The money dried up. Businesses are in a tight spot. Bonuses are cut to the bone. Merit increases don’t merit much time because they’re put on hold. Stock options are underwater. So what’s left? Communication.
That’s right, COMMUNICATION IS THE NEW COMPENSATION.
When there’s no money to go around, it’s time to get back to basics. Talking to people. Talking about making R&D and operations work. Talking about competitiveness. And why you’re happy that the people you work with are there with you.
The money’s gone; the talk lives on. In these trying times, what you lack in rewards you can make up for in human interaction. Put down the Blackberry. Ditch the email. Stop with the voicemail. Talk to people. Get in touch. Communicate if you can’t compensate. (Yeah, I know that’s a wrong-headed construction, but I like how it sounds.)
So, Communication is the new compensation.
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