If you want to build a great career working in human resources, you need to learn to hire the best and pay them better than competition. In the age of the Internet, it is easy to forget that it is people who build websites and create technology even when you never see the people.
However, even technology companies are all about the people. For example, Google has a reputation of only hiring the best of the best and paying them well. This is a position that can be an example for all businesses. You want the company you work for to be the best paying employer for the best performing employees.
Too many businesses are trying to cut corners by paying their employees less than their competitors do. This is a big mistake because if you are paying less, your employees will be looking to do less work or will be producing work of inferior quality. If you get rid of such employees and hire someone new but still don’t pay enough, you will most likely have to fire them quickly, too. This means that you will have to deal with a constant turnover that puts huge stress on business.
You can also choose to tolerate employees who regularly underperform. If this happens, it means that your product or service will not exceed the expectations of your customers. If your customers are not happy, they will be looking to pay less for your product or service. This means that you’ll be stuck in a downward spiral: you’ll be paying your employees who will be underperforming. In turn, your customers will be unhappy and you will be getting less revenue. This is not what you want to happen in your business.
Instead, you want to hire the best people and paying them the highest wage. The best people will be doing the best work and your customers will be happy. When your customers are happy, you can be charging more and growing your business successfully.