Tuesday, June 14, 2011

You Get What You Pay For

A friend of mine's wife was teaching a dance teachers workshop and one of the participants asked her how she was able to get such good musicians for the program.

She replied, "Pay them!"

The universal truth is that you get what you pay for.

It especially applies to your staff.

There are two management approaches you can take towards your staff. Either they are one of your largest expenses or one of your largest assets.

The business owner who approaches payroll as an expense will try to cut it to the barest minimum, keep pay as low as possible to keep labor costs down.

The business owner who sees the employees as an asset will invest in them and do whatever necessary to get the highest possible return from those assets.

Either way, you will get what you pay for.

Choose wisely, my friends, choose wisely.

Phil
www.PhilsForum.com


PS Need help getting the right assets in place? Buy my book Hiring and the Potter's Wheel: Turning Your Staff Into a Work of Art. It will make a difference immediately.

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