Perfecting Employee Performance

  Has the term “living wage” come up when discussing employee wages within your organization? What exactly is a living wage, and how can it affect your business?   What is a Living Wage?   A “living wage” is the wage an individual must earn to afford an adequate standard of living, based on the individual’s location, household size, and number of working adults. Those earning a living wage should be able to afford sufficient food, shelter, and other essential needs for their families.   The living wage varies by state, city, and county and is based on the Living Wage Calculator , developed in 2004 by Amy Glasmeier, a professor of economic geography and regional planning at the Massachusetts Institute of Technology (MIT).   Living Wage vs. Minimum Wage   People often confuse living wage with minimum wage, but they are not the same.   Congress created the federal minimum wage to prevent American workers from falling into poverty. ...

  Marcus Buckingham wrote an article published in the February 9, 2015 issue of Harvard Business Review titled "Most HR Data is Bad Data". He asks the question, " If you were my manager and you watched my performance for an entire year, how accurate do you think your ratings of me would be on attributes such as my “promotability” or “potential?”   What Marcus Buckingham is saying is that no one can rate another person and therefore rating systems are of no use.  He states that "The research record reveals that neither you nor any of your peers are reliable raters of anyone. And as a result, virtually all of our people data is fatally flawed." He goes on to cite research conducted over the last 15 years and documented in the Journal of Applied Psychology and Personnel Psychology in which it was found that ratings done were more reflective of the rater than of the person being rated.  " Bottom line: when we look at a rating we think it reveals something a...