a job. I’d like to think of myself as a halfway competent employee. How do I get a raise? Well… just wait..
No seriously, that’s the answer. WAIT. For most of us who are employed, salaries are expected to rise about 3 percent in the coming year, according to a survey conducted by the consulting firm, Hay Group. The firm found that executives, middle management, supervisory, and clerical positions are most likely to reap the benefits, citing the current “growing economic state” as the reason for the financial bump.
But what I really find interesting about this report is the response it created. I looked around and found several comments from presumably reputable, degree-holding big wigs all focused on how non-financial rewards are vitally important to the success of an organization. The Hay Group’s North American Reward Practice Leader Tom Mullen–don’t even get me started on how awesome that job title sounds– talked a lot about how these non-financial rewards are more sustainable than the salary bump and possibly just as important. Yeah that makes sense. Work environment and substancial job responsibility are big factors in this whole pursuit of job happiness thing.
So maybe its just me…. but you can buy my motivation. Yep, I said it. Come on, you know you all were thinking it. I mean sure I’d like a nice pat on the back from my coworkers or a nice non-financial “Good job, Dolly,” but bonuses work for a reason. Right?
What would you choose: a 3 percent raise… or is there something else that would get you to kick it in high gear?