Considered in making these decisions

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The CEO would like to give a 1% raise to all employees with good reviews. One member of the board of directors said that he did not think that an increase was required simply because a person gets a good performance review. The CEO thinks that the review does not mean much if it does not result in a financial reward. These are lean times.Is keeping your job adequate reward for good performance during these lean times? Employee turnover has improved over the past few years. We have more new job applications than in many years. We want to respect our tight budget but at the same time treat our employees right. Based upon your readings this week, what factors should be considered in making these decisions?

Reference no: EM132115084

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