Jeff Weber is the VP People from ancestry.com and he talked about compensation. It was very interesting all the different possibilities that companies do to differentiate themselves from other organizations and stay on top. Some of the things that company do to differentiate from others are the location, vision, reputation, technology, etc.
He mentioned that it is crucial for a company when compensating their employees to not go all the way. One of the reasons is when you take it away from the employees, they feel like the organization has taken something away that they are entitled to. One example he said was that he gave donuts to his employees, every Thursday morning, but they were trying to implement good health. Thus, the organization took away those donuts and the employees were mot happy about.
Compensations are important in an organization. They need to be very well planned and go over the objectives to see if everything is in order and something might need to be changed.
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