Putting in place an environment that fosters learning by way of challenge and time-bound growth has been shown to bear fruit when practised on the right kind of employee. The work environment is no longer about perquisites and remuneration, but about value propositions.
Selecting and retaining the best talent requires that HR managers consciously shed prejudices and practice being objective and rational in their day to day lives. There is a very sound economic argument against job discrimination. Common observation tells us that many individual decisions by both employers and workers determine the finally agreed upon wage rate or salary for a particular line of work. Now, if an employer decides to remunerate all employees on the basis of the average expectation of workforce productivity, there are no incentives for the more capable employees to excel and improve.
High cost of discrimination
This story is from the August 2018 edition of Human Capital.
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This story is from the August 2018 edition of Human Capital.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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