One of the things that struck me in my previous work experience was compensation. I used to work for a company that was part of a burgeoning industry in recent years. Because of this trend, competition within the industry is fierce, which makes overtime work more frequent. That is, people often need to work longer hours than their regular 8-hour days to complete the tasks they are assigned. In fact, we have lost the two days of the weekend that were supposed to be the legal holiday. On top of that, there hasn’t been any reasonable increase in people’s wages. Under these circumstances, many of my colleagues have resigned as a result.
Mass turnover is obviously not a good thing, and it does have a serious impact on the functioning of the company. Therefore, the senior leaders of our company took the initiative to come forward and told us that this period of overtime was only caused by short-term busy business, which was an accidental behavior. In addition, he also promised to accumulate overtime pay, or bonus, according to our personal performance and overtime hours, and give us holidays in turn to make up for the previous weekend. If the business volume in this period reaches the ideal range, the company will consider organizing a long trip to comfort the employees at the end of the year. Clearly, in this case, the massive loss of talent taught the leadership the consequences of over-squeezing employees, which is not good for the long-term. Therefore, in response to this situation, the company made compensation.
From the above content, on the one hand, material compensation such as money and vacation can make employees feel that they are treated fairly. On the other hand, the personal intervention and active communication of senior leaders make employees feel that they are valued, so that they stop leaving and work harder, which is a kind of spiritual compensation.
