After speaking on a panel about trying to find the best tech talent, I chatted with research fellow, Michael Schrage of MIT. Schrage had a very passionate response about giving money to employees as a solution to keep them at the job. Schrage said that the notion of compensation isn’t just rewarding people for a good job done. It’s making an investment in the potential of future employees. We need to move away from compensation as the path of least resistance and move towards a situation of creating maximum advantage. That path is not just compensating, but investing in your employees like a stock so they become more valuable over time. Get quick insight from Schrage in the one-minute video above.
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