Does salary really matter? is the question not only of managers but also employees. So, put on the scale, salary and other factors are heavier, let's find the answer in the article below.
Does salary really matter?
We cannot deny the rule that everyone goes to work for a salary. Because it is a measure of the value of life, meeting the things that people need for daily activities. Also for this reason, during the recruitment process, the employer will mention the specific salary for the employee. On the contrary, employees also have the right to propose a salary suitable to their own capacity.
So the answer to the question is salary really important is yes. However, this level of importance is not 100%, it is only relative. Because besides salary, there are many other factors that make employees decide whether to work at the enterprise/company or not. And these factors will come from the subjective factors of employees, more specifically, self-esteem.
Wage is really an important metric for workers
For example, a worker is recruited into a large enterprise with a salary that many people dream of. However, in the process of working, employees feel that the working environment is not suitable, with many potential problems such as: employees do not get along, the boss has a coercive attitude to employees, it is difficult for themselves to have If they can develop their capacity in a comprehensive way… surely, employees will choose to quit their jobs without worrying about salary.
And now, is salary really important any more or not, the answer is of course no. Therefore, the balance between salary and other factors when working cannot be heavier, but needs a balance. However, very few businesses/companies can do this well. Therefore, it is very difficult for them to retain talented people to work for a long time.
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How to balance salary and other factors?
It is a fact that, to balance salary and other factors, in order to help employees stick around for a long time is very difficult. Because it is affected by both objective and subjective factors. This is most evident in fresh graduates.
Specifically, fresh graduates often want to get a job in the right field with a really high salary. However, the truth is that it is very difficult to do so. It is this pressure in thinking plus the fact that it does not meet their expectations that make many employees choose to work in the opposite industry or accept to "bury" themselves just for the sake of salary.
The balance between salary and other factors is a difficult problem
People need to understand the nature of the question wages really matter, in fact, no one who has just graduated from school, has just embarked on life can get rich immediately. It takes a period of hard work and effort. And businesses/companies can apply some of the following ways to help balance salary and other factors, in order to retain talent more effectively.
- It is necessary to give the right salary according to the employee's capacity. Enterprises cannot keep the old salary for fresh graduates to apply to employees who have many years of experience.
- There should be a periodic salary review, usually every 6 months. Specifically, employees will be evaluated on capacity and job completion results to consider whether to increase salary or not. If the employee does a good job, the salary increase is natural.
- The salary of each employee in a team should be kept secret: This rule has been applied by many businesses. Because keeping secrets will help ensure employee benefits more effectively, especially when the employee's salary is different. This will help prevent employees from being hostile or disobedient.
Businesses need to know the important factors of salary setting
- Building a friendly and positive working environment: This is an important factor that makes employees want to stick around for a long time. In fact, employees are more willing to choose a job with a lower salary but a sociable and friendly environment than a higher paying job but the environment is full of pressure.
- Listen to employee suggestions: During the recruitment process, businesses need to listen to employees' salary suggestions. Then, consider whether the proposed level is suitable for the employee's capacity and the financial framework of the business to determine the appropriate salary.
Through the above article, you certainly have the most perfect answer to the question wages really matter. Applying the above useful information will help businesses retain talent and develop more effectively.
